Are you dreaming of owning a home without breaking the bank? You’re in luck! The world is filled with affordable housing options that make it possible to buy your dream property at surprisingly low prices. In 2024, several countries stand out as the cheapest places to buy a house.
Whether looking for a cosy retreat or an investment opportunity, these destinations offer incredible value and unique lifestyles. From picturesque rural settings to vibrant urban centres, there’s something for everyone on this list. Let’s dive into the top ten cheapest countries where you can turn your homeownership dreams into reality!
Cheapest Countries to Buy a House
1. Ukraine
Ukraine stands out as one of the most affordable countries in which to buy a home, with prices ranging from £16,000 to £48,000. The current real estate market offers local and international buyers fantastic opportunities.
Key areas such as Lviv and Kharkiv showcase stunning architecture and rich cultural heritage. Lviv is known for its charming cobblestone streets and vibrant arts scene, while Kharkiv boasts impressive parks and modern amenities.
Beyond the cities, rural areas have even lower prices and serene landscapes. Buying property here opens doors to potential investments and allows you to immerse yourself in Ukraine’s unique lifestyle. With various options available at unbeatable rates, it’s no wonder buyers are drawn to this Eastern European gem.
2. Bulgaria
Bulgaria is one of the cheapest countries to buy a house, with prices ranging from £24,000 to £48,000. The country offers a rich history combined with stunning landscapes that attract many buyers seeking affordable real estate.
Varna is known for its beautiful Black Sea coastline and vibrant nightlife. It’s an ideal location for those looking for both relaxation and entertainment. Plovdiv, famous for its ancient Roman ruins, provides a unique blend of culture and modern living. This city has been recognized as one of Europe’s oldest continuously inhabited cities.
For mountain lovers, Bansko offers charming properties at reasonable prices. With excellent skiing facilities in winter and lush hiking trails during summer, it appeals to outdoor enthusiasts year-round. Bulgaria’s affordability, coupled with diverse attractions, makes it an appealing choice for homebuyers.
3. Serbia
Serbia offers an enticing option for those seeking affordable real estate. With property prices ranging from £24,000 to £56,000, it’s one of the cheapest countries to buy a house in 2024. The cost-effective housing market is appealing to many investors and homebuyers alike.
Novi Sad stands out as a vibrant city known for its rich cultural heritage and lively festivals. It offers modern amenities alongside historical architecture, making it a desirable location for both locals and expatriates.
Niš also presents opportunities with its unique blend of history and growth potential. For those looking beyond urban centres, rural areas provide even lower price points while offering picturesque landscapes and tranquil living environments.
4. Romania
Romania offers attractive property prices, making it one of the cheapest countries to buy a house. With budgets ranging from £24,000 to £56,000, buyers can find diverse options across urban and rural settings.
Cluj-Napoca is a vibrant city known for its thriving tech scene and rich culture. It appeals to young professionals and families alike. Here, you can discover affordable apartments and charming houses that embody local character.
Timișoara is another key area worth considering. Its historical architecture blends seamlessly with modern amenities. For those seeking tranquillity, various rural areas in Romania boast picturesque landscapes where land is available at surprisingly low prices. This combination of affordability and beauty makes Romania an enticing choice for homebuyers looking for value.
5. Colombia
Colombia is rapidly gaining attention as one of the cheapest countries to buy a house in 2024. With property prices ranging from £32,000 to £72,000, it offers an attractive option for budget-conscious buyers. The vibrant culture and diverse landscapes make living here an enticing prospect.
Medellín stands out with its pleasant climate and innovative urban transformation. It’s known for its affordability compared to other major cities globally. Bucaramanga provides a more laid-back atmosphere while still maintaining modern amenities and growth opportunities.
Some parts of Bogota also offer affordable housing options amid its bustling city life. Each area has unique charms, whether you prefer the energy of a big city or the tranquillity of smaller towns. Colombia truly presents exciting possibilities for potential homeowners looking to stretch their budgets further.
6. Turkey
Turkey offers a compelling real estate market with prices ranging from £40,000 to £80,000. This affordability attracts both investors and expats looking for a new lifestyle in a vibrant country.
Antalya is particularly popular due to its stunning Mediterranean coastline, historic sites, and lively atmosphere. The city boasts beautiful beaches and ample entertainment options, making it an ideal spot for those seeking relaxation or adventure.
Izmir presents another attractive option. Known for its rich culture and modern amenities, this port city balances urban life with scenic landscapes. Parts of Istanbul also offer affordable housing; though the city is bustling, some neighbourhoods remain budget-friendly while providing easy access to all that this iconic metropolis has to offer.
7. Philippines
The Philippines offers a vibrant lifestyle combined with affordability, making it an attractive option for homebuyers. With prices ranging from £40,000 to £80,000, there are plenty of choices across various regions. Davao is known for its lush landscapes and low crime rates, providing a serene environment.
Cebu boasts beautiful beaches and a growing urban landscape. This central hub has become increasingly popular due to its blend of modern amenities and rich cultural heritage. Investing here not only means securing property but also enjoying the dynamic local lifestyle.
Parts of Luzon present even more opportunities for budget-conscious buyers. The charm of rural areas and suburban developments provides family-friendly environments at competitive prices. Whether seeking relaxation or adventure, the Philippines caters to diverse preferences while remaining one of the cheapest countries to buy a house.
