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Five Inexpensive European Capitals to Buy an Apartment

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What type of real estate can you choose to invest in if the budget is not very large? Consider inexpensive apartments in several European capitals. Surprisingly, square meters in many capital cities are cheaper than resort properties. At the same time, you can still make money on such an investment.

Why Capital Cities?

The main cities of every country usually are considered for investment and residence. An apartment in Paris, Berlin, or Rome does not need to be a dream! From a practical point of view, there is always a demand for real estate in megacities.

Judge for yourself: universities, authorities, offices of large companies, medical centers are usually located in the capitals. The main attractions are most often concentrated there, together with the main airports, train stations, seaports. Human flows flock to them: tourists, students, immigrants, business travelers, and so on. They all need somewhere to live. Apartments for rent in large cities are constantly in demand. That is why real estate in the capitals, as a rule, increases in price.

However, real estate is already prohibitively expensive in the main cities of many European countries. You will have to pay more than half a million euros for a good apartment in Paris or London! Investors are already turning away from some European capitals for that reason.

We are used to looking at Eastern Europe counting on low prices, but investors' interest in the tidbits in recent years has been so great that prices there have soared! For instance, prices have doubled in Budapest over the past eight years. Prague has already turned into a city for the rich.

Fortunately, there are still places on the map of Europe where you can buy real estate in the capital city relatively inexpensively.

Podgorica, Montenegro

Podgorica, Montenegro

A square meter of housing in the capital city costs on average €1,000, real estate prices reach €2,000 in prestigious areas.

Investors and tourists are primarily interested in the famous resorts of Montenegro, like Budva, Bar, Herceg Novi. Meanwhile, about a quarter of the country's population lives in the capital city – 150,000 people. Podgorica has a university, offices of large companies, the airport, and a train station, so it is better to consider real estate for long-term rental here.

If you are going to move to Montenegro, it is worth exploring the capital city option. Yes, you will have to give up the sea view from your balcony. But theaters, clinics, and even large shops are worth looking for in Podgorica. Resort towns often have only a minimal set of services. By the way, it will be possible to get to the sea from the capital in half an hour.

The history of Podgorica is ancient but sad: the city was destroyed during the Second World War. Therefore, almost the entire housing stock is post-war, and the houses of the socialist period are typical Soviet buildings. Active construction of modern buildings began already after the declaration of independence of Montenegro.

