Top 8 Best Places To Buy Property in Europe

Do you want to buy property in Europe? Europe is host to such a broad range of countries all offering diverse property opportunities. You have everything from emerging market economies with massive potential for sharp growth rates, well established city based rental markets giving great yields and even residential housing markets offering an investor a slow burn on his capital outlay. With that said, here are top 10 best places to buy property in Europe:

1. Croatia

Croatia has been an EU country since the 1st of July 2013 and offers property investors commercial and residential property opportunities. The number of international businesses establishing bases in Croatia has increased substantially in the last couple of years and there is demand for the development of light industrial and office space.

Furthermore, Croatia has a strong tourism market that offers a real estate investor further opportunities to either target short term rental yields or to buy or develop for resale to the second home and holiday home market in Croatia. If you are interested in buying property in Croatia, check out the properties Plitvice Property Croatia has on offer.

2. Bulgaria

 Bulgaria has been an EU country for almost 15 years and as a result it is receiving massive foreign and domestic investment, particularly into infrastructure and construction. A large part of the country is benefiting from the amount of money being spent on it. 

The property prices in Bulgaria have been rising since 2013, with an upward trend in 2020. Investors are targeting the burgeoning tourism market that heads for the beautiful beaches of the Black Sea Coast in the summer and the snow capped mountains of Bulgaria’s ski resorts in the winter.

3. Cyprus

There are two real estate economies in Cyprus – you have the well established Republic of Cyprus property market where an investor should seek to target the retiree audience or the tourism market and then in Northern Cyrus you have an emerging economy currently offering massive growth potential.

Property price increases in North Cyprus have consistently been in double digits for the past three years and there are no signs of a slowdown in the offing.

4. Czech Republic

The majority of real estate investors consider Prague the only city worth targeting in the Czech Republic but the country’s other cities like Brno also offer an investor opportunity to purchase residential accommodation for rent to the domestic and expatriate professional population. Property price growth has been fantastic in recent years and rental rates are increasing annually.

5. Estonia

Real estate investors should target the local market in Estonia and consider looking for opportunities in the capital city of Tallinn. The Estonian economy is growing at a staggering rate which is affording the local people greater purchasing power which in turn is having a direct effect on the property market in Estonia.

Basically, as local demand increases, the prices rise, and as local purchasing power increases, these price rises can be sustained. A real estate investor can buy into this growth now and should expect the period of growth to be sustainable for at least the medium term.

6. Hungary

Property investors who targeted Hungary’s capital city of Budapest in recent years enjoyed a decent growth on underlying property prices and these growth rates show no sign of slowing down currently. 

There is local and expatriate demand for properties to buy and let in Budapest and the local economy is benefiting from foreign direct investment and strengthening. This means that there is long term prospect for growth in Hungary.  Furthermore there’s an emerging market within Hungary’s property sector. The tourism market offers an investor a chance to get in on both residential and commercial property ventures targeting this growing market segment.

7. Latvia

Latvia is benefiting from substantial foreign direct investment, which has helped establish the Latvian economy as one of the fastest growing in Europe. All this means that locally the population can afford to spend more on property either in the form of rental rates payable or property prices payable and real estate investors can buy off plan and flip on to the local market upon completion, or even buy to let out in the capital city of Riga or in the coastal port towns.

8. Poland

Having joined the European Union back in 2004, Poland has received massive aid and investment as a result, which has improved the country’s infrastructure incredibly and led to a strong period of economic growth.

Many European and international companies have established bases in Warsaw and Krakow and the demand for accommodation in these cities alone has really soared. Real estate investors are targeting Poland because it offers a low risk, high potential property market. Furthermore investor confidence in Poland is high because the Polish government has already proved that they have a strong commitment to maintaining the good economic growth rates that their country is currently enjoying.

Conclusion

There are so many opportunities available to an investor in Europe that those serious about investing in real estate should give the continent careful consideration!

Sources: Eurostat and Worldbank

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