Where can Russians buy property by the sea for the price of an apartment in Moscow?

Introduction

In recent years, the dream of acquiring one's own home by the sea has become relevant for many Russians, including residents of the capital. In this article, we will take a closer look at which European countries offer the possibility of buying property by the coast, based on the price of a one-bedroom apartment in old Moscow.

The cost of housing in Moscow

The average cost of such an apartment, with an area of about 40 square meters, reaches approximately 8.5 million rubles or 120 thousand euros on the primary market, being within a reasonable distance from the metro. When exploring alternatives, you will undoubtedly be surprised by the variety of options that the European real estate market offers.

Cyprus as a popular destination

One of the popular destinations for Russians is Cyprus. This island attracts the attention of Russian-speaking citizens due to its beauty and warm climate, although it can't be considered entirely affordable. Nevertheless, with some effort, it's possible to find accommodation at more attractive prices.

Options for real estate in Cyprus

In Cyprus, there is an opportunity to purchase an apartment just a few minutes' walk from the beach, which is comparable in price to a one-room apartment in Moscow. For example, in the Paphos area, you can buy:

• A furnished two-room apartmenta 70 square meter area with a magnificent sea view for just 120,000 euros.

This property is located in a cozy complex that offers shared pools, well-maintained green areas, and parking for residents. The journey to the beach, such as Coral Bay, is easily manageable by public transport, and the price per square meter, which is 122,000 rubles, looks quite attractive considering the realities of Moscow.

Townhouses in Paphos

Additionally, for a similar amount in Paphos, you can become the owner of:

• Townhouse with an area of 112 square meterswith a stunning view of the sea and the surrounding mountains.

If we consider real estate located just a kilometer from the coast, the price will be just over 75,000 rubles per square meter. Compared to the Moscow market, this offer looks very attractive, as in the capital, for that kind of money, you can only buy an apartment in remote areas.

Current offers in Cyprus

As of today, there are numerous offers available in Cyprus. In total, there are 6,754 listings. Among them, we can highlight:

• ResidenceJust 100 meters from the beach, with prices starting at 1.75 million euros.
• New villawith a pool and a panoramic view, priced at 2.08 million euros.
• Luxury villasnext to the sea in Paphos, with prices starting from 1.2 million euros.
• New gated communitieswith a pool in the prestigious areas of Limassol, scheduled for completion in 2026.
• 144 apartmentsIn a modern complex with underground parking near the center of Limassol, the completion of construction is expected in 2024.

Conclusion

Thus, purchasing real estate in Cyprus can turn out to be a successful investment, allowing one to enjoy the comfort of their own home and the proximity to the sea. Such offers are particularly appealing to Russian citizens looking for an alternative to capital city real estate.

Real estate in Limassol

In the center of Limassol, on the beautiful island of Cyprus, there is a variety of residential complexes, including 14 apartments with a starting price of €260,000. This residential complex offers its residents attractive amenities, including a swimming pool and well-maintained green areas, allowing them to enjoy stunning views.

Additionally, there is a gated residence in this area with 81 apartments priced from €363,000, making it exceptionally attractive for those planning to live there permanently or invest. The modern complex in Limassol also offers 68 apartments, with prices starting at €425,000, and is located near important city areas.

The real estate market in Spain

As for the real estate market in Spain, there is a noticeable decline in interest in purchases among Russians and CIS citizens. According to analysts, in the second quarter of 2019, the level of interest decreased by 36% compared to the same period of the previous year. Nevertheless, Spain remains a popular destination for our compatriots looking to buy property abroad.

Available housing options on the Spanish coast

On the Spanish coast, there are many affordable options, with prices that can compete with those in Moscow. For example:

• In the resort area of La Mata (Costa Blanca) for just73,000 euros(or129,000 rubles per square meterYou can purchase a two-bedroom apartment that is just 200 meters from the sea. This apartment offers40 square metersIt has living space and is located in a complex with a shared pool, a green garden, and parking spaces.
• In the city of Calpe, you can find an apartment with an area of42 m², the cost of which is88,000 euros(or148,000 rubles per square meter), located just 50 meters from the beach.
• In Deesa de Campoamor, Alicante, the prices for two-bedroom apartments with an area of675 m²achieve90,000 euroswhich is approximately115,000 rubles per square meter.

