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Home  /  Reviews  /  4 cheapest countries to buy a house

4 cheapest countries to buy a house

Emily Stuart January 14, 2022 Reviews Leave a Comment

The prospect of moving abroad is not such a big deal as it once was. Homesickness, adjusting to the new norms, getting to know new people and places used to be a thing. Shelter was another.

For some travel enthusiasts, moving to another country holds special appeal as it offers fresh experiences, adventure and lifestyle. However, the high cost of living was an issue.

According to The Washington Post, nine million Americans lived abroad as of 2018 and Gallup polling indicates many more want to live outside the U.S. Some of the specific reasons Americans move abroad include pursuing a romantic relationship, fulfilling a career aspiration, or the search for a lower cost of living.

Across the world, travel enthusiasts are becoming even more eager to migrate. Some don’t mind the most obscure nations.  If you are one, don’t panic. There are some regions in specific countries where you can find properties at a really low price. Here are five curated from kingjohnnie.info.

1 – Italy

In Italy, the average home price is roughly $236K. Indeed, that’s quite much considering the average mortgage payment are about $945. But there are cities with really affordable homes.

In the island of Sicily for example, prices for houses go as little as 1 euro. According to our findings, it is so because young people have left the town in search of work, and without an influx of new workers, the village will die.

A glance at the fine print shows buyers must restore the homes to the tune of at least US$25,000. This investment must take place within three years and the houses cannot be sold within five years. The regulations vary from town to town.

Mind you, Sicily offers exceptional beaches, charming villages and towns, as well as an abundance of ancient ruins and archaeological sites. Other places with affordable houses are Ollolai, Sardinia as well as Acerenzain the province of Potenza, in the city of Augusta, the ancient village of Belcastro and elsewhere.

2 – Ecuador

The South American nation has slipped under the radar in terms of excellent locations despite mainstream awareness in recent years. Ecuador offers authentic life in a country that has remained largely unaffected by globalization.

The country has a range of climates. It’s most famous for its mountain living, but also boasts excellent beaches and towns close to sea level, too. If you’re a fan of the coast, Ecuador has a lot of undeveloped beachfront real estate.

The average sale price of a small home or apartment starts at $ 70,000.  On top of that, there are no restrictions for foreigners who want to buy a property there.

However, houses are quite affordable in seaside and mountainous areas.  Salinas, referred to as a little Miami offers cheap real estate opportunities. Other options are Vilcabamba, a small mountain town as well as Loja and Cuenca – with absolutely affordable cost of living.

3 – Brazil

Like its neighbours, Brazil offers cheap houses in tropical areas. Home cost ranges from 90 to 200 USD in Itamaracá and Vila Velha. The former is an island which is situated on the North East coast of Brazil in Pernambuco State. It has about 20.000 inhabitants. But in summer usually has many tourists who double its population. It is situated about an hour from the nearest airport—a drive that takes you through the jungle and mangrove swamps.

Otherwise known as Little Rio, Vila Velha is situated to the north of Rio de Janeiro. It is a beach town surrounded by tropical forests and green-topped mountains. Easily accessible from Rio, the trip takes just one hour by plane, with 7 to 12 flights daily.

Velha is safe without traffic. It is a town for relaxing on the beach and enjoying the outdoors. If you need culture though, Vitória is close by. Brazil is a great place to travel to and practice online gambling.

4 – Colombia 

With as little as between 50 and 150 USD, accommodation is guaranteed in Cali. It is the capital of the Valle del Cauca department and the most populous city in southwest Colombia.

The city is completely bordered by mountains to the West while the eastern part is bordered by the Cauca River. The Caleños, residents of Cali, have a reputation for being warm, welcoming, and interested in meeting new people. Cali has an airport that offers daily flights to the States.

A green town with trees everywhere, dividing roads and offering shade along streets and in parks, Cali is however infamous for a crime.

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About Author

Emily Stuart

Emily Stuart is a farmer of words in the field of creativity. She is an experienced independent content writer with a demonstrated history of working in the writing and editing industry. She is a multi-niche content chef who loves cooking new things.

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