While Europe is implementing the sanctions, we offer you to ask the price of the cheapest housing in five most popular countries. Owning of overseas property makes visa obtaining process easier, promotes good vacation and gives Russians the opportunity to fully enjoy the banned European products.
The options, represented in the ee24.com article are not the cheapest, but rather, the most appropriate ones, among the affordable options that are suitable for residence and do not need major repairs. In addition, the unknown or remote from the airports cities haven’t been deliberately taken into account.
5. Looking for milk In Latvia
Latvian sprats are not covered by the sanctions, so they may stay on the Russian shelves and in refrigerators. But manufacturers of dairy products such as cheese, cottage cheese, and so on, will bear losses.
Latvian real estate is not the most expensive in Europe, but cheap deals are a few there. Square meter in Riga costs around €1,000, but there is one pleasant exception: it is possible to buy an apartment in a typical house at the capital’s outskirts for €800, or even for €600 per square meter - it all depends on its condition and the condition of the building. The cheapest one-bedroom apartment in Riga worth €25,000.
Prices for apartments in Jurmala start from €30,000-40,000. Resort city is the second most important real estate market in Latvia, known for its offer of luxury housing, but an unassuming buyer may also find an inexpensive option there. For example, two-bedroom apartment in this building in 10 minutes walk from the beach worth €33,000.
There is no need to say that the country houses, which are classified by their owners, down casting their eyes and not believing themselves, as "under repair", may be sold starting from €5,000. These are not the best options for residence or vacation.
4. Catching the sun in Montenegro
Montenegro in general has nothing in common with the sanctions, because it is not the EU’s part. Trade relations with Russia are not developed, excluding the wine as the lion's share of its export comes in Russia. But the Crimean winemakers, having today the best conditions, come on the heels of the Montenegrin producers.
All property offers in Montenegro are concentrated along the coast. Foreigners love Montenegro precisely for this and do not want to know that the country has something else to offer besides the sea. A place with interesting name of Sutomore (land and sea) combines high-quality and inexpensive holiday options. Apartments in Montenegro are sold starting from €23,000 and this corresponds with the price of a tiny studio in Sutomore. The bigger size studio like this, worth €30,000.
Becici is another resort. It is possible to find a studio apartment there, within the above mentioned amounts, despite the fact that it is an "expensive" suburb of Budva.
This summer, the Government of Montenegro accepted a law according to which, property owners will get a residence permit. There is nothing said about the minimum amount of investment required there, but maybe it will be agreed by the authorities separately. So far, having got the real estate, work (which grants the contributions to the budget) and livelihood, foreigners are receiving a residence permit as it is. The others are just traveling without a visa: the Russians for 30 days and Ukrainians for all 90.
3. Looking for oranges in Spain
There won’t be any olive oil, fruits, citrus and especially frozen meat any more. Tasting of Spanish delicacies will be available only in the local restaurants, so let's see how much will cost the purchase of real estate on the warm Mediterranean coasts.
Far away Spain is still in crisis, and therefore there is still a chance to catch in an inexpensive real estate there. It would hardly be possible to move to Spain having purchased such property. Of course, the government issues the "golden visa" to owners of any houses and apartments, but the requirements for the financial well-being of the applicants are just insane. It is unlikely that someone who is looking for low-cost options may boast of a considerable banking account.
But taking a vacation in a cheap Spanish property is still possible. Apartments in Torrevieja are considered to be a sample of budget shopping. This studio located 300 meters away from the beach, is sold for example, for €23,000. There are many such offers, including the ones with a sea view.
2. Looking for vegetables Bulgaria
They say that due to the sanctions, Bulgaria will soon face with a plenty of food: there are a lot of local vegetables and European manufacturers are ready to overstock the country with their excesses. This definitely threatens to undermine local production, but market laws are still working: consumers don’t choose local, but they choose cheap.
The Russians chose Bulgaria long ago, and according to various estimates they own up to 700,000 apartments there. The "migration" of the Russians in the eight millionth brotherly country is still proceeding. Average price "per square" in the secondary market does not exceed €500, the average transaction amount varies between €25,000 and €40,000, but a good save is possible when choosing a simple offer.
A studio apartment in Sunny Beach with area of 32 sq.m may become yours for €7,800. Within the limits of €10,000, one may settle at the ski resort of Bansko, 5 minutes away from the ski lifts, while the limit of €15,000 will allow settling near the sea in Nessebar or Pomorie.
1. Looking for meat in Estonia
Estonia will lose on sanctions less than 1% of GDP and one and a half or two thousand jobs and manufacturers will miss 3-4% of their profit. Everything that is prohibited to being delivered - like meat, fish and dairy products, produced in the environmental well-being, the Russians may try in the neighboring country.
The legends about cheap Estonian real estate are told for reason. An apartment in Estonia may be purchased for money, which won’t allow you to buy even the tenth part of one square meter if being spent in Monaco.
Cheap apartments in Estonia are sold in the northeastern part of the country, on the border with Russia. Kohtla-Jarve with its 36,000 citizens is among the top five largest cities, and 80% of them are the Russians. The price of €3,000 is today quite adequate for an apartment in Kohtla-Jarve.
Well, the offer from the photo, is even cheaper: 28 square meter at the last floor, worth €2,500.
Text: Kyrill Ozerov, ee24.com