Euro-valued real estate is a better idea than ever before to diversify your portfolio. The euro has gained almost par value with the American dollar, providing U.S. nationals with the power to invest in and purchase land and property in different parts of Europe since 2003. The burst housing bubble policy in Spain has caused quite a lot of disastrous effects on the Spanish economy. Greece is going through a similar problem right now, but in the meantime, other markets across the continent are rebounding from financial losses related to the real estate business. Two very prominent examples are Portugal and Ireland.
The dollar is close to par with the euro, providing U.S. dollar-holders with more purchasing power than they’ve had in euro-land since 2003. Spain continues to suffer the disastrous effects of its burst housing bubble, and everyone’s aware of the ongoing crisis in Greece. Meantime, other markets in the region are rebounding. That being said here are some of the cheapest places to invest in real estate business in Europe.
One of the most affordable spots in Europe to buy land, Abruzzo is one of the best places to look for if you are looking for a place to settle down after retirement. The area is sparingly populated and is the place where the south and central part of Italy meet. It is almost as picturesque as Umbria or Tuscany but less discovered because of it being in a middle way between two important places. It is possible to get an apartment in a good location with the view of the mountains and coastline for prices as low as 1105 dollars per square metre. Habitable small houses can be purchased for as little as 50000 dollars.
Located on the Istrian Peninsula of Croatia, Istria has one of the most affordable places to buy housing and real estate, with prices as low as 1313 dollars per square meter. Istria is such a beautiful country with meadows, vineyards, olive gardens and bordering the Adriatic Sea that the ancient Romans built several structures there to magnify its beauty.
Slightly more expensive, but worth every penny, Valletta is situated in the three island nation of Malta. A first world jewel surrounded by the Meditteraninan sea, this small nation is a member of the European Union, which means that almost everyone speaks English in the country. The place is as close to a complete package you can get. The health care at Valletta is exceptional, and the people there are always welcoming, with cultures and traditions distinct to the island country. You can get a house there for prices as low as 1320 dollars per square meter on average.