Top 10 Cheapest Cities in The European Union to Buy a House
Are you looking for an affordable place to buy a house or apartment in Europe? Look no further! We’ve compiled a list of the top 10 cheapest cities in the EU to buy a property in 2023. From charming small towns to bustling cities, there’s something for everyone on this list.
1. Burgas, Bulgaria
Price per sqm (outside city center) - €756
Price per sqm (city center) - €1227
Burgas is a city on the Bulgarian Black Sea Coast in the region of Northern Thrace. It is the second largest city on the Bulgarian Black Sea Coast and the fourth-largest in Bulgaria after Sofia, Plovdiv, and Varna. The city has a population of around 200 000 inhabitants. Burgas is a large industrial center with many tourist attractions. Some of the must-see attractions include the Sea Garden, St. Anastasia Isle, Poda Protected Site, Mall Galleria Burgas and Archeological Museum Burgas.
2. Varna, Bulgaria
Price per sqm (outside city center) - €985
Price per sqm (city center) - €1631
Varna is the third-largest city in Bulgaria and the largest city and seaside resort on the Bulgarian Black Sea Coast and in Northern Bulgaria. Situated strategically in the Gulf of Varna, the city has been a major economic, social and cultural center for almost three millennia. Varna is a combination of port city, naval base and seaside resort. It’s an appealing place to go that is packed with history yet thoroughly modern, with an enormous park to amble round and a lengthy beach to lounge on.
3. Craiova, Romania
Price per sqm (outside city center) - €1023
Price per sqm (city center) - €1502
Craiova is the sixth-largest city in Romania and the capital of Dolj County. It is situated near the east bank of the river Jiu in central Oltenia. The city has a population of 270 000 inhabitants. Craiova is a city with a rich history and culture. It is home to many museums and cultural institutions such as the Art Museum, the History Museum of Oltenia, and the Craiova Philharmonic Orchestra.
4. Oradea, Romania
Price per sqm (outside city center) - €1109
Price per sqm (city center) - €1570
Oradea is one of the most important economic, social and cultural centers in the western part of Romania. The city is located in the north-west of the country, nestled between hills on the Crișana plain, on the banks of the river Crișul Repede, that divides the city into almost equal halves. Oradea is a multicultural city with Romanians (73.1%) and Hungarians (24.9%) forming the two major ethnic groups. Both of these cultures are apparent in the city giving it a special charm and pleasant mix of architecture.
Oradea is also one of the main education centers of Romania. The city is home to the University of Oradea, one of the largest universities in the country. There are also several private universities, one being Agora University, a modern academic institution founded in 2000.
5. Bergamo, Italy
Price per sqm (outside city center) - €1200
Price per sqm (city center) - €2587.5
Bergamo is a city in the Lombardy region of northern Italy, approximately 40 km northeast of Milan, and about 30 km from Switzerland, the alpine lakes Como and Iseo and 70 km from Garda and Maggiore. The Province of Bergamo is a province in the Lombardy region of Italy, with a population of 1.11 million inhabitants. Its capital is the city of Bergamo. Bergamo was originally the center of the Orobi tribe, and became a Roman town (Bergomum) in 196 BC.
Art and history come together in this ancient city: the medieval Upper Bergamo, surrounded by walls and crossed by countless cobblestone alleys, holds numerous Roman ruins, Renaissance churches, XVIII Century palaces and neoclassical facades overlooking its famous Piazza Vecchia.
6. Palermo, Italy
Price per sqm (outside city center) - €1200
Price per sqm (city center) - €1622
Palermo is the capital of Sicily. It is the largest island in the Mediterranean sea and is located at the bottom of Italy in close proximity to Tunisia and Malta. Palermo has a population of 676,000 and a greater metropolitan population of 1.3 million. It serves as the island’s cultural and economical center. The city is known for its history, culture, architecture and gastronomy, playing an important role throughout much of its existence; it is over 2,700 years old. Palermo is one of the warmest cities in Europe (mainly due to its warm nights), with an average annual temperature of 18 °C (64 °F). It is also one of the warmest cities in Italy. People living in Palermo enjoy around 2530 hours of sunshine per year.
7. Patras, Greece
Price per sqm (outside city center) - €1221
Price per sqm (city center) - €1621
Patras is Greece’s third-largest city and the regional capital of Western Greece, in the northern Peloponnese, 215 km (134 mi) west of Athens. The city is built at the foot of Mount Panachaikon, overlooking the Gulf of Patras. Patras is a bustling student city, a place where entertainment, history and culture mingle together to create a destination filled with wonderful discoveries. Gifted by nature, Patras is nowadays a commercial hub and Greece’s third most significant city. It has a population of 222,460 people.
8. Sibiu, Romania
Price per sqm (outside city center) - €1228
Price per sqm (city center) - €1542
Sibiu is a middle-sized well-preserved fortified medieval town in central Romania, situated in the historical region of Transylvania. It lies along the Cibin River at an elevation of 1,350–1,400 feet (410–425 metres) above sea level. Sibiu is situated near the geographical center of Romania. The city is about 20 km (12 mi) from the Făgăraș Mountains, 12 km (7.5 mi) from the Cibin Mountains, and about 15 km (9.3 mi) from the Lotru Mountains, which border the depression in its southwestern section.The city has a population of 134,309.
9. Catania, Italy
Price per sqm (outside city center) - €1242
Price per sqm (city center) - €1783
Catania is a city on the eastern coast of Sicily, an island in southern Italy. It is located on the Ionian Sea and at the foot of Mount Etna, a volcano. It is the second largest city in Sicily and one of the largest in Italy. It was founded by Greek settlers from Naxos in the 8th century BC and later renamed by Syracuse rulers. It is a major transport, university, economic, and cultural hub in the region.
10. Brasov, Romania
Price per sqm (outside city center) - €1252
Price per sqm (city center) - €1629
Brasov is a city in the Transylvania region of Romania, ringed by the Carpathian Mountains. It’s known for its medieval Saxon walls and bastions, the towering Gothic-style Black Church and lively cafes. Piața Sfatului (Council Square) in the cobbled old town is surrounded by colorful baroque buildings and is home to the Casa Sfatului, a former town hall turned local history museum. The nearby Bran Castle is linked to the legend of Dracula. The castle was built in 1212 and became famous thanks to Bram Stoker’s novel “Dracula” .
To conclude, real estate prices in Eastern and Southern European countries like Bulgaria, Romania, Italy and Greece are very attractive, especially when compared to big western cities. There are several beautiful small and mid-sized cities in those countries that offer high quality of living at a low cost.
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