Global Playboy
  • Travel
  • Work & Money
  • Lifestyle
  • Health & Fitness
  • Technology
  • Reviews
Facebook Twitter Instagram
Global Playboy
  • Travel

    The Complete Guide to Planning Vacations in Africa: Everything to Know

    26th January 2023

    The 9 Best Indian Road Trip Ideas

    25th November 2022

    What to Do in Hawaii: First Time Visitors Guide

    23rd November 2022

    10 Cheapest Countries To Visit in Europe

    19th November 2022

    What are the Awesome Benefits of Traveling?

    10th November 2022
  • Work and Money

    Do People Still Use Business Cards?

    1st February 2023

    The Justin Welsh Linkedin OS Course: Honest Review

    24th January 2023

    6 Ways To Generate B2B Leads on Linkedin For Free

    24th January 2023

    Is a Personal Training Career Worth it in 2023?

    23rd January 2023

    The Benefits of Being A Grocery Driver (and How to Become One)

    22nd January 2023
  • Lifestyle

    12 Romantic Cocktails for Valentine’s Day

    29th January 2023

    5 Tips To Consider When Renovating Your Home

    27th January 2023

    Eight Interior Design Tips for Your Apartment

    27th January 2023

    5 Tips for Self-Improvement

    11th January 2023

    What is Manscaping and How Can You Do It Properly?

    22nd December 2022
  • Health & Fitness

    What to Do If Your Pet is Having a Medical Emergency

    8th February 2023

    Is a Personal Training Career Worth it in 2023?

    23rd January 2023

    7 Goals to Set to Better Yourself This Year

    20th January 2023

    Rise to the Top: A Guide to Becoming a Fitness Influencer

    17th January 2023

    5 Tips for Self-Improvement

    11th January 2023
  • Technology

    5 Undeniable Benefits of Solar Watches

    21st January 2023

    What Can I Use Chat GPT For?

    17th January 2023

    Is Solar Panel Installation Right for You?

    12th January 2023

    How To Send a Connection Request On Linkedin That Doesn’t Suck

    30th December 2022

    Get Paid & Learn To Code? The Best Job Options For New Programmers

    20th October 2022
  • Reviews

    The Justin Welsh Linkedin OS Course: Honest Review

    24th January 2023

    Dalwhinnie 15 Year Old Scotch Whisky Review

    21st December 2022

    Gomatic Travel Pack Review: Best Digital Nomad Backpack?

    26th September 2022

    “Outrunning Fear” by Christine Glory

    16th August 2022

    Old Salt Rum Review: Made In England!

    25th January 2022
Twitter Instagram LinkedIn RSS
SUBSCRIBE
Global Playboy
Twitter Instagram LinkedIn
Home»Life & Style»Where Can You Buy Cheap Investment Property Around the World?
Life & Style

Where Can You Buy Cheap Investment Property Around the World?

Oli LynchBy Oli Lynch4th September 2022Updated:17th October 20221 Comment8 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit WhatsApp Email
Where can you buy the best value investment property around the world

Real estate. Your dad always told you to buy bricks and mortar right? But now the price of property around the world has gone, for want of a better word, fucking nuts. How can you afford to buy a place of your own? Even if you make a relatively good wage, you’re probably looking at house prices near you and thinking, WTF.

Well, if you want to invest in property for cheap, especially with the long term plan to do it up and resell it one day, there are many places you can still get on the property ladder.

Some of these may require some investment in terms of rebuilding and renovating. Others might even need you to move to a new country. But if you’re flexible and you are ready to take a chance, these could be a great real estate investment.

These are our top picks for cheap investment property around the world.

1. Italy’s €1 Houses

You may have seen the headlines about houses for sale in Italy and wondered what’s the catch? Well, although it’s not quite as simple as handing over €1 for a ready to live in house (most of them really aren’t), this is actually a realistic option still.

A village in Sicily, Italy where cheap investment property can be found for 1 euro

Many communities across Italy, especially in the rural south and Sicily, have seen a drain of young people. So many of these pretty villages are in decline, with abandoned property everywhere. As a result, local mayors have taken the issue into their own hands and offer these incredibly cheap investment property to anyone willing to take a chance and move to rural Italy.