More spacious housing options

If you are looking for more spacious options, you can purchase an apartment in Torrevieja with an area of68 square metersjust 50 meters from Los Locos beach, for115,000 eurosModern residential complexes offer apartments with park areas, swimming pools, and tennis courts, with prices starting at just119,000 rubles per square meter.

In conclusion, for119,000 eurosa stylish villa is available with an area of110 square meterswith a terrace and garden in a modern residential complex located near the beach in Torrevieja. This house offersfresh renovationa terrace, a garden, and parking, and is located in a gated community with well-maintained greenery.

Furthermore, it is worth noting that purchasing any of these properties provides the opportunity to obtainresidence permit.

Real estate in Spain

Real estate in Spain continues to attract buyers, offering a wide range of options on the market. Currently, there are about 8,300 listings available with average prices around 540,000 euros. One of the unforgettable offers is a renovated penthouse on the coast, located in Villanova i la Geltrú, just a few meters from the sea. The total area of this apartment is 171 square meters, it includes 4 bedrooms and is for sale at 1,796,000 euros.

Suggestions in Barcelona

Additionally, in the center of Barcelona, in the Eixample district, there is a new penthouse available with four rooms and an area of 175 m², priced at 1,796,000 euros. A more affordable option could be an exclusive apartment in the Les Corts area, which has an area of 58 m² and includes two bedrooms, priced at 320,000 euros. Are you interested in investing with guaranteed income? There is an offer for apartments in Eixample with a yield of 4%, covering 90 m² and featuring three bedrooms for 800,000 euros.

New apartments on the market

New apartments with balconies and parking spaces are also available on the market, priced at 480,000 euros, with an area of 102 m². If you are looking for something compact, you might consider a one-bedroom apartment of 45 m² with a terrace, located in a new residential complex with a pool, priced at 397,000 euros. There are also more spacious options, such as a three-bedroom apartment in a modern residential complex for 575,000 euros.

Real estate in Italy

Italy remains one of the most sought-after countries among Russians looking for real estate abroad. The attractive climate and relatively low housing prices make this country especially appealing. For example, in Tropea, just three kilometers from the sea, you can purchase a 50 m² apartment for 65,000 euros. These apartments include a living room with a kitchen area, a bedroom, a bathroom, and a spacious balcony overlooking the pool.

Other options in Italy

In Dzombrone, there is also an apartment available with an area of 53 m² and a garden of 50 m², located in a new complex just 500 meters from the Tyrrhenian Sea. The price of this apartment is 82,000 euros. For 108,000 euros in Apulia, you can buy a duplex with a total area of 60 m², featuring a terrace and sea view, just 80 meters from Torre Mozza beach.

Available French apartments

Despite the variety of prices along the Italian coast, it is possible to find three-room French apartments in the village of Parghelia, covering an area of 65 m², priced at 120,000 euros. This complex is located in close proximity to one of the best beaches on the Tyrrhenian coast. The future owner of the apartment will also have access to a patio, garage, and garden with a wonderful sea view, making this offer particularly attractive and advantageous for investment.

Real estate in Italy

The real estate offered in Italy features a variety of interesting options. For example, in the center of Bordighera, located in Liguria, a stylish apartment with a total area of 140 square meters is available for purchase at a price of 490,000 euros. This magnificent residence with three bedrooms will be the perfect place for comfortable living in the heart of this picturesque city.

Luxury villas

You can also pay attention to the luxurious villa in Lenno, which features its own garden, swimming pool, garage, and a terrace offering magnificent views of the lake. The area of this property is 250 square meters, and the price is 1,250,000 euros. Those looking to purchase a more spacious property should consider the magnificent two-story villa in Zagarolo, which has an area of 260 square meters and a plot size of 5,500 square meters.

Introduction

In the heart of Athens, in the Kato Patissia area, a unique opportunity arises to purchase one of 11 new apartments starting at a price of 121,000 euros. These residences are an excellent option for rental and obtaining a residence permit. Construction has already begun and will be completed in 2024.

