The 7 Best Cities to Buy Property in Europe

ADVERTISEMENT

5. Beara Peninsula, Ireland

There has been a strong surge in demand for family homes in desirable areas of Ireland main cities, but that shouldn’t discourage buyers who are looking to purchase in Ireland, it just means you need to go elsewhere. The buying place right now is on Ireland’s Southwest coast, that is if you are looking for a charming cottage or seaside house. This is not where you want to buy as an investor but instead, as a homeowner. The Beara Peninsula is the largest and most remote on this coast and houses here are going for cheap. Locals here are opting to buy new houses rather than renovate old traditional farmhouses and prices are rock bottom. Think $80,000 US for a typical Irish farm cottage that is steps away from the ocean and needs a little fixing up. Giant waves crashing onto cliffs, miles of sandy beaches, mountain range and warm air- there seems no good reason why we all shouldn’t be buying a second home in this beautiful country.

Beara Peninsula, Ireland

4. Istanbul, Turkey

Turkey’s property market wasn’t hit as hard as others in the world in the years 2008 and 2009, with recovery times only take about a year and a half. Despite that, Istanbul remains a bargain when it comes to real estate with starting market prices at about $1,000 a square meter. Turkey is a country of the future, with half of its population younger than 30 years of age, which means the time to invest, is now. With the economy growing and being diversified between Europe and Asia it is easier than ever for foreigners to invest here. A construction boom is also taking place in Istanbul as half the current housing stock in the country needs to be replaced or renovated, thus making it easy to get in on buying pre-construction apartments. Getting in early on a new build means discounted pricing and the expectation of price increase over the construction period. The time to invest in Turkey is now.

Istanbul, Turkey
Next ➞
ADVERTISEMENT

More on EscapeHere

Comments