Dreaming of a Mediterranean-style home? Here’s everything you need to know.
Hello, you who secretly reads this article while the Boss thinks you're busy with boring accounting. Dreaming of working from home, but your home is a villa on the French Riviera? An apartment in Spain? A cottage in the Portuguese countryside? So are we, which is why we’ve created this guide to buying property in Europe. You’ve seen the headlines: for the price of an espresso inMilan, you can buy an entire vacation home in Sicily. But the promising one-euro program is not just about buying property in Italy; it’s about investing in a dream. Potential owners dream of sunlight streaming through old wooden shutters. People dream of the sound of church bells ringing down cobblestone streets. A slow life. Morning swims in the Mediterranean Sea; evenings on wrought-iron balconies overlooking centuries-old Nero d'Avola vineyards.
How to buyreal estate in other European countries:
- Italy:In some small Sicilian and Sardinian villages, where younger generations have scattered to the cities in search of gold, you can still find dilapidated houses for the symbolic price of one euro. But the most popular areas to buy a country house are inTuscany and Le Marche (from €150,000 for a three-bedroom chalet; from €335,000 for a ready-made home), where secluded farmhouses, often obscured by soft morning mists, are common. Abruzzo, stretching out to the Adriatic Sea, offers bucolic beauty at half the price. Two-bedroom houses that need painting start from €16,000, picturesque stone farmhouses from €100,000 and up. Around Lake Como, prices can be exorbitantly high, but if you head inland, you can still find one-bedroom palazzos from €95,000.
- France:Just everything. From country estates with vineyards in Champagne and abandoned castles waiting for a Prince or Princess-in-White, to alpine guesthouses and charming half-timbered houses that inspired Disney in "Beauty and the Beast," France has it all - including prices on the Côte d'Azur that are so exorbitant they overshadow the GDP of some countries. While prices vary across different regions, the average price for rural property remains around €170,000.
- Spain:Attracted by the lush locks of golden sand and turquoise waters that sparkle like a jeweler's disco ball, it is the beach that makes potential buyers crack in Spain. The Balearic Islands are at the peak of popularity when it comes to vacation homes - although due to some exclusive villas, average prices are higher than the temperature in July: Formentera (over €2,000,000); Ibiza (€1,630,278); Mallorca (€1,592,836); Menorca (€314,903).
- Greece:In Greece, there are thousands of opportunities to buyreal estate. Starting from a hundred thousand, some prefer to buy land and build something of their own, but with so many existing private villas and farmhouses, one could also invest in a two-bedroom apartment in Athens, where prices start at €100,000.
- Portugal:With cooling cities, ribbons of soft terracotta sand, and the foaming waves of the Atlantic Ocean, property prices outside popular Portugal have risen to a national average of €359,497.
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