Where in the World Can You Buy an Apartment for €30,000? We Found 5 Options Around the Globe
Real estate for €30,000 always implies some kind of compromise: renovation state, location, surface area, etc. But in any case, these are properties that can be considered both as investments and as places to live — the main question is finding the right option for you. Architect Anton Garustovich found 5 apartments in different parts of the world on the Realting.com platform that can be bought for €30,000 or less (there are also cheaper options). Would you live in such a place?
An apartment in Sicily for €30,000
The first country to which Anton Garustovich directed his attention was Italy. According to him, many regions of this country are ideal for taking a sabbatical — a long vacation to combat burnout at work. However, there are also some “pitfalls” where real estate for 1 euro turns into the sinking of several hundred thousand, as most of these properties require restoration works.
— Italy is a beautiful sunny country that invites you to rest and lead a moderate lifestyle. I immediately began looking for real estate worth up to €30,000 in Sicily, as that is where you can move from any country to take a year-long sabbatical. And Sicilia is a completely separate island with its own history, specifics, and its own “rules of the game” in the real estate industry.
I would consider the buying an apartment in Sicily for seaside vacations in the summer. Such housing in this region is especially suitable for those who want to take a break from work and from communicating with people. There are practically no hangout spots here, but the nature is stunning and you will be able to get to the coast as fast as possible.
— What you get for your money is actually crystal clear in this case — these are unique emotions that you can’t find anywhere else, as the place is incredibly beautiful.
An apartment in Bulgaria for €24,000
— I would consider Bulgaria for investment at least because it is a member of the EU, and from April 1, 2024, it will start issuing Schengen visas (as well as Romania).
In the Bulgarian town of Nessebar, there is an apartment for sale with an area of 28 “squares.” This object has many advantages: six swimming pools, a tennis court, a restaurant, and a supermarket; moreover, the beach is 3 kilometers away from here.
In addition, I would consider purchasing real estate in Bulgaria because this country has fascinating destinations nearby: for example, Montenegro, Romania, Serbia, Greece, and Turkey.
You can live in this apartment all year round or visit during vacations. Also, as an option, you can buy this object for rent — it will not be difficult to find tenants, in my opinion.
A studio in Lithuania for €22,000
— Vilnius has now become one of the main business centers in Europe, where many offices of international companies are located. Lithuanians are now intensively developing infrastructure for business, building business centers, opening office spaces. That is why, by buying real estate in Lithuania now, you will practically open a “window to Europe.”
— Such a rapid development of the situation, of course, was reflected in the cost of a square meter in the Lithuanian real estate market. I found an interesting offer for just over €22,000, but you have to take into account that the meterage of the apartment is quite small — 11 square meters. But it is in a new building and has a good renovation.
Such a purchase is a good investment, in my opinion, because the value of this apartment will increase, and then the room can be at least sold for the same money (and maybe even more expensive).
An apartment in Latvia for €29,000
— A very nice apartment is for sale in Riga, the capital of Latvia for €33,000, and this is advantageous for other kinds of business: the maritime industry, logistics, and tourism are relevant here. And you don’t even need to have a remote job — it will be possible to find a job on the spot, as Riga is some kind of «staging post» on the way to Sweden and the entire Baltic Sea.
I have quite a few business acquaintances who live in Latvia and consider this country the best place to live.
This apartment has been excellently renovated, it is completely ready to move in. The house is located in proximity to the historic center of the city; there is also a park, a shopping center, areas for sports and a playground nearby.
In general, Riga is a very beautiful city with unique architecture.
An apartment in Georgia for €24,000
— Georgia is the discovery of the year. A lot of specialists from different fields who have the opportunity to work remotely have moved to Tbilisi for permanent residence. A pleasant climate, relatively low prices, stunning nature — this is why they go to Georgia.
Right now, it is possible to buy new buildings on Batumi's coast at quite democratic prices — in the range of 25,000-30,000 euros, among others. This is a great option for investment because Batumi resorts are highly popular now, and this trend, I think, will continue in the coming years.
Now, housing in Georgia is being built at a furious pace, and real estate appears in whole complexes. This is convenient, because there is an opportunity to buy a new building “turnkey”: with repair or organization of repair, a beautiful adjacent territory, and underground parking lots. If desired, the developer will even provide support for this object — will make repairs, with furnishing (for what there is enough money left), will advertise the object and find tenants.
You can find a property for €30,000 in almost any country in the world. If you clearly understand your purpose when buying an apartment or a house, then you will be able to find the desired property on the Realting.com platform in a matter of days.
