Friday, November 8, 2024

These CBI/Golden visa countries have the lowest property prices

We decided to check on which countries had the lowest property prices in Europe and the outcome is quite interesting. It turns out Moldova had the cheapest property prices in Europe, since the citizenship scheme in Moldova is suspended, Montenegro is taking the first spot for lowest property prices in Euroep

 

With CIP around the corner,  and soon to open for applications, Montenegro has the lowest property prices among all countries in Europe.  This presents an exciting opportunity for investors to invest in Montenegro real estate. The Montenegrin citizenship by investment program requires investors to invest atleast €250K (outside capital) or €450K (in capital Podgorica)

 

Among the golden visa countries, Greece still has the lowest property prices. Monaco and United Kingdom are the most expensive places to buy property.

 

Turkey is seeing a real estate boom since the introduction of citizenship scheme in 2018, but the falling value of turkish lira, makes it attractive to buy property in Turkey. Property buyers of $250,000 or more  eligible for turkish citizenship and passport

 

These are the residential property prices in CBI and Golden visa countries per square meter.

 

CBI countries

  • Montenegro – € 1,400
  • Bulgaria – € 1,663
  • Cyprus – € 1,678
  • Turkey – € 4,581
  • Malta  –  € 4,576

 

Golden visa countries

  • Greece – € 3,619
  • Portugal – € 3,830
  • Spain – € 4,978

 

Europe

Country Prices / sq.meter 
Monaco € 44,522
UK € 21,179
France € 12,796
Russia € 11,866
Austria € 11,559
Switzerland € 11,476
Norway € 8,281
Sweden € 6,991
Netherlands € 6,902
Finland € 6,609
Italy € 6,589
Czech Rep. € 6,505
Germany € 5,907
Spain € 4,978
Luxembourg € 4,605
Turkey € 4,581
Malta € 4,576
Denmark € 4,279
Portugal € 3,830
Slovenia € 3,657
Greece € 3,619
Estonia € 3,190
Belgium € 3,171
Andorra € 2,915
Slovak Rep. € 2,911
Ukraine € 2,807
Poland € 2,793
Latvia € 2,789
Hungary € 2,515
Serbia € 2,239
Lithuania € 2,163
Croatia € 1,978
Cyprus € 1,678
Bulgaria € 1,663
Romania € 1,591
Montenegro € 1,400
Macedonia € 1,134
Moldova € 965

Source: Global property guide

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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