The truth is, many of the *really* cheap properties are in serious need of repair – like you’d be better off buying a house in better condition.

Investors may also need to commit to complete certain works, or a certain level of investment, within a specific time frame. But that being said, if you have a spare €20,000 or €30,000 and the drive to move to rural Italy, this might be a great opportunity for you.

Read more about Italy’s one euro house phenomenon here.

2. Bulgaria

Another country that has seen a huge drain of locals is Bulgaria. And, like Italy, there are low cost houses waiting to be snapped up by wily investors looking for a cheap investment property.

Cheap investment properties in Bulgaria can be some of the cheapest anywhere in the world

The issue is that many of these are also very rural, and often a long way from somewhere you might actually want to live. Bulgaria is a relatively big country with a small population (just under 7 million). But if you are dreaming of that rural life in a big house in the European Union, you’ll find property for sale for under €5,000 – and yes you could move in there tomorrow.

Bulgaria is also a fascinating country, bridging the east and west. The country boasts mountains, forests, sunny beaches, ski resorts and some lively culture.

Getting residency to live in your Bulgarian property might be another issue. If you’re not an EU citizen you will need to find a visa that allows you to relocate – or if you prefer to just buy and rent out, why not try that instead?

3. Spain and Portugal

Sorry to lump Spain and Portugal under the same heading, but… The Iberian peninsula does offer some incredible deals on cheap investment property. But again you need to be prepared to probably move to the middle of nowhere and invest in doing a property up.

Having said that, you can actually find relatively affordable apartments in suburbs and villages a stones throw from major cities like Valencia, Porto, Malaga and Faro. Think: €20,000 for a 2 bedroom apartment in serious need of renovations about an hour from Valencia…. Shop around on sites like Idealista.es or Idealista.pt.

But if you’re looking for cheap investment property in some of the most desirable countries to live in the world, look no further.

4. Ghana

As one of the fastest growing economies on the planet, Ghana makes sense from a cheap investment property perspective. Not only that, Ghana is one of Africa’s most stable democracies, and is fast becoming a focus for global investors thanks to it’s open and welcoming policies for foreigners.

So what about property? Well, you can grab a pretty nice 2 bed apartment in suburbs close to Kumasi or Accra for around $1000, all in. Realistically, you’re going to be spending closer to $50,000 for something in an area where you might feel safer and closer to a big city.

5. Northern England and Wales

Hang on, is the UK really a wise investment destination? And can you really get cheap property in England and Wales?

Well actually, relatively, yes you can.

Wales in particular offers some great opportunities for low priced investment properties. You might live in an ex-mining town that has seen better days, but Wales is actually a beautiful and culturally vibrant country.

Parts of Northern England such as Teeside, Yorkshire (Hull in particular) and Cumbria also offer incredibly well priced property for real estate investors. You can actually buy a house in these parts of the UK for well under £100,000.

In fact, you get a decent apartment in Liverpool, one of the UK’s most culturally vibrant cities, for well under £100,000 – take a look.

Is that good value? Well, considering that the UK does remain one of the strongest economies on the planet and any property in the country is probably well connected to London or the other UK centres, then yes…

Liverpool in England where you can still buy bargain property for investment

6. Brazil

Want a beachfront apartment? Or a luxury pad in a vibrant city? Brazil is actually a very enticing offer, with a lot of opportunities to invest in cheap property.

Despite well publicised issues with security, Brazil offers an incredible opportunity to work life balance and great weather. It’s also one of the world’s more vibrant countries, with carnival a well known national celebration.

On top of this, Brazil is hotly tipped to become one of the dominant global economies. So if you want to get in before the rest of the world wakes up to this cheap real estate hotspot, take a look now.

Look at cities like Curitiba, Florianapolis, Recife and Porto Alegre for your cheap investment property.

7. Mexico

Another latin American country with a mixed bag of a reputation. But despite the negative press, there is no doubting the fact that the lifestyle for expats in Mexico is an enviable one. And, if you’re looking for a low cost of living, plus the opportunity to buy some premium real estate for cheap then you should take Mexico seriously.

