Buying overseas rural property: advantages and pitfalls

Reasons for the popularity of overseas country properties

The purchase of rural real estate outside one's home country is becoming an increasingly appealing choice for people, influenced by a variety of factors. Many are seeking the opportunity to live in harmony with nature, which drives them to choose eco-friendly locations. At the same time, they find the chance to acquire spacious homes at reasonable prices. Almost always, such options are significantly cheaper than similar properties in large cities and capitals.

Available offers in the market

It is worth noting that there are many affordable options in the European countryside real estate market. For example, a house in a Bulgarian village can cost as little as €10,000 or even less. However, it is important to remember that such offers are often associated with the property being located a significant distance from major cities, where the necessary infrastructure is lacking, and it may require serious repairs or renovations. The decision to purchase such properties is up to the buyer, but it is crucial to be aware of all potential risks.

Analysis of the country real estate market in Europe

Let's take a closer look at the country real estate market in Europe, focusing on the mid-price segment. The analysis shows that both Europeans and Russian citizens are more willing to invest in properties located in resort areas, such as coastlines, lake shores, or mountainous regions, rather than in typical country plots.

Unique features of country real estate in different countries

Each European country offers its unique characteristics in the field of rural real estate. For example:

• Italy and France:They are characterized by a fairly even distribution of the population — from large cities to small villages, and in these countries, typical Russian dachas with vegetable gardens are not so common.
• Milan:Local residents rarely choose the suburbs for vacation, preferring to spend time by the lakes or at the sea.
• Prices:Those who live inMilan and are looking for their "first home" pay attention to options that are closer to the city but at more affordable prices than in the city itself.

Similar trends can be observed in other countries, such as Spain, Switzerland, Austria, and many others.

The popularity of rural areas in the Czech Republic

In the Czech Republic, on the other hand, rural and countryside areas have proven to be quite attractive to buyers of all age groups. Local small settlements are usually well connected to cities thanks to a developed public transport system and have all the necessary infrastructure elements. This makes them an interesting option for those seeking a peaceful life and quality away from the hustle and bustle of the city.

Key aspects when choosing real estate

This highlights the key points when choosing rural property in Europe. Many buyers view the purchase of such housing not only as an investment but also as a desire to improve their quality of life, which makes rural options increasingly appealing to a wider audience.

Main directions for purchasing property abroad

The main directions for acquiring real estate abroad, especially in the Czech Republic, cover a wide range of options—from individual houses to apartments in small residential complexes, both old and modern, which vividly demonstrate current architectural trends. However, there are a number of issues that may arise, such as the need for daily commutes to work in large cities. This situation is typical not only for the Czech Republic but also for countries popular among Russians, such as Greece, Spain, Bulgaria, and Cyprus.

The appeal of rural areas

Like in other parts of Europe, the suburbs and countryside of Mediterranean countries are known for their picturesque nature, clean air, and clear waters. Here, one can find secluded beaches and tranquil coves that attract Russians looking to escape the hustle and bustle of city life. However, before taking steps towards purchasing real estate, it is essential to thoroughly familiarize oneself with the local conditions and check whether the existing infrastructure meets the buyer's usual requirements.

Problems with country real estate

It is important to note that interest in country houses significantly lags behind the demand for urban apartments, and owners may face difficulties if they need to sell their property quickly. For example, specialists from Latvia emphasize that it makes sense to purchase country properties within 5-15 kilometers of Riga and Jūrmala. The ability to quickly access urban infrastructure or beaches while living in nature, surrounded by green forests, makes such offers quite attractive. At the same time, in other regions of Latvia, country real estate may experience a liquidity shortage, which will lead to certain challenges when selling.

Disadvantages of suburban real estate

Of course, there are also drawbacks. Despite the growing interest of Russians in foreign country houses, many of them have numerous questions about what life is really like in the provinces of another country. Often, potential buyers do not realize what life in the countryside is like and what they need to pay attention to. It is important to consider that basic infrastructure may be located a significant distance from their residence, and seeking help can take a lot of time. Supermarkets, restaurants, cafes, schools, and medical facilities may be far from home.

Language barrier and quality of life

Another important question is the language barrier: can the buyer communicate in the language of the country where they plan to purchase property? Having a sufficient love for this country is very important to overcome the challenges that arise and truly enjoy a peaceful life in the countryside, even if it's within Europe. Additionally, the expected perspective includes certain requirements for the property depending on the season, which is also a significant aspect for future property owners.

Seasonal changes in resort towns

Seasonal changes in the lives of small resort towns are a common phenomenon found in many countries. During the summer, these places fill up with tourists and locals, creating an atmosphere of fun and joy, while in winter they often become deserted. This brings a sense of longing to property owners in these areas, as they start to miss the vibrant activity and rhythm of urban life.

For example, in Greece, many café and taverna owners decide to pause their business during the winter and move to larger cities like Athens and Thessaloniki, where they can spend the cold months in a more vibrant atmosphere.

