Buying real estate abroad is becoming an increasingly relevant opportunity for many investors and expats. Real estate abroad can serve as an effective tool for diversifying an investment portfolio, reducing risks and ensuring stability. Find out more about how you can benefit from buying real estate in Montenegro or Northern Cyprus

In the search for affordable and profitable world-class real estate, Montenegro and Northern Cyprus are setting new standards. These countries are becoming the perfect choice for investors. With Montenegro and Northern Cyprus, choosing real estate is not only financially rewarding, but also adds aesthetic charm to your life. These countries combine the attractiveness of natural landscapes, cultural heritage and exclusive opportunities for comfortable living.

What is meant by affordable real estate

Cheaper does not always mean affordable. Affordability is evident when a property meets your preferences while remaining within a reasonable price range. Price comparisons are made taking into account the market range of similar properties. The term "affordable housing" is relative and may vary depending on the financial capabilities of the buyer. In general, affordable housing aims to provide decent and safe living while keeping the price range at an optimal level. Determining the balance between price and quality becomes key at this stage.

Best countries to find affordable real estate

There are 2 key areas for successful real estate purchase. Montenegro on the Adriatic and Northern Cyprus have become leaders in terms of affordability and budget. With the help of statistical data, they confirm their attractiveness to buyers, providing an opportunity to find the perfect home in accordance with expectations and without exceeding financial limits. Thus, Montenegro and Northern Cyprus are becoming the optimal choices for those looking for affordable and suitable real estate abroad.

Buying real estate in Northern Cyprus

Northern Cyprus is not only a picturesque location for buying real estate, but also a promising investment with numerous advantages. Real estate on this Mediterranean island can be a profitable option for those looking for comfortable housing at affordable prices and the benefits of a financial investment.

Firstly, real estate in Northern Cyprus offers a variety of styles and formats, meeting the needs of different buyers. From luxurious villas with sea views to economical flats, you will find a suitable option.

The savings that can be realized when buying property in Northern Cyprus are also an encouraging factor. According to comparative data, investing in real estate on this island can save up to 40% compared to countries with a similar standard of living, such as Greece.

Low real estate prices help buyers make a wise choice while getting high quality housing. Modern villas with all amenities and sea views in Northern Cyprus can cost significantly less than similar properties in other European countries.

Flats in Northern Cyprus also attract with their affordability. This is a good option for those looking for cost-effective housing with a wide range of amenities near the sea. Compared to prices for similar properties in London or Liverpool, prices in the north of Cyprus are extremely attractive.

Buying property in Northern Cyprus has its own additional advantages. The cost of living is much lower, which allows you to save money and invest it in further investments or entertainment.

According to the latest reports of the Central Bank of Northern Cyprus, the value of real estate on the island is constantly growing, making this region even more attractive to investors. To summarize, investing in Northern Cyprus is not only an affordable opportunity to get a home at a reasonable price, but also a promising investment with great growth potential.

For more information about Northern Cyprus, please refer to the checklist here.

Buying real estate in Montenegro

Montenegro, located in Southeastern Europe, is defined as an attractive investment centre with affordable housing. Two coastal settlements - Budva and Kotor - are particularly attractive, and have gained popularity among those looking for real estate in this charming country.

Comparing the real estate market in Montenegro with the US market, we can note 32% savings and prices that are 37% lower than in similar European cities. Over the past few years, real estate prices in Montenegro have shown steady growth, increasing by 12% annually.

In the second quarter of 2023, the cost of real estate in Montenegro increased by 9%, and despite this rapid growth, prices remain quite reasonable, especially compared to other European destinations such as Albania or Croatia.

One of the projects that stands out among others is Riviera Residences, the newest signature project on the coast of Budva. This project offers high-end living at affordable prices compared to similar properties.

Riviera Residences is distinguished not only by its new homes, but also by its high-quality and luxurious lifestyle. In addition, this prestigious residential project offers more than just a new home. The complex's amenities, round-the-clock maintenance and innovative architecture make it attractive to investors. Even with the rapid growth of prices, Riviera Residences remains a profitable option compared to other similar projects.

This is an offer to get the highest benefit from real estate investment in Montenegro, where the market is developing and offering affordable and luxurious housing.

More information about Montenegro can be found in the checklist from Visit World here.

Where else is it profitable to buy real estate?

Turkey - Demand for real estate in Turkey is growing every year, as the country boasts a great climate, rich culture and numerous coastal resorts. Also, one of the main advantages of buying a home here is low real estate prices and profitable investment prospects.

The average price of residential real estate in Turkey was 5,579 Turkish lira per square meter ($378) or 736,428 Turkish lira ($50,000) per apartment.

More than 40% of foreign direct investment in Turkey is directed to real estate, because the country has one of the most promising real estate markets in Europe. The country has excellent opportunities for developers and investors.

The total number of houses sold in the Turkish real estate market per year is 1.4 million. Istanbul ranks first in sales volume, followed by Antalya, Ankara and Mersin.

Buying real estate is also the most popular investment option under the Turkish citizenship program. Applicants are attracted by moderate prices and good rental yields. The minimum amount to invest under the program is $400,000.

Most investors prefer to buy business class apartments in Turkey.

The rules of entry and stay in Turkey can be found in the checklist at the link.

Indonesia's real estate sector is quite profitable, because housing prices in the country are still among the cheapest in Southeast Asia. Average house prices range from 500 million Indonesian rupiah (US$32,500) to 2 billion Indonesian rupiah (US$130,000) and vary by region and property type.

We should also not forget about the fabulous nature of Indonesia. The country's most famous resort, the island of Bali, needs no introduction. It is a paradise for surfers and spiritual growth. The official tourist season on the island lasts from May to October. However, tourists are here all year round; it's just that there are fewer good days for swimming and water sports in winter. Complexes and villas on the ocean are in the greatest demand in Bali.

It is worth noting that Indonesia, in particular the island of Bali, is also a promising destination for investment in tourist commercial real estate. According to experts, the amount of net profit from the sale of apartments purchased in Bali during the construction phase will be 44% in three years. When renting real estate, you can return the investment in 5-6 years. However, the investor should carefully choose a developer, it is better if he has international work experience. It is also important to pay attention to the type of real estate and the location. A profitable investment option in Bali is the purchase of premium apartments ANTA Residence Canggu from the reliable international developer ANTA Group.

Read more about Indonesia and the basic rules for staying on the island in our checklist.

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Daria Rogova, Head of Insurance at Visit World

To move, travel or work safely in a new country, you will need travel insurance. You can apply for an extended policy on our website here.

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