Real estate in Podgorica:
House for 245 000 euro in Golubovci, Montenegro
245 000 €
House in Golubovci, Montenegro
260 sq.m 4
Residence
№ 5064. Golubovci. 13 km from the capital - Podgorica, excellent rural estate: on a plot of 2.480 sq m (25 acres): 2 utility rooms, a hangar 30 x 10 m (height 3.9 m) and a two-storey house with an area of 260 sq. m.: 1st floor - living room, kitchen-dining room, bedroom, bathroom. 2nd floor - living room, kitchen-dining room, three bedrooms,...
Real Estate & Building Company «ADRIATIC SEA EXPERT»
Flat for 130 000 euro in Podgorica, Montenegro
130 000 €
Flat in Podgorica, Montenegro
89 sq.m 2
Residence
The object code is 1.27.13.8204For sale a two-bedroom apartment in Podgorica, in the Brotherhood of Unity, street No. 3. The apartment has an area of 89m2, with a garage of 13 m2. The apartment consists of: living room with dining area, kitchen, two bedrooms, bathroom, hallway and terrace. The apartment is sold fully furnished. Ready to move in....
DOO TradeGoria
Flat for 180 000 euro in Podgorica, Montenegro
180 000 €
Flat in Podgorica, Montenegro
65 sq.m 2
Residence
The object code is 1.27.13.8935 Description: For sale two-bedroom apartment City Kej, Podgorica. The apartment is oriented to the east. The house is built of high quality materials. In the living room and bedrooms, the floor is made of three-layer parquet of the Tarkett type - brushed oak, ceramic tiles of the first class are installed in the...
DOO TradeGoria
House for 285 000 euro in Podgorica, Montenegro
285 000 €
House in Podgorica, Montenegro
310 sq.m
Residence
The object code is 5.27.11.10436 We offer for sale a house in Podgorica, Zlatitsa district, with a total area of 310m2, a land plot of 700m2Structure of the house : Basement with 4 rooms Ground floor: corridor, living room, kitchen, 3 bedrooms , bathroom, storage room Internal staircase to the second floor and basement Second floor: corridor,...
DOO TradeGoria
House for 150 000 euro in Podgorica, Montenegro
150 000 €
House in Podgorica, Montenegro
52 sq.m
Residence
The object code is 5.27.11.10439 We offer for sale two houses with an area of 52m2 and 64m2, on a plot of 490m2 in Podgorica, Zlatitsa district. The city center is 4.5 kilometers away, 10 minutes by car Near the main road Podgorica- Kolasin Within walking distance famous restaurant Gošović, Primary school (up to 9th grade) Mail Refill...
DOO TradeGoria
Villa for 945 000 euro in Podgorica, Montenegro
945 000 €
Villa in Podgorica, Montenegro
435 sq.m 6 4 4
New modern villa in an exclusive village in the capital of Montenegro with a view of the whole city. The project is located in a carefully chosen location, on a small hill Mihinje near the Sitnice River. Easy transport accessibility - from the complex it is convenient to get to any place of the city, the coast and the airport. This is a place...
VALUE.ONE
Villa for 895 000 euro in Podgorica, Montenegro
895 000 €
Villa in Podgorica, Montenegro
435 sq.m 5 4
Residence Online Viewing Remote Transaction
New luxury project in Podgorica overlooking the city. An exclusive village consisting of individual villas, villas with apartments, 3 or 9 apartments. apartments with one, two or three bedrooms. The settlement will have everything necessary for life, transport accessibility to the city center and the entire infrastructure of the city. Private...
Monte Condos
Flat for 310 000 euro in Podgorica, Montenegro
310 000 €
Flat in Podgorica, Montenegro
109 sq.m 3 1
Residence
Living area: 109 m2 Terraces: 3 Bedrooms: 3 Bathroom: 1 Storage room in the apartment + utility room in the house Location: Podgorica, Roman Square The layout of the apartment: a spacious living room combined with a dining area and a kitchen, 3 bedrooms, 1 bathroom, 3 terraces, a pantry + utility room in the house. Location: the apartment is...
Galeo
Flat for 310 000 euro in Podgorica, Montenegro
310 000 €
Flat in Podgorica, Montenegro
109 sq.m 3
Residence
The object code is 1.27.13.11355 We offer for sale a luxury apartment in the very center of Podgorica in the houseon the Roman Square.Features:Living area: 109 m2Terraces: 3Bedrooms: 3Bathroom: 1Storage room in the apartment + utility room in the houseLocation: Podgorica, Roman SquareOne of the most pleasant areas of the city: near 2 large...
DOO TradeGoria
Flat for 165 400 euro in Podgorica, Montenegro
165 400 €
Flat in Podgorica, Montenegro
70 sq.m 3
Residence Remote Transaction
We offer for sale a two-bedroom apartment in a new low-rise building in a promising and sought-after location: about 2 minutes on foot from Delta City (City Quarter district). Exemption from paying 3% tax. The area is 70 sq.m., balcony. Landing. 2 bathrooms. A low-rise modern building with 3 floors, the house has only 21 apartments. The...
Smart&Rich Montenegro
House for 130 000 euro in Podgorica, Montenegro
130 000 €
House in Podgorica, Montenegro
116 sq.m 5 3 2
Residence
7172. Podgorica, nearest suburb (countryside) Tolosi. Two-storey house at the base 58 sq. m, gross area 116 sq. m. Internal area (excluding walls and partitions) 90 sq. m (2 x 45 sq. m). Ground floor: corridor, living room, kitchen, bathroom (furniture available, accommodation possible). Internal staircase to the second floor. Second floor:...
Real Estate & Building Company «ADRIATIC SEA EXPERT»
Flat for 170 000 euro in Podgorica, Montenegro
170 000 €
Flat in Podgorica, Montenegro
65 sq.m 1
Residence
The object code is 1.27.13.11608 SALE €170,000 Podgorica, Montenegro. The area is 65 m2. Bedroom 1, another room for an office or a second bedroom, a living room with a kitchen, a hall, 2 bathrooms. Access to the terrace from the living room and from the bedroom. Panoramic view of the city and mountains. The perfect location. City Key House,...
DOO TradeGoria
House for 333 000 euro in Podgorica, Montenegro
333 000 €
House in Podgorica, Montenegro
330 sq.m
Residence
For sale two-storey house with an area of 330 sq. m on a landscaped plot of 550 sq. m. The house is divided into two separate apartments. The first apartment is located on the ground floor and has an area of 120 sq. m. It consists of an entrance hall, living room, kitchen with dining area, 3 bedrooms and a bathroom. The second apartment is...
Mercury Group
Flat for 195 000 euro in Podgorica, Montenegro
195 000 €
Flat in Podgorica, Montenegro
65 sq.m 2
Residence
DescriptionPodgorica, Montenegro. Area 65 m2. Bedroom 2, another room for an office or a second bedroom, living room with kitchen, hall, 2 bathrooms. Exit to the terrace from the living room and from the bedroom. Panoramic views of the city and mountains. Ideal location. City Key house, just 10 minutes to the center. Nearby there is a park and...
Tradegoria Global Estate
Flat for 70 400 euro in Podgorica, Montenegro
70 400 €
Flat in Podgorica, Montenegro
44 sq.m 1
Residence
DescriptionApartment in Podgorica Zabielo district Area 43.8 m2 The garage space is sold separately at a price of 8,000 euros. Price 1600 euro/m2
Tradegoria Global Estate
Flat for 85 000 euro in Podgorica, Montenegro
85 000 €
Flat in Podgorica, Montenegro
53 sq.m 2
Residence Remote Transaction
Apartment for sale in Podgorica. The area is 53 sq.m. (actually 55 sq.m.) 1 bedroom. A spacious terrace. Quiet area, there are no problems with parking in the yard. The house was built in 2015. An apartment without encumbrances with one owner. The address is Bulevar vojvode Stanka Radonjića 133.
Smart&Rich Montenegro
Flat for 195 000 euro in Podgorica, Montenegro
195 000 €
Flat in Podgorica, Montenegro
64 sq.m 3 2 2
Residence Online Viewing Remote Transaction Cryptocurrency payment
The apartment is located in a modern building near the Moraca River and Gorica hill, Zagorica district. Just 3 minutes by car from the center or 10 minutes on foot. The area is ideal for family holidays. The apartment offers a fantastic view of Gorica hill and the old part of Zagorica, full of greenery. The area of the apartment is 64m2. The...
Belyj Slon
House for 330 000 euro in Podgorica, Montenegro
330 000 €
House in Podgorica, Montenegro
480 sq.m 8
Residence Online Viewing Remote Transaction
ID 1310 Apartment building for sale in Podgorica The house has two one-bedroom apartments and two three-bedroom apartments, a garage, and a basement. Each apartment has its own separate entrance After the builders Location: Podgorica, Donja Gorica district Area: 480 m2, plot 950 m2 Cost 330,000 euros
Peters Group Real Estate
Flat for 88 500 euro in Podgorica, Montenegro
88 500 €
Flat in Podgorica, Montenegro
50 sq.m 1 1
Residence Online Viewing Remote Transaction
ID-1528 One bedroom apartment for sale in a building under construction in Podgorica The house will be delivered in July 2024 Location: Podgorica, Zabjelo district Number of bedrooms: 1 Floor: 3rd floor Area: 50 m2 Parking space: in front of the house A swimming pool and spa area are planned for the house Cost 88,500 euros
Peters Group Real Estate
Flat for 195 000 euro in Podgorica, Montenegro
195 000 €
Flat in Podgorica, Montenegro
65 sq.m 2 2
Residence Online Viewing Remote Transaction
ID-1540 Two bedroom apartment for sale in a new building in Podgorica Location: Podgorica, Zagoric district, City Key residential complex The complex is located near the river Number of bedrooms: 2 Number of bathrooms: 2 Floor: 6th floor Area: 65 m2 Cost 195,000 euros
Peters Group Real Estate

