For those of you on the market to purchase real estate, you might be interested in knowing the easiest countries to buy a house in the world.
I’ve mostly accepted the fact that I will likely never own a house or any type of property in my life. Living in New York and paying a lot for rent means savings only exist in the scope of saving for next month’s bills or rent. I’m content with this knowledge, though, because it means I’m not trapped in any one specific place. Considering I’m only 22, I like knowing that I have the freedom to go wherever whenever as long as I’m still maintaining my lease agreement. Besides, buying a house is really difficult in most markets and costs a lot of money, time, and energy. After you’ve bought a house, you’re responsible for repairs and upkeep, whereas in an apartment you just call your super or landlord to come fix it for you. I prefer the latter.
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Most people who buy houses are at points in their lives where they want to settle down and have a place to be pretty much permanently, like when they want to start a family or get a bigger dog who needs space to roam. For the most part, buying a house means you’re likely in a less crowded neighborhood or area, as opposed to apartment living that crams a lot of people into quite small spaces. There are advantages to buying a house, but the obvious disadvantage is the cost, as evidenced in the most expensive cities to buy a home in the US.
If you’re seeking to house in other countries, you should take the economy and job market into great consideration. Unless, of course, you’re rich, retired, or indifferent, those are two things that matter greatly when you’re picking a new place to live, other than the cost of the move and the climate. Buying a house means you’re stuck there unless you can figure out a way to sell, so choose wisely and not just somewhere super cheap simply because you want to move. Making smart choices is always the best choice.
In order to create this list of easiest countries to buy a house in the world, we used NationMaster to find the real estate prices in cities and outside of cities. We used the price per square meter as our method of ranking. The countries where it’s the cheapest to buy a house are what we determined as the easiest because, as previously discussed, cost is one of the most challenging aspects of buying a house. Typically, it’s more expensive to buy a house inside a city rather than outside, so we averaged those two numbers to create our rankings.
Without further ado, let’s take a look at the easiest countries to buy a house in the world.
10. Yemen
Price per square meter in cities: $502.76
Price per square meter outside cities: $391.20
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9. Kenya
Price per square meter in cities: $478.86
Price per square meter outside cities: $302.12
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8. Namibia
Price per square meter in cities: $476.76
Price per square meter outside cities: $338.35
7. Lesotho
Price per square meter in cities: $462.90
Price per square meter outside cities: $398.09
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6. Brunei
Price per square meter in cities: $399.81
Price per square meter outside cities: $287.54
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5. Laos
Price per square meter in cities: $265
Price per square meter outside cities: $257.50
We’re halfway through our list of easiest countries to buy a house in the world, and now, let’s see the other half.
4. Suriname
Price per square meter in cities: $190.56
Price per square meter outside cities: $120.89
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3. Tanzania, Eastern Africa
Price per square meter in cities: $78.33
Price per square meter outside cities: $314.03
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2. Cuba
Price per square meter in cities: $170
Price per square meter outside cities: $150
1. Grenada, Southern Caribbean Sea
Price per square meter in cities: $15
Price per square meter outside cities: $7
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That concludes our list of the easiest countries to buy a house in the world. Where do you think you’d choose to settle down with a beautiful new home?
