Looking for a dreamhouse at the beach in Europe? Ireland may be far from the continent, but that doesn’t mean you can’t have a piece of European paradise. With the right research and planning, it’s possible to find a beautiful beachfront property at a price that won’t break the bank. In this article, we’ll guide Irish citizens looking for a house for sale on the beach in Europe, sharing the best regions to find cheap beach properties and tips for buying real estate abroad.
Beach houses are a hot commodity in Europe, particularly in Southern countries like Spain, Portugal, and Italy. If you’re looking for the cheapest property in Europe, however, you’ll want to focus your search on less popular regions. For instance, Romania, Bulgaria, and Croatia offer beautiful coastlines and a lower cost of living compared to Western European countries. Here are some top regions to consider when searching for a house for sale on the beach in Europe:
- Northern Portugal is a great country for Irish citizens to buy property, due to the shared language and affordable prices. While the southern Algarve region is popular among tourists and expats, it’s also expensive. For a more affordable option, consider the Northern coast of Portugal. The beaches in this region are less crowded, and you can find great deals on properties in cities like Porto or Viana do Castelo.
- Bulgaria has emerged as a popular destination for budget-conscious beachgoers. The Black Sea coast offers miles of sandy beaches, and the cost of living is much lower than in Western Europe. Popular beach resorts include Sunny Beach and Golden Sands, and you can find cheap apartments and villas for sale in these areas.
- Croatia has become a favorite among Europeans for its stunning coastline and clear waters. While Dubrovnik and Split are expensive, there are affordable options in lesser-known areas like the Istrian Peninsula or the island of Krk. The property market in Croatia is still recovering from the 2008 recession, making it a good time to buy real estate at a lower price.
- Romania is one of the most affordable countries in Europe, and it has a long Black Sea coastline with plenty of hidden gems. The city of Constanta is the largest on the coast, and it has several beaches and marinas. Mamaia is a popular resort town with a vibrant nightlife, while Eforie Nord is a quieter option for families. You can find apartments and houses for sale in these areas for a fraction of the price of similar properties in Western Europe.
When searching for a beachfront property, you’ll want to consider a few key factors. First, think about the type of beach experience you want. Do you prefer a lively resort town with plenty of restaurants and bars, or a quiet cove with just a few neighbors? Think about the climate as well – while Southern Europe is known for its sunny beaches, the northern coastlines can be chilly and windy. Finally, consider the accessibility – will you need to fly into a major city and rent a car, or can you take a train or bus to your destination?
Once you’ve narrowed down your search, it’s time to start looking for houses for sale on the beach. There are several online resources that can help you find properties, such as local real estate agents, property portals, and classified ads. If you’re not fluent in the local language, it’s a good idea to work with a bilingual agent who can help you navigate the buying process.
When it comes to buying real estate abroad, there are several precautions you should take to ensure a smooth transaction. First, make sure you have a clear understanding of the local laws and regulations.
What is the average wage of an Irish?
The average weekly wage in Ireland, updated to the fourth quarter of 2022 goes around €900/week, it means around €3875,21 monthly. The average hourly earnigs for high skilled jobs is around €27,72/h.
Since the last quarter of 2022 (4Q/2022) the average annual income had a growth of 4,2%. For low skilled works, the monthly wage is around €2,200/month.
This discrepancy of income gives a big advantage over other countries when talking about house buying or real estate investments. When an irish is seeking to invest in countries like Portugal, Spain, Italy and some countries on the Eastern Europe, where the annual wage is way lower than Ireland, it brings a big financial advantage that allows them to look for best opportunities.
What are the advantages of an Irish buying a house in Europe?
One advantage is that Irish wages and employment rates are reportedly increasing, making it more feasible for some people to consider purchasing property [Research]. However, it is worth noting that the average annual wage in Ireland is around €40,000, which may impact affordability when considering property abroad.
Another potential advantage is that purchasing property in Europe may provide an opportunity for investment and potential return on investment. For example, some areas in Portugal are known for their relatively low property prices and high rental demand, making them attractive options for investors looking to buy and rent out properties [Research]. Additionally, buying property in popular tourist destinations can also provide a source of income through vacation rentals.
Why would an Irish person buy a house in Europe?
The beautiful landscapes of Europe
There are many reasons why an Irish person might consider buying a house in Europe abroad. One of the biggest factors is the desire for a change of scenery or a new adventure. Europe is home to many beautiful and unique locations that are different from anything that can be found in Ireland. Whether it’s a beachfront property in the south of France or a rustic cottage in the Italian countryside, owning a property in Europe can offer a chance to explore new cultures and landscapes.
The potential for investment
Another reason why an Irish person might consider buying a house in Europe is the potential for investment. As property prices in Ireland continue to rise, it can be challenging for first-time buyers to get a foot on the property ladder. However, there are many countries in Europe where property prices are more affordable. By investing in a property in Europe, an Irish person can build their portfolio and potentially see a return on their investment.
Escape the cloudy weather in Ireland
In addition to the potential for investment, there are also practical reasons why an Irish person might consider buying a house in Europe. For example, many people choose to buy a holiday home in Europe as a way to escape the unpredictable Irish weather. Owning a property in a sunnier location can offer a welcome break from the rain and wind that can often dominate the Irish climate.
Finally, there is also the appeal of the lifestyle that comes with owning a property in Europe. Whether it’s the laid-back lifestyle of the Mediterranean or the historic charm of cities like Paris and Prague, there is a lot to enjoy about living in Europe. Owning a property in Europe can offer an opportunity to immerse oneself in a new culture and lifestyle, and to make lasting memories with family and friends.
In summary, there are many reasons why an Irish person might consider buying a house in Europe. From the desire for a change of scenery to the potential for investment and the practical benefits of owning a holiday home, there are many factors that can lead to this decision. Whether it’s for lifestyle reasons or as part of a long-term investment strategy, buying a property in Europe can offer a chance to explore new horizons and create lasting memories. Even the beach isn’t so warm during the summer, the water still cold.
What are the main difficulties that Irish could face abroad in Europe?
Some of the main difficulties that Irish buyers could face when purchasing a house in Europe include:
- Language barriers: Many European countries have different official languages, and it could be challenging for Irish buyers to communicate with real estate agents and other professionals.
- Cultural differences: Different countries have different customs and traditions, and it could be difficult for Irish buyers to adjust to the new culture and way of life.
- Legal requirements: Each country has its own set of laws and regulations regarding real estate transactions. It could be complicated for Irish buyers to navigate the legal system in a foreign country.
- Currency exchange rates: Irish buyers may face challenges when transferring money to purchase a property in a foreign currency. Exchange rates can be volatile, and it could be challenging to predict the best time to make a transfer.
- Distance and travel: Buying a property abroad means that Irish buyers may need to travel long distances to visit the property, attend meetings, and complete paperwork.
- Property management: Once the property is purchased, Irish buyers may need to manage the property from a distance, which can be challenging and stressful.
- Tax implications: Different countries have different tax laws, and Irish buyers may need to seek professional advice to understand the tax implications of buying a property in a foreign country.
Overall, buying a house in Europe can be a complex and challenging process for Irish buyers, and it is essential to do thorough research and seek professional advice to avoid potential difficulties.
