If you’re reading about countries with the cheapest land per acre for sale in the world, then you must be a potential buyer looking to find cheap land. Buying land is not exactly something all of us do as it is expensive. But prices vary greatly not only from country to country but from city to city.
Price of land depends on several factors, and if you are looking for a cheap place to live, then you should not consider any of 10 most expensive cities in the world to buy real estate. You should be looking into 17 cheapest places to live in the world that speak English.
In major cities, the land is very expensive, and that is why many prefer to buy agricultural land. An hour away from the city, you can already find much more affordable land, and a few countries that offer such opportunities are Canada, America, and Australia. Powered by Earth provides more insight into cheapest land for sale across the U.S. with under $1,000 per acre.
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When it comes to cheapest property in the world for sale, there are many options in Europe as well that are quite affordable. According to sources, the land became much cheaper during the last few years in some parts of Europe, and Expat Focus provides insight into this matter. You may also benefit from checking out our list of 10 easiest countries to buy a house in the world.
One of the relevant factors when deciding whether it is profitable to purchase land is to ask yourself are you looking for a short-term or long-term gain? Buying land near cities that are expanding fast sounds like a great idea, but it is important to think about what are you hoping to gain and when.
We must say that searching for data on cheapest agricultural land in the world was not a light task as we didn’t have access to such a large and detailed report concerning every country in the world. The information is scarce and often unreliable. However, thanks to various sources, we were able to compare affordability of land for sale worldwide and come up with a list. So, in order to do so, we had to consider cheapest agricultural land in the world as well as prices of properties for sale. To avoid confusion, we will not mention specific prices. We then selected the countries often mentioned in sources such as Gateway to South America, Powered by Earth, Gumtree, Sovereign Man, etc., and we ranked them in a random way. We have also provided links for each country where you can find more information on land prices.
Here are the 10 countries with the cheapest land per acre for sale in the world.
10. Ireland
While prices of land have recently gone up in Ireland, it is still possible to acquire agricultural land for relatively low prices. You can find more information about prices here.
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9. Australia
In Australia, it is still possible to find cheap land especially if you are looking for unused land for a farm. What’s expensive in Australia are houses apparently, but since there is plenty of unused lands, it can be bought very cheaply. You may find ridiculously cheap land outside of great cities, but you can read more about that on Commercial Real Estate.
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8. Greece
After the economic crisis that Greece went through in recent years, many people travel to this country on vacations as it is more than affordable. So, Greece is also one of the countries with the cheapest land in the world for sale, at least according to our sources. You can check out this website if you are interested in their prices.
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7. Canada
It seems to be a general fact that agricultural land in Canada is rather affordable. There are many parts of Canada that are uninhabited where you could find potential land for sale. In fact, some Canadian cities were giving away land for free a few years ago. You can read more about it here.
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6. The United States
According to Powered by Earth, it is possible to find very cheap land in the U.S. For example, you can find land for under $1,000 depending on the location.
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5. Spain
Apparently, cheapest land for sale in Europe also includes Spain, so anyone looking for such an opportunity should look into this matter. Although, prices are slightly higher now than they used to be according to this report.
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4. Portugal
Land used to be shockingly cheap in Portugal until recently but while it is not exactly free anymore, it is still significantly cheaper than in other parts of the world. According to sources, there is a possibility to purchase property and obtain tax-free residency.
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3. Russia
Apparently, there is cheap land in Russia as well, and a few years ago, the country was even giving away free land, although in Siberia. Due to low demand, farmland in Russia is much cheaper than other parts of Europe, according to Russia Beyond.
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Up next we have one of the countries with the cheapest land in South America.
2. Paraguay
If you are looking for agricultural land, you should think about Paraguay as this land is also very affordable in this country. According to this report, you can find land for as little as $25-$600 per hectare.
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1. Bolivia
According to Gateway to South America, Bolivia is the country where you’re going to find the cheapest land per acre in the world, due to its low level of development.
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This wraps it up for our list of countries with the cheapest land per acre for sale in the world.