The small number of ancient monuments is also explained by large-scale destruction. The Millennium Bridge over the Moracha River, which was opened in 2005, is one of the new points of attraction.

Podgorica is located in an earthquake-prone area, so you will not find high-rise buildings here. Apartment buildings of five to seven floors predominate. New facilities are high-quality economy or business class housing. Prices in the capital are significantly lower than in cities by the sea since most of the investors are into resorts.

The most prestigious neighborhoods are in the center and near the large Delta City shopping complex. There are also many private houses in and around the capital.

Also read:
Real Estate in Montenegro. How to Get the Most for Reasonable Money
Real Estate in Montenegro. Overview of Cities for Permanent Residence

Tirana, Albania

Tirana, Albania

The average cost of a square meter in the capital city is €1,100; prices range from €700 in residential areas to €4,000 in new houses in the center.

About 500,000 people live in Tirana, and about 1 million - in the metropolitan agglomeration. That makes up to a third of the total population of the country.

Unlike Podgorica, Tirana avoided massive destruction during WWII. It is the capital city of Albania for more than a century, therefore, you can admire ancient monuments since Ottoman times. Nevertheless, there are many buildings from the time of socialism. The city has a lot of interesting examples of modern architecture nowadays. The transformation of Tirana became especially vivid in the '90s, when the professional artist Edi Rama, now the Prime Minister of Albania, became the mayor of the city.

The center of Tirana is Skanderberg Square. The famous boulevards of the capital depart from the square: Boulevard Zog I, Zhan D'Ark Boulevard, Dëshmorët e Kombit Boulevard – one of the most beautiful places in the city. The oldest districts are Bam, Mukho, and Pazari i Ri. In the other direction from the square begins the New Tirana: an elite central area that extends to the university campus.

Real estate in Tirana:
Apartment for 150 000 euro in Tirana, Albania
150 000 €
Apartment in Tirana, Albania
120 sq.m 4 3 2
Spacious apartment, 4 rooms 2 bathrooms. Apartmnet is facing south and has sun light all day.
Habita International Estates Ltd
Apartment for 135 000 euro in Tirana, Albania
135 000 €
Apartment in Tirana, Albania
88 sq.m 1 1 1
Open space premises with possibility to be used as business or living premises with surface 56.6m square.
Habita International Estates Ltd
Apartment for 165 000 euro in Tirana, Albania
165 000 €
Apartment in Tirana, Albania
113 sq.m 3 2 1
Fully renovated and furnished apartment for sale in Tirana.
Habita International Estates Ltd
Villa for 750 000 euro in Tirana, Albania
750 000 €
Villa in Tirana, Albania
295 sq.m 3 3
Residence Online Viewing Remote Transaction Cryptocurrency payment
VENTURE PARK City Vilas Residence The project is composed of 32 Vilas. Its a very well thought design being built with the highest standarts. For more info: +355 694 040 723
Polaris Construction
Flat for 220 000 euro in Tirana, Albania
220 000 €
Flat in Tirana, Albania
70 sq.m 2 1 1
Residence Remote Transaction Cryptocurrency payment
Turquoise Marina From the boat to the house… The residence of innovations brings for the first time in Albania the residential marina with mooring port & parking place for watercraft. A grand project situated in the coast of albania by the adriatic sea. The flat is located on the ground floor and has an area of 69.9. and has a...
Polaris Construction
Flat for 199 000 euro in Tirana, Albania
199 000 €
Flat in Tirana, Albania
89 sq.m 2 1 1
Residence Remote Transaction Cryptocurrency payment
Palladium Residence Located in Tirana, near the "Liqeni Thate", one of the best zones of Tirana. The project is organized as a Residence, with Security, Fitness, SPA, Underground Parking and Social Building. The apartament is organized as 1+1 typology, with living quarters and 1 bedroom. The property comes with 1 underground parking...
Polaris Construction

Now the capital is being transformed following the "Tirana-2030" plan. Within its framework, the development will become more orderly and modern, and the city itself will become greener, with new parks, bike paths, and an emphasis on electric vehicles. 

