Easiest Countries to Buy a Property in Europe
Easiest Countries to Buy a House in Europe (Property Investment)
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00:00 What makes a country an easy choice to buy property
01:10 Easiest countries to buy Real Estate in Europe (list)
Spain
First of all, citizens of most countries can buy property in Spain pretty much unrestricted. As a matter of fact, foreigners from outside the EU can even buy land in Spain, which definitely puts the country ahead of most other European countries in terms of how restricted their property market is for foreigners, especially those from outside the European Economic Area.
Serbia
Serbia is another country that deserves a place in our list of the easiest countries to buy property in Europe.
Serbia has a number of advantages for those looking for an easy way to buy property in the country.
There are many areas in the country where property is extremely cheap, and at least one bank in Serbia offers mortgages for non-residents.
While prices per square meter in Belgrade are rather high and rental yields are low, in other parts of the country you can find more substantial bargains, even in the beautiful city of Novi Sad.
Apart from that if you buy property in Serbia you can get a residence permit just because you own a property. This might be a good option.
Portugal
The first reason behind this is that Portugal is one of the easiest countries in Europe to get a mortgage if you are neither a citizen nor a resident of the country. In that sense Portugal is very similar to Spain.
In Portugal some banks are open to giving mortgages to non-resident that have income from abroad. As a matter of fact, theoretically, you can open a bank account and get a mortgage in Portugal without ever visiting the country.
Georgia
Georgia is another country I have decided to add in the list of the Easiest countries to buy real estate in Europe.
As a matter of fact, Georgia has been one of the top countries in the ease of doing business ranking index by the World Bank. So it really comes as no surprise to see that Georgia is also one of the easiest countries to buy a property abroad.
Some banks in Georgia will grant mortgages to non-residents, which is an advantage of very few countries in Europe as you will probably find out if you research more on this matters. Some property developers will also offer deals in Georgia, allowing you to buy a property in the country off-plan.
Turkey
Turkey or Turkiye (the new official country name) is another country that is extremely open for foreign investment, and that also applies to individuals who want to buy property in the country.
Turkey really has a great package of advantages when it comes to buying real estate in the country. From property prices to financing, and from getting a residence permit to even Turkish citizenship, all options are on the table if you want to invest in Turkey.
Property prices in Turkey are more affordable than most other countries in Europe. However, properties in Turkey are not necessarily inferior than in countries with higher price tags. Turkey has some of the most scenic landscapes in Europe and Asia, and although building quality varies, it can also be very good in some areas or projects.
Another advantage is that non-resident foreigners might be able to get a mortgage from some Turkish banks, making the process of acquiring property in the country easier than in countries where this option is not available.
Greece
I personally consider Greece an underrated country, especially among real estate investors looking to get a golden visa in Europe. Let me tell you why.
Greece is a good contenter to let’s say Portugal: it has amazing beaches, great cuisine, people are friendly, and the weather is good during most part of the year. Just like Portugal, Greece is a full European Union member, part of the Schengen area and uses the euro as its currency. Somehow, people are not that interested in Greece. Maybe the taxes play a role here, but, this will only affect you depending on your type of income.
But the truth is, real estate in Greece is cheaper than Portugal. If you compare Athens and Lisbon, Athens is way cheaper. Do you want to compare smaller cities in both countries, they will also be cheaper in Greece. Rural properties? Probably cheaper in Greece.
Italy
Believe it or not we are going to finish our list today with Italy. While Italy is for most cases a complicated country when it comes to anything that can be slightly bureaucratic, the case for buying property real estate in the country is quite the opposite.
ct you will have to invest much more than one euro to get one of these properties.