Life on the Attic coast

However, life on the coast of Attica doesn't stop even in winter. The southern suburbs of Athens continue to attract locals thanks to their well-developed infrastructure and clean beaches, which remain appealing even in the colder months.

Speaking of popular Greek islands like Crete, it's worth noting that some villages remain active even in winter, making them worthy places to live outside of the busy tourist season.

The situation in Bulgaria

In Bulgaria, a similar situation is observed: in resort towns like Nessebar and Sunny Beach, life slows down significantly during the winter period, while in larger cities like Sofia and Burgas, active life continues to thrive.

Suggestions for country real estate

For everyone considering the purchase of a country property, there are many interesting offers available. With a budget starting from€150,000to€200,000You can purchase a fairly comfortable house in countries like France or Italy, while for an amount in the range of€60,000to€120,000You can find country houses in Bulgaria or the Czech Republic.

It is important for the future homeowner to understand that for this money, they are getting something akin to a "cottage in the countryside," which implies both architectural solutions and the neighborhood, level of service, and overall atmosphere.

Recommendations before making a purchase

Before clicking the purchase button, experts recommend taking the time to carefully analyze all possible advantages and disadvantages. Those planning to invest in real estate outside their country should consider additional expenses and potential logistics.

• Future owners need to decide whether they are ready to use the vehicle in the country where the country house is located, especially if it is situated far from urban amenities.

Buying real estate in Latvia

In Russia, there are many people interested in purchasing rural property in Latvia, but not everyone is eager to obtain residency in the country. The minimum investment threshold to acquire Latvian residency is at least€250,000...while a house can be purchased for a relatively small amount - starting from...€80,000to€150,000.

However, it is important to consider that many of these properties do not have gas heating and may be located in less populated areas.

The importance of verifying real estate documents

Studying all documents related to real estate is a critically important aspect that deserves close attention. Relying on the opinions of independent experts can provide a competent assessment of both the legal nuances and the architectural condition of the property.

Before making a decision to purchase a country house, realtors advise familiarizing yourself with the specifics of rural life in a given country. For instance, in countries like Italy or France, you will need to obtain permission from local authorities to engage in agricultural activities on your land.

Price aspects of real estate in Europe

If we consider the issue of prices, we can notice a common trend: often, the cost of housing decreases as the distance from major cities increases. However, this rule does not always apply to all European regions.

• In Greece, you may encounter a situation where a villa on a secluded beach costs much more than an apartment in the capital.
• Real estate prices can remain high even in conditions of economic instability.
• In the center of Athens, a two-room apartment can cost from €15,000, while a similar property in the suburbs will be valued at €180,000 and above.
• On the Greek islands, such as Rhodes, the high cost of real estate is due to the limited availability of land, which makes every square meter particularly valuable.
• Even in the context of an economic crisis, housing prices on these islands are only decreasing slightly.

Trends in the country real estate market in Italy and France

In Italy and France, country houses in small villages are experiencing a significant drop in prices, making them more affordable compared to other segments of the market. The current value of such properties has reached its lowest level in the last 15 years.

Nevertheless, experts strongly recommend negotiating with the seller, as significant discounts can often be achieved in this category of real estate. Depending on the size of the property and the land plot, the prices of country houses in France and Italy vary from€100,000 to €350,000.

The state of the real estate market in the Czech Republic

Czechia is also showing interesting trends in the real estate market. Here, housing prices in the suburbs are generally lower than in Prague itself. This is due to the fact that relatively low amounts were paid for building plots in remote areas at the time.

Young couples often choose between a small apartment in Prague and a more spacious house in the countryside. The average cost of such properties is aroundCZK 3.5-4 million (€140,000-€160,000).

According to experts, new residential complexes are currently being actively developed in accessible suburbs of the Czech Republic, where a well-developed infrastructure is already in place, making these areas particularly attractive to buyers.

Urban planning and the opportunities of small settlements

From an urban planning perspective, small settlements are easier to divide into separate plots, which contributes to the creation of more diverse and modern architectural ensembles. Such areas can offer attractive living conditions and a rich selection of housing options.

Housing prices

When it comes to prices, individual houses with large gardens can cost from8 million Czech crownsApproximately320,000 euros), while more budget-friendly options, such as "standard" houses, can cost about the same as an ordinary apartment in Prague (from3.5 to 5 million crowns).

However, it should be noted that purchasing real estate in new construction projects, especially outside major cities or in remote areas, carries certain risks, and support from a qualified realtor will be necessary.

Buying rural property in Bulgaria

When it comes to country properties in Bulgaria, you can find quite attractive offers at reasonable prices. For example, for55,000 eurosIt is possible to purchase a house with quality renovations, with an area of about...130 square metersin a village located just in5 kilometers from Burgas. To39,000 eurosyou will have access to a two-story house by the river, located in50 kilometers from Burgas.

Although there are properties available at lower prices, it's important to remember that such options may offer less comfortable living conditions.

