The best - and worst - places to buy property in Europe in 2023 (2024)

FAQs

Which country in Europe is best to invest in property? ›

France, Cyprus, and Portugal are some of Europe's best countries for property investments. If your main search is to buy property in Europe under $100,000, it may not be as easy as Europe is a popular tourist and economic destination, which means that the property market there is in high demand.

1/ Spain. As a renowned destination for expats from around the world, it's no surprise Spain tops our list of the easiest countries to purchase property.

Real estate leaders are finding political instability and economic uncertainty is replacing the worries of the pandemic. 2023 will be defined by real estate investors prioritising long-term stability and a renewed focus on how the industry conducts its business.

France, Italy and Spain are the top choices for people looking to buy a vacation home, according to real estate agents. These European countries are politically stable, with good governance and easy access to mortgages, as well as attractive towns, countryside and coastline.

Americans can buy land in Europe, but there may be some limitations. You may need government authorization to buy land in certain countries, such as: Italy. Czechia.

Nine EU countries recorded lower prices in the second quarter of 2023 than in the previous year, but in the other 17 member states, house prices keep mounting. Germany recorded the sharpest annual decrease over the quarter, at -9.9%, followed by Denmark at -7.6% and Sweden at -6.8%.

What Are the Easiest European Countries to Move to From the USA? The best European expat destinations, based on various factors such as visa policies, language barriers, and overall expat-friendliness, include Portugal, Spain, Malta, Greece, and The Netherlands.

What is the most comfortable country to live in Europe? ›

Switzerland. High quality of life in Switzerland. Switzerland is an excellent destination if you're looking for a peaceful country.

Countries that are often cited as being among the most affordable in Europe include Bulgaria, Romania, Poland, Hungary, and Portugal, based on various cost-of-living comparisons.

Whether you are looking for a second home, retirement property, or investment opportunity, the top five countries to consider are Spain, Portugal, France, Italy, and Germany.

The Residential Real Estate market market in Europe is projected to reach a value of US$143.70tn by 2024. It is expected to exhibit an annual growth rate of 3.39% from 2024 to 2029, resulting in a market volume of US$169.80tn by 2029.

Rapid increase in rental prices continues

Asking rents rose by 21.4% year-on-year to €19.42/sqm p.m. in the second half of 2023. Looking at existing housing alone, the increase was actually 31.0%. There was also a significant increase in rents of 9.6% observed in the new-build segment.

However, some of the most popular countries for real estate investment include the United States, United Kingdom, Canada, Australia, Germany, Japan, Malaysia and UAE. These countries have large, stable economies, and strong property markets.