Five EU countries where one can buy cheapest housing

Author

Lesia Solovchuk

Fewer European countries accept Ukrainian refugees for free, so more and more of them are thinking about buying their own housing in the EU.

Given the loss of a stable income, Ukrainians are mainly considering budget-friendly options in countries that offer quick and inexpensive real estate deals. Portal Check in Price points out five countries where one can fit in the square meters and not go broke.

Bulgaria. $500 per square meter in province

Bulgaria is one of the most affordable countries for the EU countries and at the same time the country where the lowest incomes of citizens are recorded. Housing prices here are lower than in other EU countries.

Sofia is one of the cheapest capitals in Europe, where the price per square meter ranges from $1,000 to $2,000. There is even cheaper housing in more provincial regions. For instance, in the city of Veliko Tarnovo, a "square" costs only $500.

Budget-friendly prices for houses are in rural areas. One has to pay a little more, but not critically, for housing at the seashore. And even an apartment in the capital will cost a reasonable price.

Latvia. Apartment prices from $300

Latvia offers some of the cheapest houses and apartments in all of Europe. Real estate in Riga costs an average of $1,500 per sq. m. Offers for $1,000 per square meter and even less are often readily available if the buyer is willing to get involved in the renovation.

Outside Riga prices are even lower. For instance, in the city of Daugavpils one can find apartments where a square meter costs $300.

Romania. From $500 per meter in village

The Romanian capital Bucharest is relatively expensive when compared to other cities in Eastern Europe. However, if you go further, you can purchase quite beneficial real estate in small towns and villages.

În cities like Iași or Timișoara, there are apartments with prices per square from 1,000-1,500 dollars. In local villages, the price per square starts at $500.

Albania. Cottage by the sea — $1,000 per meter

There are a lot of cheap deals in Albania. And given the beautiful views and beautiful nature, real estate can be bought as an investment.

The most expensive capital in Albania is Tirana — the cost per square meter here can vary from $1,000 to $2,000.

On the coast, one can find some of the cheapest houses and apartments in Europe. In the city of Saranda, you can "pick up" an apartment with a seaview for less than $1,000 per square meter.

Portugal. Prices from $500

Although real estate prices in Portugal have risen in recent decades, most of the price fluctuations have only been recorded in major cities such as Lisbon, Porto, and the Algarve. One can still find budget-friendly proposals in other provinces.

In Bragança or Castelo Branco, along the Spanish border, houses are available for under $500 per square meter. Often the price includes a beautiful garden and a terrace.

What about Ukraine?

By the way, despite the war, the Check in Price portal also mentioned Ukraine as one of the most underestimated countries in Europe in terms of the cost of living, entertainment, food establishments and, of course, buying real estate.

According to the portal, in addition to the rather expensive capital, the country offers a variety of types of places where one can potentially buy a cheap house or apartment. Ukraine offers great options if you want to live in a big city like Kharkiv or Lviv that have good transport infrastructure, fast trains, and international airports.

An apartment in the center of one of these cities usually costs about $1,000 per square meter. If you move further from the center, you can find a lot of offers from $500 to $600. There are also a lot of medium-sized cities and a lot of picturesque towns in the Carpathians, where one can move to live.

In most regions of Ukraine, one can find inexpensive presentable houses at prices ranging from $10,000 to $20,000.