For the most part, cities such as Playa del Carmen, and most of Quintana Roo (the Tulum/Cancun side) are pretty safe – by Mexican standards. Neighbouring Yucatan is also relatively unaffected by the narco violence which seems to affect the north and west coast more. That said, it’s also the more expensive side of Mexican real estate thanks to the expat population around these parts.

Search around cities such as Merida, Guanajuato, Puerto Vallarta and San Miguel de Allende.

8. Kenya

Heading back to Africa, and if you’re looking at up and coming economies then Kenya needs to be on your radar. As another of Africa’s tech hotspots, and with a rapidly developing local economy, property in Kenya could be a good investment in the coming years.

Nairobi and Mombasa both offer a great lifestyle, and incredibly cheap property too. Mombasa obviously offers that potential for a sea front lifestyle, whereas Nairobi is much more business oriented as the country’s capital and financial hub.

That said, Kenya isn’t the cheapest place on this list. A property in a gated community will likely set you back at least $100,000.

9. Malaysia

If you’ve always dreamed of owning land in Asia, well… The bad news is that most countries make it quite difficult for foreigners to buy property. The good news? Not in Malaysia. One of the regions most booming economies and a buzzing cultural hotspot, Malaysia is one of the easiest places to buy investment property in Asia.

Georgetown in Penang is a thriving cultural hub, where you can grab an apartment for under $70,000. Kuala Lumpur, the capital and financial hub, is a little more expensive, although you can pick up something in the suburbs for around the $100,000 mark.

Look to smaller cities such as Ipoh, Johor or Kuching for the best value for your investment property.

10. UAE/Dubai

As the world’s global city, Dubai is obviously keen to attract investors from around the world. Think that it’s all millionaires and celebrities? You’d be wrong… You can actually pick up a very reasonably priced property in Dubai if you know where to look.

As Dubai has created so much investment property, the price can actually be very tempting. We’re talking under $70,000 for an apartment in Dubai International City or Liwan, although both of these locations are not the most glamourous image of Dubai.

Want to live in the Marina, the Palm or somewhere closer to the waterfront? Well, we spotted property for around AED420,000 (about $115,000). In short, yes you can find your dream property in Dubai for a dream price… Still!

The final word

If you’re buying property as an investment in a foreign country, make sure to do your own research about the rules and regulations for foreigners. There can be a lot of red tape that trips you up, so due your due diligence….

Check out our tips for investment and money right here on Global Playboy.

Related

Oli Lynch
  • Website
  • Twitter
  • LinkedIn

Freelance content manager and CEO of Sentient Creative. Oli is a keen blogger, regular traveller and sports fanatic.

Related Posts

Do People Still Use Business Cards?

1st February 2023

12 Romantic Cocktails for Valentine’s Day

29th January 2023

5 Tips To Consider When Renovating Your Home

27th January 2023

Eight Interior Design Tips for Your Apartment

27th January 2023

The Justin Welsh Linkedin OS Course: Honest Review

24th January 2023

6 Ways To Generate B2B Leads on Linkedin For Free

24th January 2023

1 Comment

  1. Ebdaa Developments on 22nd October 2022 12:43 pm

    Property in UAE and especially in Dubai is at the highest pick this day, many investors come to Dubai and invest their money in property because they know the property is one of the businesses in which they can make more and more profit.

    Reply

Leave A Reply Cancel Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Trending Now
Fun Stuff

What Is A Playboy? (And How Can You Be One)

By Oli Lynch5th September 20210

Ah the Playboy lifestyle. The envy of both men and women around the world. After…

The Complete Guide to Planning Vacations in Africa: Everything to Know

26th January 2023

Best Places To Buy Your Tailored Suit

10th June 2021

69 Flirty & Sexy Questions To Ask A Girl (For First Dates or More…)

24th May 2022

The 12 Best Solo Sports (and Coolest)

7th April 2021

Facebook is Shit: Reasons To Delete Your Profile

10th May 2022

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Latest Posts

What to Do If Your Pet is Having a Medical Emergency

8th February 2023

How To Respond To ‘Hi’ on Dating Apps

5th February 2023

Do People Still Use Business Cards?

1st February 2023
© 2023 The Global Playboy . All rights reserved.
  • Home
  • About
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Cookie Policy

Type above and press Enter to search. Press Esc to cancel.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
 

Loading Comments...