Albania is one of the cheapest countries in Europe, and real estate prices are no exception. Perhaps that is why foreign buyers have come to love it so much: about a third of transactions are conducted by foreigners. However, they rush to the resorts, and the capital remains in the shadows.

Nevertheless, from the point of view of investment, this is a good choice. In addition to the standard set - universities, museums, theaters, stadiums, banks, business centers - Tirana remains the center of the country's industry. The largest factories are here, which means that specialists and line employees flock here. Real estate prices in Albania continue to rise, the pandemic has not stopped them, which means that the investor will be able to receive income from the resale.

Also read: 
The Law on Albanian Citizenship by Investment Gets Real
The Procedure of Buying Realty in Albania

Sofia, Bulgaria

Sofia, Bulgaria

The average price per square meter in the city is €1,200, the most expensive apartments in the center are €2,000, the cheapest in the campus area are €900 thousand per sq.m.

About 1.5 million people live in the Bulgarian capital - about a quarter of the total population. Although most tourists go to the Black Sea resorts, there is also something to see in Sofia.

There are two dozen universities, many theaters, and museums. Buses, trolleybuses, and trams travel around the city, three metro lines operate.

Although the history of Sofia goes back to antiquity to the times of the Roman period can be found in the city, the part of the development appeared after WWII, during which the Bulgarian capital suffered significantly. 

Real estate in Sofia:
Flat for 124 000 euro in Sofia, Bulgaria
124 000 €
Flat in Sofia, Bulgaria
75 sq.m 3 2 1
The complex has its own park and panoramic mountain views About the residential complex project area 1.4 ha the area of the park 4000 m2 number of apartments 264 number of parking lots 268 This is the largest comfort-class club complex in the rapidly developing area of Sofia, Malinova Valley with a closed protected area with...
Invest Cafe
Studio for 86 000 euro in Sofia, Bulgaria
86 000 €
Studio in Sofia, Bulgaria
52 sq.m 1 1 1
Online Viewing Remote Transaction Cryptocurrency payment
A unique project in Sofia at the stage of closed sales, in a well-maintained area that is dynamically developing, already has a ready-made infrastructure suitable for both living and investing. The house itself is already ready with Act 14. Delivery of the 4th quarter of 2024. I will send the presentation and the website on request. ***...
Invest Cafe
Flat for 136 350 euro in Sofia, Bulgaria
136 350 €
Flat in Sofia, Bulgaria
75 sq.m 2 1
Rental property
Malinova Valley Quarter Malinova Valley, where the NAKAMA PARK RESIDENCE complex is located, is a prestigious southern quarter of Sofia, which has all the amenities, entertainment and developed infrastructure - a business park, large shopping centers, grocery stores, schools, kindergartens, hospitals, etc. A 5-minute drive away is the...
VRC Idrisova

Sofia is a very green city which differs it from many other European cities. The main city park is on Vitosha Mountain, there is also a popular ski resort.

Although there is noticeable tourist traffic in the city, realtors recommend focusing on long-term rentals. That is both more reliable and less troublesome. For the same reason, it is best to choose locations near universities, business districts, or large enterprises, of which there are many in Sofia. Real estate in the city center brings an income of about 4-6% per annum. On-campus, you can get up to 7%.

Also read:
Bulgaria is Going to Cancel the Citizenship by Investment Program
The Cheapest Areas of Burgas, Varna, and Plovdiv for Buying Real Estate

Athens, Greece

Athens, Greece

A square meter of apartments in the city center costs €1,500–2,500, in rich suburbs - €2,500-4,000, liquid economy class options cost around €1,000per sq.m.

The Greek capital is the undisputed leader. It is the largest city (3 million people) and a world-famous landmark, an open-air museum. Indirect confirmation of this is that real estate in Athens is not cheaper than in Greek resorts.

Athens is a large city that lives in a rhythm familiar to residents of megacities. There are a lot of museums, theaters, clubs, restaurants, well-developed transport, including metro and high-speed tram. At the same time, the Greek capital has typical problems of large cities: dilapidated houses in some districts, dirt, high crime rates, clusters of illegal migrants.

Urban architecture is a mixture of epochs and styles, but it is possible to distinguish several major waves. In the XX century, Athens developed rapidly, the population grew several times. Mass construction of inexpensive multi-story houses began in the city. Another milestone was the 2004 Olympic Games when the transport infrastructure was significantly improved. Nowadays, many advanced construction projects are being implemented in Athens, the largest and most famous of which is the construction of the former Ellinikon International Airport.

