EARN MONEY! Investing in Real Estate in Europe: Top Tips for Expats

EARN MONEY! Investing in Real Estate in Europe: Top Tips for Expats

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Welcome to “Travels to Europe”, your ultimate guide to finding the best deals on cheap real estate in Europe. Are you looking to invest in property in Europe but not sure where to start? Well, you’ve come to the right place! In this article, we’ll be sharing with you the best websites for finding cheap real estate in Europe and all the things you need to consider before making a purchase.

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What to take care of when buying a house?

Let’s start with some basic precautions you should take before buying a house in Europe. Firstly, make sure you do your research on the European housing regulations. Each country has its own unique set of rules and regulations, so it’s important to know what you’re getting into before making a purchase. Additionally, be aware of the extra expenses involved in buying a house, such as property taxes, insurance, and maintenance costs.

Avoid big cities if you want to save money

When it comes to finding the best spots to buy in Europe, there are plenty of great options. Avoid talking about cliché cities like Paris and London, and instead focus on less popular but equally beautiful destinations. For example, Portugal is a great option for those looking for a sunny beachfront property without breaking the bank. The Algarve region, in particular, has some great deals on cheap beachfront property in Europe.

But while Portugal may seem like a great place to buy, it’s important to be careful. Portugal has recently become a popular destination for foreign buyers, which means the market is highly competitive. Prices have increased in recent years, so you’ll need to be prepared to pay a bit more for a good property. In addition, be aware of the different taxes and fees involved in buying a property in Portugal, such as stamp duty and notary fees.

Now let’s take a look at some of the best places to buy in Europe. We’ve already mentioned Portugal, but there are plenty of other great options to choose from. Spain, for example, offers a wide range of properties at affordable prices, particularly in the coastal regions. Italy is another great option, with beautiful properties in Tuscany and Umbria available for under 50k.

But it’s not just about finding cheap real estate in Europe. It’s also important to consider the potential for return on investment. If you’re buying a property for investment purposes, you’ll want to make sure you’re investing in an area with good growth potential. Look for areas with strong tourism industries or growing economies, as these are more likely to provide a good return on your investment.

When it comes to finding the best deals on real estate in Europe, there are plenty of great websites to choose from. Zillow Europe is a popular choice, as it offers a wide range of properties in various countries across Europe. But there are also plenty of other great options, such as Idealista, Kyero, and Rightmove.

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Average price per Square Meter

RegionAverage Price per Square MeterAverage Price of a 100 Square Meter House
Berlin€5,700€570,000
Lisbon€3,500€350,000
Madrid€2,656€265,600
France(Centre)€2,731€273,100
Krakow€1,900€190,000
Riga€1,400€140,000

It’s important to note that these prices are just averages and can vary greatly depending on the specific location and condition of the property. Additionally, it’s always wise to consult with a real estate professional when buying a property in a foreign country to ensure that all regulations and legal requirements are being met.

One country that may be overlooked by many investors is Portugal. While not the cheapest country in Europe, it offers a good standard of living and good economy, making it an attractive option for those looking to invest in property. The average price per square meter in Portugal may vary according the region,  is around €1000 up to €4000, making it one of the most interesting on our list. However, outside of Lisbon or Porto the prices can be significantly lower. For example, you can find very good opportunities on real estate in Portugal for the simples bargain of €30,000, a land in rural area or a old house to renovate.

Another factor to consider when investing in European real estate is the housing regulations in each country. While some countries may have lax regulations that allow for easy investment opportunities, others may have stricter regulations that require more paperwork and bureaucracy. It’s important to research the regulations in each country before making a purchase to ensure that you’re following all the necessary steps.

In conclusion, there are many options available for those looking to invest in European real estate. By researching different websites, locations, and prices, investors can find cheap and attractive properties throughout the continent. However, it’s important to do your due diligence and consult with a real estate professional to ensure that you’re making a sound investment. With the right research and guidance, investing in European real estate can be a profitable and rewarding experience.

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