Europe is a dream destination for many, offering a diverse blend of cultures, landscapes, and lifestyles. For those seeking an affordable holiday home, Europe also provides a range of budget-friendly options. Whether you’re looking for a peaceful countryside retreat, a beachside escape, or a quaint village getaway, it's possible to find your dream holiday home in Europe without breaking the bank. In this article, we explore the top 5 countries in Europe where you can purchase a holiday home for under €65,000.
Bulgaria: best for rural and beach properties
Bulgaria is a top contender for budget-conscious buyers looking for affordable holiday homes. Known for its stunning Black Sea coastline, scenic mountains, and charming rural villages, Bulgaria offers some of the most inexpensive real estate in Europe. The cost of living is also remarkably low, making it an ideal choice for those looking to stretch their budget.
Why Bulgaria?
Affordable Properties: Prices in Bulgaria can be astonishingly low. You can find charming cottages in rural areas for as little as €22,000, or a beachfront apartment in towns like Sunny Beach or Burgas for under €60,000.
Scenic Diversity: Bulgaria offers both mountain retreats in places like Bansko and seaside escapes along the Black Sea, giving buyers a range of options depending on their preferences.
Growing Popularity: The Bulgarian property market has been gaining popularity among foreign buyers, particularly from the UK and Germany, due to its low prices and high potential for capital growth.
Example areas:
Sunny Beach: Popular for its vibrant atmosphere and proximity to the sea. Apartments here are available starting from €34,000.
Veliko Tarnovo: For those seeking history and culture, this historic city offers affordable rural properties with stunning landscapes.
Romania: best for countryside and historic towns
Romania is another country where property prices remain extremely affordable, especially in rural areas and smaller towns. Known for its medieval castles, dense forests, and picturesque countryside, Romania provides a peaceful, low-cost escape for those looking to purchase a holiday home.
Why Romania?
Historical Charm: Romania is full of history, with charming medieval towns like Sibiu and Brașov that offer beautiful, affordable homes.
Rural Affordability: Properties in rural areas or small villages can be purchased for less than €45,000. These homes often come with spacious plots of land, perfect for those who enjoy nature and gardening.
Cultural Experience: Romania’s unique blend of Eastern European culture, folklore, and traditions makes it a fascinating place to own a holiday home.
Example Areas:
Transylvania: Famous for its castles and rolling hills, you can find traditional homes in villages here for under €40,000.
Cluj-Napoca: A cultural hub with historic charm, offering more affordable apartments and homes for those looking for a lively yet relaxed environment.
Portugal: best for coastal and inland bargains
Portugal may not be the first country that comes to mind when thinking of affordable holiday homes, but there are still several regions where you can find properties under €65,000. While prices have risen significantly in popular areas like Lisbon and the Algarve, rural inland regions and some lesser-known coastal towns still offer great bargains.
Why Portugal?
Diverse Landscapes: From beautiful beaches to rolling vineyards, Portugal offers a wide variety of scenic locations. Inland regions like Alentejo offer affordable properties, while coastal towns along the Silver Coast still present great value.
Relaxed Lifestyle: Portugal is known for its laid-back, Mediterranean lifestyle, making it a popular destination for retirees and second-home buyers.
Stable Property Market: Portugal has a strong property market, providing long-term investment security while offering affordable homes in more remote areas.
Example Areas:
Silver Coast: While the Algarve is well-known and more expensive, the Silver Coast offers affordable beachside properties for as little as €55,000.
Alentejo: A rural region filled with vineyards, quaint villages, and traditional homes, with properties often available for under €45,000.
Spain: best for bargain apartments and inland villages
Spain has long been a favorite among British buyers, and while property prices in popular areas like the Costa del Sol or Costa Blanca can be steep, there are still plenty of bargains to be found, especially inland. With a wide variety of property types and locations, Spain is perfect for those seeking either a bustling seaside retreat or a quiet countryside escape.
Why Spain?
Variety of Properties: Spain offers everything from beachside apartments to rural fincas (farmhouses) and townhouses, often at surprisingly low prices.
Established Expat Community: Spain is home to a large expat community, providing a supportive environment for new buyers. This makes it easier for those unfamiliar with buying property abroad to integrate smoothly.
Sunny Climate: Spain’s warm weather and sunny skies make it an ideal destination for holiday home seekers looking for year-round sun.
Example Areas:
Murcia: Known for its beaches and lower-cost properties compared to nearby Costa del Sol, you can find apartments starting from €45,000.
Andalusia: Inland towns and villages in Andalusia offer rural homes for under €60,000, making them perfect for those seeking traditional Spanish charm without the coastal price tag.
Greece: best for island and mainland retreats
While Greece is famous for its luxurious island villas, there are still many affordable holiday homes available, especially in smaller, lesser-known islands and mainland villages. Greece offers a combination of stunning natural beauty, historical significance, and a relaxed lifestyle, making it a desirable location for a holiday home.
Why Greece?
Island Life: While properties on popular islands like Mykonos or Santorini can be pricey, lesser-known islands like Lefkada or Naxos offer affordable homes with breathtaking views.
Mainland Options: The Greek mainland, especially areas like Peloponnese and Thessaly, offers even more affordable options for rural and seaside properties.
Historical and Cultural Richness: Greece’s long history and vibrant culture provide an enriching experience for holiday homeowners who want more than just a sunny getaway.
Example Areas:
Peloponnese: This region is filled with quaint villages and stunning beaches, with properties available for as low as €50,000.
Crete (Rural Areas): While Crete’s coastal properties can be expensive, rural homes in the interior of the island can be found for under €65,000, offering a mix of traditional Greek life and modern comforts.
Key considerations when buying a holiday home under €65,000
Before making a purchase, there are several factors you should consider:
Property Condition: At this price point, many properties may require renovations or repairs. Make sure to budget for potential refurbishment costs.
Legal and Tax Implications: Property laws and taxes vary across European countries. Hiring a local lawyer and understanding the local property tax system is crucial.
Resale Potential: While these homes may be affordable, consider the future resale value. Properties in areas with potential for tourism growth may offer better long-term returns on investment.
Maintenance and Management: If you don’t plan to live in your holiday home year-round, you may need to hire a property management company to take care of maintenance and rentals when you are away.
Find your dream holiday home for less
Owning a holiday home in Europe doesn't have to cost a fortune. Bulgaria, Romania, Portugal, Spain, and Greece offer a variety of affordable property options, allowing you to enjoy the benefits of owning a holiday retreat without exceeding your budget. Whether you're looking for a serene countryside escape or a vibrant seaside getaway, these countries provide ample opportunities for owning a slice of European paradise for under €65,000.
Before making any purchase, it’s essential to do your due diligence, ensuring that the property and location meet your lifestyle needs and long-term goals. Happy house hunting!
VelesClub Int. specializes in selecting affordable real estate abroad, and we are pleased to offer you the best options for homes and apartments in Europe. We recommend paying special attention to our listings in Spain, Portugal, and Greece, which are featured in our catalog of foreign properties directly from the owners. These countries offer the perfect combination of beauty, comfort, and affordability, making them attractive for both personal use and investment. Explore our catalog and find your ideal home abroad by following this link.