Real estate in Athens:
Flat for 190 000 euro in Athens, Greece
190 000 €
Flat in Athens, Greece
92 sq.m 3 2 1
Apartment for sale with an area of 92 sq.m in Athens. The apartment is located on the seventh floor and consists of 2 bedrooms, a living room, one kitchen, one bathroom. The facility has solar panels for water heating, heating. The property is sold furnished. There is an elevator in the building. Also available is an apartment of 85 sq.m....
GREKODOM DEVELOPMENT A.E
Flat for 320 000 euro in Athens, Greece
320 000 €
Flat in Athens, Greece
85 sq.m 3 2 1
Residence
Apartment for sale with an area of 85 sq.m in Athens. The apartment is located on the eighth floor and consists of 2 bedrooms, a living room with a kitchen, one bathroom. The windows offer a magnificent view of the mountains, the city, the forest. The object has awnings, heating. The property is sold furnished. There is an elevator in the...
GREKODOM DEVELOPMENT A.E
Townhouse for 1 980 000 euro in Athens, Greece
1 980 000 €
Townhouse in Athens, Greece
160 sq.m 4
Residence
For sale maisonette of 160rs in central Greece. The maisonette has one level. Extras included with the property: parking space. The property boasts a swimming pool of private use.
Mercury Group
House for 1 920 000 euro in Athens, Greece
1 920 000 €
House in Athens, Greece
480 sq.m 5 2
Residence
For sale 3-storey house of 480rs in Athens. The semi-basement consists of one bedroom, living room with kitchen, one WC, one storeroom. The ground floor consists of living room with kitchen, living room, one WC. The first floor consists of 4 bedrooms, 2 bathrooms. There are solar panels for water heating, a fireplace, air conditioning, heating...
Mercury Group
House for 1 000 000 euro in Athens, Greece
1 000 000 €
House in Athens, Greece
445 sq.m 6 4 5
Residence
For sale 2-storey villa of 445rs in Attica. The ground floor consists of 3 bedrooms, living room with kitchen, 2 bathrooms, one shower WC, one WC, 2 storerooms. The first floor consists of one bedroom, living room with kitchen, one bathroom, one shower WC, one WC. There are solar panels for water heating, a fireplace, air conditioning and a...
Mercury Group
Townhouse for 674 650 euro in Athens, Greece
674 650 €
Townhouse in Athens, Greece
279 sq.m 5 4 4
Residence
For sale maisonette of 279rs in Attica. The maisonette has 4 levels. The ground floor consists of one bedroom, one shower WC, one WC. The first floor consists of living room with kitchen, one WC, one storeroom. The second floor consists of 2 bedrooms, 2 bathrooms. The third floor consists of one bedroom, one bathroom. A view of the sea, the...
Mercury Group
House for 1 100 000 euro in Athens, Greece
1 100 000 €
House in Athens, Greece
250 sq.m 6 4 3
Residence
For sale 3-storey villa of 250rs in Attica. The ground floor consists of one bedroom, living room with kitchen, 2 bathrooms. The first floor consists of living room. The second floor consists of 3 bedrooms, one bathroom. A magnificent view of the city, the sea, the mountain, the forest opens up from the windows. There is a fireplace, air...
Mercury Group
Flat for 650 000 euro in Athens, Greece
650 000 €
Flat in Athens, Greece
120 sq.m 4 3 1
Residence
For sale apartment of 120rs in Athens. The apartment is situated on the 1st floor. consists of 3 bedrooms, living room with kitchen, one kitchen, one bathroom, one WC. Flat has front layout. A magnificent view of the city opens up from the windows. There are solar panels for water heating, air conditioning and heating. The owners will be leaving...
Mercury Group
Townhouse for 340 000 euro in Athens, Greece
340 000 €
Townhouse in Athens, Greece
145 sq.m 6 3 3
Residence
For sale maisonette of 145rs in Athens. The maisonette has 2 levels. The fourth floor consists of 3 bedrooms, living room with kitchen, living room, one kitchen, one bathroom, one shower WC. The fifth floor consists of living room with kitchen, one shower WC. A magnificent view of the mountain opens up from the windows. There are solar panels...
Mercury Group
Townhouse for 1 325 000 euro in Athens, Greece
1 325 000 €
Townhouse in Athens, Greece
426 sq.m 5 3 3
Residence
For sale maisonette of 426rs in Athens. The maisonette has 3 levels. The semi-basement consists of living room, one kitchen, one bathroom. The ground floor consists of living room with kitchen, one kitchen, one WC. The first floor consists of 3 bedrooms, 2 bathrooms. A view of the forest opens up from the windows. There is a fireplace, air...
Mercury Group
House for 440 000 euro in Athens, Greece
440 000 €
House in Athens, Greece
320 sq.m 5 4
Residence
For sale 2-storey house of 320rs in Attica. The ground floor consists of 4 bedrooms, living room with kitchen, living room, 2 bathrooms, 2 shower WC. The first floor consists of one bedroom. A magnificent view of the sea, the mountain opens up from the windows. The owners will be leaving the furniture with the sale. Bioclimatic stone...
Mercury Group
Flat for 590 000 euro in Athens, Greece
590 000 €
Flat in Athens, Greece
135 sq.m 4 3 1
Residence
For sale apartment of 135rs in Attica. The apartment is situated on the 1st floor. consists of 3 bedrooms, living room with kitchen, one kitchen, one bathroom, one WC, one hot tub. Flat has interior layout. There is a fireplace, air conditioning and heating. The owners will be leaving the furniture with the sale. Building has a lift. The...
Mercury Group
Townhouse for 320 000 euro in Athens, Greece
320 000 €
Townhouse in Athens, Greece
185 sq.m 4 3 1
Residence
For sale maisonette of 185rs in Attica. The maisonette has 3 levels. The semi-basement consists of one storeroom. The ground floor consists of living room with kitchen, one kitchen, one WC. The first floor consists of 3 bedrooms, one bathroom. A view of the city opens up from the windows. There are solar panels for water heating, a fireplace and...
Mercury Group
House for 530 000 euro in Athens, Greece
530 000 €
House in Athens, Greece
143 sq.m 3 2
Residence
For sale 2-storey house of 143rs in Athens. The semi-basement consists of 2 bedrooms, living room, one kitchen, one shower WC. The ground floor consists of one bedroom, living room, one kitchen, one shower WC. There are solar panels for water heating, air conditioning and heating. The owners will be leaving the furniture with the sale. Extras...
Mercury Group
House for 3 186 000 euro in Athens, Greece
3 186 000 €
House in Athens, Greece
400 sq.m 4 2
Residence
For sale under construction 4-storey house of 400rs in Athens. The semi-basement consists of one WCone playroom. The ground floor consists of living room with kitchen, one WC. The first floor consists of 3 bedrooms, one bathroom. The second floor consists of one bedroom, living room with kitchen, one bathroom. The owners will be leaving the...
Mercury Group
Maisonette for 1 600 000 euro in Glyfada, Greece
1 600 000 €
Maisonette in Glyfada, Greece
255 sq.m 6
Residence
For sale a duplex with an area of 255 sq.m in Athens. The duplex is located on 0 levels. The windows overlook the sea. The object has a fireplace. The property is sold furnished. The property includes a parking space, a garden.
GREKODOM DEVELOPMENT A.E
Maisonette for 340 000 euro in Athens, Greece
340 000 €
Maisonette in Athens, Greece
97 sq.m 4 3 1
Residence
Apartment for sale with an area of 97 sq.m in Athens under construction. The apartment is located on the third floor and consists of 3 bedrooms, a living room with a kitchen, one bathroom, one bathroom. The windows offer views of the city. The object has a fireplace, heating. There is an elevator in the building. The property includes a parking...
GREKODOM DEVELOPMENT A.E
Flat for 930 000 euro in Athens, Greece
930 000 €
Flat in Athens, Greece
140 sq.m 5 3 3
Residence
Apartment for sale with an area of 140 sq.m in Athens. The apartment is located on the second floor and consists of 3 bedrooms, 2 living rooms with a kitchen, 3 shower rooms. The object has awnings, heating. There is an elevator in the building. The facility has an alarm system installed. The apartment is located in the Kolonaki district.
GREKODOM DEVELOPMENT A.E
Flat for 1 200 000 euro in Athens, Greece
1 200 000 €
Flat in Athens, Greece
88 sq.m 2 1 1
Residence
Apartment for sale with an area of 88 sq.m in Athens. The apartment is located on the second floor and consists of one bedroom, living room, one kitchen, one shower room, one bathroom. The windows overlook the forest. The facility has air conditioning, awnings. There is an elevator in the building. The apartment is located in the Kolonaki district.
GREKODOM DEVELOPMENT A.E
Maisonette for 350 000 euro in Athens, Greece
350 000 €
Maisonette in Athens, Greece
150 sq.m 2 1 1
Residence
An apartment of 150 sq.m is for sale in Athens. The apartment is located on the third floor and consists of one bedroom, living room, one kitchen, one shower room. The facility has air conditioning, awnings, heating. There is no elevator in the building. The property includes a parking space. The apartment is located in the Egaleio area.
GREKODOM DEVELOPMENT A.E

