Finding Real Estate: Top-5 Available Countries in 2024

Today, potential home buyers in the United States face an almost impossible situation: high prices, high mortgage rates and dwindling supply. The result of this situation is that sales are suffering and have reached their lowest level in 13 years. However, rather than waiting for the local market to recover, many interested in purchasing real estate for living or investment are choosing to look outside the United States to find the best deals.

For example, in the United States, the average price per square foot of real estate is about $221. However, in many countries around the world you can find housing at much more affordable prices.

Moreover, some of these countries offer benefits to foreign investors, such as golden visa programs that provide residency or citizenship in exchange for real estate investment. These programs become an additional incentive for those who are looking for investment opportunities abroad.

5 affordable countries to buy property abroad in 2024

1.Northern Cyprus: savings 47%

Northern Cyprus, an island nation in the eastern Mediterranean, is attracting investors with its fantastically affordable properties. The average price per square foot here is only $118, making this region a very attractive place to buy a home. Particularly advantageous real estate offers in Northern Cyprus can be found among unfinished construction projects.

2. Brazil: 38% savings

Brazil, a country with a strong and diversified economy, offers not only beautiful beaches and scenic views, but also lucrative opportunities for real estate investors. The city of Fortaleza and surrounding areas offer properties for an average of $138 per square foot, allowing for $70,000 to $140,000 beachfront homes.

3. Colombia: 34% savings

Known for its beautiful nature and friendly people, Colombia provides lucrative real estate investment opportunities. In the city of Medellin, the average cost per square foot is $145. In addition, investors making purchases of certain amounts are entitled to a temporary residence permit.

4. Montenegro: savings 32%

Montenegro, a small country in South-Eastern Europe, offers affordable real estate and potentially high appreciation. The average price per square foot here is $151, and despite rising prices, this market remains one of the most affordable in Europe. Possible accession to the eurozone could further increase property values.

5. Greece: savings 23%

Greece, a country with a rich history and beautiful landscapes, offers attractive opportunities for property investors. In the city of Chania, the average cost per square foot is $171. The Golden Visa program remains in force, providing investors with the opportunity to obtain a residence permit by purchasing property for certain amounts.

Conclusion

There has never been a better time to invest in real estate.

Markets such as Northern Cyprus, Brazil, Colombia, Montenegro and Greece offer not only affordable prices, but also potentially high future value appreciation.

Therefore, a smart decision is to consider these areas to diversify your investment portfolio and ensure stable income in the long term.