If you’re dreaming of owning a home but think it’s out of reach, let´s rethink. Around the world, there are hidden gems where real estate prices will make your jaw drop—in a good way! Whether you want to find the cheapest houses to live abroad, retire early, or invest in property, you don’t need millions to make that dream come true.
In this guide, we’ll explore some of the best places globally where you can find the cheapest houses in 2024. From Europe to Asia, the Americas, and beyond, you’ll discover that buying a home doesn’t have to mean draining your life savings.
1. Bulgaria – The Cheapest Houses in Europe
When people think of Europe, expensive cities like Paris or London come to mind, but Bulgaria is Europe’s best-kept secret for affordable homes. Whether you want a cozy home in the countryside or a small apartment in a city like Plovdiv or Veliko Tarnovo, Bulgaria has properties that sell for less than the price of a used car.
In rural Bulgaria, prices for homes can start as low as €5,000–€10,000 for a decent house with a garden! Even in cities, a budget of around €30,000 could get you a modest apartment. With a low cost of living, Bulgaria is an excellent choice for those looking to stretch their euros while enjoying a relaxed lifestyle.
2. Mexico – Affordable Beachfront Living
If you’ve ever dreamed of living near the beach without a sky-high price tag, Mexico is your spot. Cities like Merida and Mazatlán are known for their affordability. But here’s the secret: you don’t have to settle for just one city or town. Mexico has a variety of regions offering cheap houses that still come with all the charm, culture, and sunshine.
In less tourist-heavy areas, you can find homes for under $50,000 USD, sometimes even less if you’re lucky! Whether you want a colorful home in a village or a house near a stunning beach, you’ll be amazed by how far your money goes in Mexico. Plus, you’ll have easy access to delicious food, rich culture, and an affordable lifestyle.
3. Colombia – Cheapest Houses in South America
Colombia is quickly becoming one of the hottest real estate markets for expats and property investors alike. Why? Because it offers both vibrant cities and breathtaking natural beauty at prices that are hard to beat.
Take Medellín, for instance. This city has been dubbed the “City of Eternal Spring” for its perfect climate, and you can find homes starting at just $40,000 USD. Outside major cities, the prices drop even further. Small towns like Manizales or Pereira offer charming houses for under $30,000 USD.
If you’re after adventure and affordability, Colombia should be high on your list.
4. Philippines – Island Paradise on a Budget
For those craving an island lifestyle, the Philippines has some of the most affordable real estate in Southeast Asia. With its breathtaking beaches, friendly locals, and rich culture, it’s easy to see why expats are flocking to this island nation.
On lesser-known islands or rural areas, prices for houses can start as low as $25,000 USD. Even in popular locations like Cebu or Dumaguete, you’ll find homes for under $50,000 USD. Plus, the cost of living is low, which means your dream of island life might just be closer than you think.
5. Romania – Europe’s Hidden Gem
Another Eastern European gem, Romania, is one of the cheapest countries to buy property in 2024. Whether you’re looking for a charming cottage in Transylvania or a city apartment in Bucharest, Romania offers a lot for those on a tight budget.
In rural areas, you can find homes for as little as €10,000–€15,000. Even in some smaller cities, you’ll be able to buy property for around €30,000. With its rolling hills, medieval towns, and growing expat community, Romania offers a blend of affordability and culture.
6. Greece – Snap Up a Home in the Sun
Greece is often associated with luxury, but outside of the main tourist hotspots, there are fantastic deals to be had on homes. Islands like Crete, Rhodes, and even lesser-known islands like Kythira offer budget-friendly real estate options.
In 2024, you can find houses in rural areas or on smaller islands for €30,000–€50,000, especially if you’re open to a fixer-upper. The combination of the stunning Mediterranean scenery and laid-back lifestyle makes Greece an attractive option for bargain-hunting house buyers.
7. Italy – Affordable Homes in Quaint Villages
Italy might surprise you as a place to find cheap real estate, especially with its “€1 house” scheme. Small villages and towns, particularly in Sicily and other southern regions, have houses that cost next to nothing.
If the idea of restoring an old, picturesque home in Italy sounds appealing, you could scoop up a property for as low as €1. Of course, these homes require renovation, but the overall cost is still incredibly low. Even if you don’t want a fixer-upper, homes in smaller towns start at €30,000—a fraction of the price you’d pay in major cities like Milan or Rome.
8. Turkey – A Bargain for Seaside Lovers
Turkey’s combination of beautiful beaches, vibrant cities, and affordable living costs makes it one of the top places to buy property in 2024. Cities like Antalya, Izmir, or smaller coastal towns along the Turkish Riviera offer a wide variety of affordable homes.
For under $40,000 USD, you can find apartments or small homes with sea views. The Turkish real estate market has grown in recent years, but it’s still one of the best places to get a deal on a house with serious investment potential.
9. Thailand – Exotic Living for Less
Thailand has long been a favorite for expats, and it’s easy to see why. The country offers exotic living, friendly locals, and incredible food—all at an affordable price.
In 2024, you can find homes in rural or less touristy areas like Isaan or Chiang Rai for as low as $20,000–$30,000 USD. Even in more popular locations like Chiang Mai or Hua Hin, you can find houses for under $50,000 USD.
The low cost of living and the high quality of life make Thailand a top contender for affordable global real estate.
10. Portugal – Affordable Homes in the Algarve
Portugal’s Algarve region is famous for its stunning coastline and sunny weather. While some parts of the Algarve are on the pricier side, there are still plenty of budget-friendly options in smaller towns and villages.
In 2024, you can find homes in the Algarve for as low as €50,000, especially if you’re looking in quieter areas away from the tourist spots. Portugal’s welcoming environment, mild climate, and low living costs make it a great destination for affordable property buyers.
Conclusion: Cheapest Houses
There you have it—a global tour of where to find the cheapest houses in 2024! Whether you’re after a sunny beach house, a cozy cottage, or an adventure in the mountains, you don’t need a fortune to make your dream of homeownership a reality.
These countries offer not only affordable homes but also great quality of life, rich cultures, and endless opportunities for exploration. So, what are you waiting for? Start your house-hunting adventure and get ready to live your dream life.
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