The most popular areas are, of course, in the center. In the Plaka, you can see the Acropolis from the windows. But real estate there is the most expensive. Some neighborhoods in the center of Athens have a bad reputation. For example, it is not recommended to enter the Omonoia and Exarcheia districts. Seaside locations such as Glyfada, Elliniko, Palaio Faliro, Alimos, IIlioupoli are considered prestigious.

Since the tourist flow in the city is intense, investors have focused on short-term rentals. It provides a stable income. When foreigners disappeared from Greece, the tourist rental market collapsed even though the country stimulated domestic tourism. Although there is a recovery now, the pre-pandemic indicators remain unattainable.

For this reason, for those who are not ready to take risks, it is better to choose an object for long-term rent. Here, as in other cities, you will have to look at the proximity to universities, train stations, and business districts or focus on prosperous suburbs. The rental yield is 4-6% and depends on the region. For small objects, it will be larger. With skillful delivery, you can achieve 10%.

Also read:
Greece is Going to Rase Property Taxes
Greece and the Pandemic. How the Tourist Mecca Deceived All Expectations

Riga, Latvia

Riga, Latvia

Apartments in the center cost €2,000-4,000 per sq.m, in residential areas - €1,000-2,000, typical buildings of the Soviet period - from €700 per sq.m. 

Riga is a world-class tourist gem, the historical center of which is included in the UNESCO World Heritage List. 

In addition, it is the largest city and the main industrial and scientific center of the country. 600,000 people live in Riga – a third of the total population, most universities and research centers are located here.

All this makes the city promising for both short-term and long-term rentals. The real estate market in Latvia in general and Riga, in particular, is doing well today. Prices were rising in 2021: in the third quarter, apartments in Riga rose by 5.13% year-on-year. The yield is about 4%, although small objects in the center can bring 6%. Realtors promise up to 10% with professional management.