Spacious housing

If you are looking for more spacious housing, then consider investing in a house with an area of approximately200 square metersWith quality renovation and a garden, it will take about120,000 eurosIf you are interested in a house with a sauna and a total area of400 square metersThe price will be around185,000 eurosand it is located just in20 kilometers from Burgas.

Tips for choosing housing

For those looking for permanent housing, it is advised to carefully choose the location and prefer properties that are closer to major cities, as this will ensure convenient access to essential infrastructure.

Additional expenses

It is also important to remember the additional costs when purchasing rural property, which are similar to the expenses involved in acquiring any other real estate abroad. To minimize risks during the transaction, it is highly recommended to consult a professional agent who can provide the necessary legal and administrative support.

Before making a purchase, it is important to clarify the details regarding service fees with the realtor and find out what property taxes and annual fees apply. Important aspects also include the cost of services from a lawyer, notary, translator, and any potential registration fees or duties.

Operating costs of country housing

The operating expenses for country properties include standard utility services, such as electricity, water supply, gas, and other amenities. In various European countries, the costs of maintaining a home can vary significantly and depend on the energy class of the building as well as its size.

In countries with a cold climate, heating can become one of the main expenses. For example, in Latvia, the monthly costs for maintaining a house of a certain size can be significant.250 to 300 square metersmay vary depending on the level of energy efficiency and the region in which the property is located.

Average housing maintenance costs

The average expenses for heating, hot water supply, electricity, and tax payments amount to about €250 per month. Considering the additional costs associated with maintaining a home in warm regions, it is important to note that during the summer, homeowners of country houses should pay special attention to the upkeep of their gardens and ensure proper irrigation.

Garden care

For example, in Greece, automatic irrigation systems are often used; however, if a long absence is planned, it is recommended to hire a specialist to check the functioning of these systems so that the plants do not suffer from the hot climate. It is worth noting that the rates for electricity and water supply in Greece are significantly lower than in major cities in Russia.

Constant attention to the home

It's important to understand that a house is not just a piece of property, but an entity that requires constant attention and care, like a living organism. Therefore, monthly expenses should include a reserve fund of at least €50 for periodic repairs and maintenance.

Real estate valuation

Buying real estate requires careful assessment of its value so that in the future, the property can be sold with minimal losses. In this matter, it is helpful to consult a lawyer or a specialist who understands the nuances of the local market.

Factors influencing the price

The price of real estate is influenced by many factors, such as:

• view from the windows;
• location
• distance from the airport;
• proximity to the sea;
• level of infrastructure development;
• overall condition of the object.

Objects with unique characteristics maintain their appeal to potential buyers.

Sales prospects

According to experts, the best prospects are for properties located in sought-after areas with good transport accessibility and developed social infrastructure, provided they do not have legal or technical issues. Often, the offers that are visually more appealing and have a competitive price compared to similar properties find new owners the fastest.

Real estate modernization

If the owner has modernized the property, updated the interior, or created a well-maintained garden, such a property is likely to find a buyer faster, regardless of external factors.

Investing in rural real estate

It's also important to keep in mind that rural real estate in many European countries may not be the most profitable for investment purposes, and one shouldn't expect significant profits from resale.

Recommendations for a successful purchase

To increase the chances of a successful purchase of a country house in Europe, it makes sense to follow a few recommendations:

• The first thing to consider is how ready you are for life in the countryside of another country. This question requires a serious and thoughtful approach.
• Keep in mind that this lifestyle can be significantly different from urban life, and you need to be prepared for the changes.
• Adapting to new conditions may require significant effort and time for acclimatization.

Acquiring rural property abroad is undoubtedly an exciting process, full of new opportunities and discoveries. Despite all its advantages, such as affordable prices, picturesque landscapes, and clean air, buying a country home requires careful analysis and a thoughtful approach. As practice shows, many buyers often face challenging issues related to infrastructure and the distance from major cities.

Advantages of suburban real estate

• Affordable prices compared to urban areas.
• An eco-friendly environment and picturesque landscapes.
• A variety of budget options in different countries.

Important aspects of purchasing

It is important to understand that life in the countryside of another country can be significantly different from the familiar lifestyle and needs. Issues with access to stores, medical facilities, and other essential services can seriously affect one's ability to enjoy life outside of a metropolis. Additionally, one should not forget about the language barrier and cultural differences, which can pose real challenges to comfortable living.

Recommendations

• Study the infrastructure:Make sure that all necessary objects are within reach.
• Evaluate your language proficiency level:It can be useful in everyday life.
• Take seasonality into account:Understand how life in your new home changes with the seasons.

Conclusion

Thus, while owning a country property abroad can be a great investment and offer a new lifestyle, I recommend that every potential buyer approach this decision with a full awareness of all the pros and cons. One should not rush into a choice; it is better to study the area in advance and carefully weigh all the nuances. Ultimately, only then can one be sure that such a step will truly bring pleasure and joy from life away from the hustle and bustle of the city. I hope this article has helped you see both the positive aspects and the warnings regarding country properties in Europe, and perhaps it will inspire you to make the right choice.