New apartments in Attica

In Attica, 6 new apartments are also being offered, with starting prices from 180,000 euros, which are perfect for both investment and obtaining a residence permit. These properties were built in 2023 and could be an interesting option for buyers. Don't miss the chance for a new residence, which includes 17 apartments located near the Riviera and the center of Piraeus in Greece. This project will be completed next year, with prices starting from 170,000 euros.

Investment opportunities

A unique package of three micro-apartments is available for investors to obtain a golden visa with a guaranteed return of 5% in Egaleo. These properties have favorable financial prospects and start at €98,000. There is also a modern residence with parking options located on the Athens Riviera in Glyfada, with prices starting at €590,000.

New residence in Piraeus

Another new residence with a beautiful sea view and underground parking is located near the port of Piraeus. The expected completion date for this project is 2025, and the starting price is 290,000 euros for one of the 30 available apartments.

The interest of Russians in the Turkish market

An interesting fact: in Turkey, Russians have long been one of the key segments among foreign buyers. This is due to several circumstances:

• A sharp drop in the value of the lira;
• Reducing the minimum investment amount for obtaining citizenship from 1 million to 250 thousand dollars;
• Improving bilateral relations between countries.

Real estate purchase statistics

According to statistics, in August 2019, Russian citizens purchased 212 properties in Turkey, which is even more than Iranian buyers, who bought 469 properties. Compared to previous years, the number of transactions for Russians nearly doubled — from 1,300 to 2,300 transactions.

Available housing options in Turkey

Interest in real estate in Turkey is confirmed by relatively low prices:

• In Kusadasi, you can find a furnished apartment for $82,000 (about €74,800), just 300 meters from Long Beach. This 90-square-meter apartment is valued at58,600 rubles per square meterand is located in a secured area with well-maintained landscapes, a swimming pool, and parking.
• An alternative option is a two-bedroom apartment in a new building in Antalya, priced at $85,000 (77,600 euros). The roof of this building, located just 800 meters from the sea, features a swimming pool, and the apartment has an area of 68 square meters. By Moscow standards, this apartment is quite economical, with its price.80,700 rubles per square meter.

New high-rise buildings

In addition, there are many modern or recently built high-rise buildings in the Turkish real estate market. For example, in Antalya, you can purchase apartments with an area of 74 square meters for $96,000 (87,600 euros), which amounts to about83,600 rubles per square meterThus, thanks to its diverse offerings and affordable prices, the real estate market in Turkey continues to attract foreign investors.

Conclusion

In conclusion, after a thorough analysis of the situation regarding the purchase of real estate by the sea, I have come to an important conclusion: the dream of owning a small house or apartment in Europe is indeed accessible to Russians, especially when compared to prices in Moscow.

Do Muscovites live by the sea? The answer is definitely yes! In Cyprus, for example, while it can be difficult to find affordable housing, for the price of a one-bedroom apartment in the center of Moscow, you can buy beautiful apartments with a sea view. Spain, on the other hand, offers many options for those dreaming of life on the Costa Blanca: cozy apartments and villas near the beach can be a great alternative to city real estate.

And even despite the trends of decreasing demand for Spanish real estate, this country still remains one of the preferred destinations for Russians looking to invest in overseas property. The opportunity to obtainresidence permitThis option becomes especially attractive when making a purchase.

Main findings

• Real estate in Europe is affordable compared to prices in Moscow.
• Cyprus and Spain are popular destinations for buying seaside property.
• A large number of options makes the choice varied and flexible.
• Obtaining a residence permitis an important advantage when buying real estate abroad.

In conclusion, before making a final decision on where and what to buy, it is worth thoroughly analyzing the information and evaluating all available options. Instead of hesitating about the cost of an apartment in Moscow, it might be better to consider more advantageous and appealing offers abroad. Living by the sea could become a reality without leaving your wallet empty.

Ultimately, diligent preparation and readiness for new solutions can open doors to the desired life abroad. By weighing all the pros and cons, we can choose the property that will not only be a great investment but also a cozy home for relaxation and living.