Riga is more than 800 years old, and the oldest buildings on the territory of the city date back to about this period. Many attractions in the center also appeared in the XIII-XIV centuries, although most of them were rebuilt. But those objects that are available for purchase to an ordinary investor, of course, belong to the last century.

Real estate in Riga:
Villa for 1 700 000 euro in Riga, Latvia
1 700 000 €
Villa in Riga, Latvia
420 sq.m 5
Residence Credit
We offer a private house built in the tradition of minimalism and functionalism. Located in a quiet and the most prestigious district of Riga - Mezaparks. The house was built in 2006 on a plot of 1020m ². Authors: architect Eva Samovich and Iluta Rode (XYZ). The total area of the building 420.4 m ², 280 m ² which occur in living....
Angel Properties
Flat for 350 000 euro in Riga, Latvia
350 000 €
Flat in Riga, Latvia
104 sq.m 2 1 1
Residence
We offer for sale sunny one-bedroom apartment with a terrace in a new project in the heart of the city of Riga. The apartment is offered with full high quality finishing - wooden double-glazed windows with a view to the courtyard, parquet floors, marble bathrooms, exclusive plumbing, sophisticated and elegant interior design. Built-in kitchen,...
Mercury Group
Flat for 800 000 euro in Riga, Latvia
800 000 €
Flat in Riga, Latvia
199 sq.m 5
Residence
Elegant 5 room apartment in the city center is offered for sale. This apartment is located in historical centre of Riga. The surroundings are breathing the air of early 20th century national romanticism. Beautiful buildings, catholic and orthodox churches nearby, cobble-stoned streets create the atmosphere specific to this part of the town. The...
Mercury Group
Flat for 800 000 euro in Riga, Latvia
800 000 €
Flat in Riga, Latvia
328 sq.m 5
Residence
Area: 328 Square Meters(128+9+191) Rooms: 7 Floor: 1st and 2ndMaintenance Cost: €1.25 per m2Insurance: €320 annually Property Tax: €450 annually Leasing Price: €4,680 monthly Leasing Agreement: 4 years with embassyThanks to the efforts of restorers, the historical part of the Aleksandra Apartments building has recovered its brilliance,...
Mercury Group
Flat for 270 000 euro in Riga, Latvia
270 000 €
Flat in Riga, Latvia
77 sq.m 2 2
Residence
One-bedroom apartment with an area of 77m2. The kitchen area is located in an elongated passage to the living room, thus, the cooking area is hidden from the recreation area in the guest room. An isolated bedroom with its own bathroom, which has both a bathtub and a shower cabin. Bright, cozy apartment with panoramic windows Developed...
VIP Real
House for 1 100 000 euro in Riga, Latvia
1 100 000 €
House in Riga, Latvia
410 sq.m 4 3
Residence
It is offered for rent a spacious, bright house in a prestigious area of Riga, Mezaparka . On the ground floor there are:Living room, kitchen, study (can be used as a guest bedroom), guest bedroom with access to the veranda, bathroom, dressing room, garage, basement. On the second floor: a master bedroom (with its own bathroom and dressing...
VIP Real
Apartment for 558 000 euro in Riga, Latvia
558 000 €
Apartment in Riga, Latvia
116 sq.m 4 3 1
Residence
River Breeze Residence in Klīversala is a truly one of a kind landmark of the city’s silhouette,located on the shore of the Daugava. Premium apartments offer a view to the panorama of OldRiga and its tower. Located right at the heart of Riga and yet making you feel like living in a quietand green garden city.3 bedrooms, 2 bathrooms, living room...
Habita International Estates Ltd
Flat for 750 000 euro in Riga, Latvia
750 000 €
Flat in Riga, Latvia
268 sq.m 6
An exceptionally rare opportunity to own a flat in the Old Town, close to Town Hall Square and St Peter's Church with easy access from the Daugava embankment. The main concept of this place is maximum openness. It is an plenty of open spaces, and also an openness to the present, to traditions and a new aesthetics. The flat occupies an entire...
Mercury Group
Flat for 495 000 euro in Riga, Latvia
495 000 €
Flat in Riga, Latvia
136 sq.m 3 3
Residence
An apartment for sale in the embassy district.The apartment is located in a beautiful, renovated, historic house, which is an architectural monument. The apartment has a living room, a separate kitchen, two bedrooms and three bathrooms (a master bedroom with its own bathroom with shower, a second spacious bathroom with a bathtub, two sinks and a...
VIP Real
Flat for 690 000 euro in Riga, Latvia
690 000 €
Flat in Riga, Latvia
660 sq.m 23 12 4
Residence
A manor with a log building and a second residential house in the territory. Well-maintained green area 15339 m2, paved driveway, fenced area, space for several cars, guarded area. Pool, sauna, showers. 8 rooms on the second floor. Large facade windows. Pond. Pellet heating. A good residential house with the possibility to separate it from the...
Habita International Estates Ltd
House for 255 000 euro in Riga, Latvia
255 000 €
House in Riga, Latvia
138 sq.m 6 3 3
Residence
Two houses on one plot of land for sale. The largest house is divided into three 2-room apartments (probably parts). The smallest house is a separate residential house - 3 rooms, two of them bedrooms. Both are ideal for living. Fully furnished. There is space for several cars in the yard, the road is paved. Quiet and green surroundings.