8. Mexico
Mexico presents an attractive option for those seeking affordable real estate. Prices range from £48,000 to £96,000, making it accessible for many buyers.
The Yucatán Peninsula is a popular location known for its stunning beaches and rich history. Areas like Mérida offer vibrant culture and a low cost of living, appealing to expats and retirees alike.
Chiapas features lush landscapes, charming towns, and some of the cheapest properties in the country. Additionally, parts of Guadalajara are gaining attention due to their modern amenities combined with traditional Mexican charm. Investing in Mexico provides not only potential financial benefits but also an enriched lifestyle amidst diverse cultures and breathtaking scenery.
9. Spain
Spain offers an attractive opportunity for those seeking affordable homes in Europe. With prices ranging from £64,000 to £120,000, it stands out as one of the cheapest places to buy a house. The allure of Spain lies not just in its affordability but also in its vibrant culture and stunning landscapes.
Key areas like Andalusia are famous for their sun-soaked beaches and rich history. Towns such as Granada and Málaga provide charm alongside modern amenities. Meanwhile, Murcia features lush farmland and is known for its relaxed lifestyle.
Valencia, with its beautiful coastline and lively arts scene, beckons buyers looking for both urban energy and seaside relaxation. Whether you prefer a tranquil village or a bustling city atmosphere, Spain has something to offer every homebuyer on a budget.
10. Portugal
Portugal stands out as a desirable destination for property buyers in 2024. With house prices ranging from £80,000 to £120,000, it offers attractive options for those seeking value in real estate. The Algarve region is particularly popular due to its stunning coastline and warm climate.
The Alentejo region presents another appealing choice with its picturesque landscapes and charming villages. This area boasts affordable properties that are perfect for anyone looking to escape the busy city life while still enjoying modern amenities.
In Lisbon and Porto, you can find hidden gems within this price range, too. Both cities offer vibrant culture, rich history, and great food scenes that appeal to many expats and investors alike. Whether you’re hunting for a vacation home or an investment property, Portugal has plenty of opportunities waiting for you.
Here is a table summarizing the top 10 cheapest countries to buy a house in 2024:
| Rank | Country | Average House Price (£) | Key Areas | Highlights |
|---|---|---|---|---|
| 1 | Ukraine | £16,000 – £48,000 | Lviv, Kharkiv | Rich cultural heritage, charming architecture, serene rural areas |
| 2 | Bulgaria | £24,000 – £48,000 | Varna, Plovdiv, Bansko | Black Sea coastline, ancient Roman ruins, skiing, and hiking |
| 3 | Serbia | £24,000 – £56,000 | Novi Sad, Niš | Vibrant culture, lively festivals, historical architecture |
| 4 | Romania | £24,000 – £56,000 | Cluj-Napoca, Timișoara | Thriving tech scene, historical architecture, picturesque rural areas |
| 5 | Colombia | £32,000 – £72,000 | Medellín, Bucaramanga, parts of Bogota | Pleasant climate, innovative urban transformation, diverse landscapes |
| 6 | Turkey | £40,000 – £80,000 | Antalya, Izmir, parts of Istanbul | Mediterranean coastline, historic sites, modern amenities |
| 7 | Philippines | £40,000 – £80,000 | Davao, Cebu, parts of Luzon | Lush landscapes, beautiful beaches, growing urban areas |
| 8 | Mexico | £48,000 – £96,000 | Yucatán Peninsula, Chiapas, Guadalajara | Stunning beaches, rich history, modern amenities |
| 9 | Spain | £64,000 – £120,000 | Andalusia, Granada, Málaga, Murcia, Valencia | Sun-soaked beaches, rich history, relaxed lifestyle |
| 10 | Portugal | £80,000 – £120,000 | Algarve, Alentejo, Lisbon, Porto | Stunning coastline, picturesque landscapes, vibrant cities |
Conclusion
The prospect of owning a home in a foreign country can be both exciting and daunting. However, the countries listed above offer some of the most affordable options for those looking to buy property without breaking the bank. From Eastern Europe to South America, these locations provide diverse cultures, stunning landscapes, and vibrant communities.
Whether you’re seeking an investment opportunity or a new place to call home, exploring these cheapest countries to buy a house could lead you to your dream property. Each destination boasts unique charms that cater to various lifestyles—whether you prefer bustling cities or tranquil rural settings.
As 2024 approaches, now might be the perfect time to consider making your move abroad. With costs as low as £16,000 in Ukraine and up to £120,000 in Portugal and Spain, there’s something for every budget. Embrace this chance not only for financial freedom but also for enriching life experiences that come with living in another country. Happy house hunting!
FAQ
Is it safe to buy property in these countries?
Safety varies by region. It’s important to conduct thorough research on local conditions and consult with local real estate experts or expats living in the area to gain insights into safety and community dynamics.
What types of properties are available?
These countries offer a range of property types including urban apartments, rural houses, beachside villas, and investment opportunities. Each key area has unique offerings catering to different preferences and budgets.
How can I start the process of buying a house in another country?
Begin with researching your desired location, understanding local real estate laws, working with a real estate agent familiar with foreign buyers, and evaluating your budget. It is also advisable to visit the area before committing to a purchase.
Where can I find more detailed information about these countries?
Resources include local real estate websites, expat forums, international property expos, and travel guides. Additionally, seeking advice from real estate professionals and local government websites can provide valuable insights.