Habita International Estates Ltd
Flat for 113 145 euro in Riga, Latvia
113 145 €
Flat in Riga, Latvia
40 sq.m 2 1
We offer for sale a modern apartment in a renovated house in the center of Riga.The apartment has a spacious hall combined with a kitchen-dining room, one isolated bedroom and a bathroom.The apartment is equipped with all necessary furniture and appliances. The apartment is decorated in a modern style using natural, high-quality finishing...
VIP Real
Apartment for 280 000 euro in Riga, Latvia
280 000 €
Apartment in Riga, Latvia
132 sq.m 6 3 3
Residence
2-storey apartment for sale in a quiet center, next to Kronvalda Park, embassy region surrounded with Art Nouveau buildings. Own gas heating which makes it very economical. Fireplace for cozy free parking space in thee isolated bedrooms, two of them on the second floor with air conditioning, three bathrooms with high-quality plumbingible to add...
Habita International Estates Ltd
Flat for 264 000 euro in Riga, Latvia
264 000 €
Flat in Riga, Latvia
132 sq.m 4 3
Residence
A duplex apartment with a fireplace is offered for purchase, located in a quiet center at 7 Zala Street. The apartment has a well-thought-out layout. On the ground floor there is a kitchen combined with a dining area, a living room, a bedroom, 2 bathrooms, a corridor. On the second floor there are 2 bedrooms (air conditioning is also...
VIP Real
Flat for 250 000 euro in Riga, Latvia
250 000 €
Flat in Riga, Latvia
133 sq.m 4 2
A spacious four-room apartment is for sale in front of the Riga Dailes Theater. A living room with a balcony, a master bedroom with its own bathroom. a node with a bathroom and a classic bidet, a second bedroom and another isolated room are currently equipped as an office. All rooms overlook Bruninieku and Brivibas Streets, the Dailes Theater....
VIP Real
Flat for 507 000 euro in Riga, Latvia
507 000 €
Flat in Riga, Latvia
134 sq.m 4
Residence
We offer to buy an apartment in the most luxurious place in Riga - the Quiet Center, in the most respectable and prestigious part of the city of Riga, at a small distance from tourist places and therefore with a calmer and more measured lifestyle. Within walking distance are the architectural gems of Jugendstil, listed by UNESCO, a real open-air...
Mercury Group
Flat for 462 000 euro in Riga, Latvia
462 000 €
Flat in Riga, Latvia
154 sq.m 4
Residence
We offer for sale an exclusive apartment in a new luxury project in Riga with a wonderful panoramic view of the Old Town. The quarter of Kliversala is located in the most picturesque part of the centre of Riga, surrounded by the Daugava and Agenskalns Bay. Along the coast, there is a promenade for unhurried walks. In five minutes walking...
Mercury Group
Flat for 550 000 euro in Riga, Latvia
550 000 €
Flat in Riga, Latvia
250 sq.m 5
Residence
For sale two - level apartment an oasis of luxury and comfort in the " quiet center " of Riga, near green parks, many cozy restaurants, banks and embassies. The apartment is located on floors 6-7 of the special project, which was built in 2003. Fully equipped and ready to move. On the ground floor there is a spacious living room with fireplace,...
Mercury Group
Flat for 430 000 euro in Riga, Latvia
430 000 €
Flat in Riga, Latvia
91 sq.m 3 2
Residence
Sunny modern apartment with a terrace in the Prime Residence project in Old Riga.A club-type house with only 9 apartments is located in one of the most prestigious historical sites in Old Riga.The elegant three-room apartment has a comfortable and thoughtful layout: a living room with a fireplace, combined with a kitchen, and access to a terrace...
VIP Real
House for 576 000 euro in Riga, Latvia
576 000 €
House in Riga, Latvia
248 sq.m 5 3 3
Residence
For sale afe offered row house unit in one of the most prestigious districts of Riga - Mezaparks!Mežaparka Rezidences covers 31 ha of well-developed territory that is a harmonic continuation of the original Mežaparks district.The concept is designed to create a closed, private, and completely developed community with villas, twin-villas, row...
Mercury Group

At the beginning of the XX century, Riga became the center of European Art Nouveau, which forms the face of the city. In the post-war years, typical Soviet buildings spread here. There is a lot of such housing in present-day Riga, it is often unpresentable, but cheap. In the past year, such housing has grown in price in the wake of high demand.

The most prestigious areas are considered to be Old Riga and the embassy district, also known as the Quiet Center. Due to the low price of the square, you can buy an apartment there even with a limited budget. In this case, it is worth focusing on tourist rentals. Also among the best districts of Riga are usually mentioned Mezaparks, Kipsala, Zolitude, Vecaki. Good sleeping areas include Imanta, Pļavnieki, Teika, Jugla, Ziepniekkalns.

After gaining independence, modern buildings are being erected in the capital of Latvia. Construction is also underway in the center: as a rule, architects carefully fit new buildings into historical quarters, so that they look like a modern variation on the theme of the same Art Nouveau.

Also read:
How to Become a Property Owner in Latvia
Expectations and Reality in the Latvian Real Estate Market

Sources: Global Property Guide, Bloomberg|
Photos: Pixabay.com, Pexels.com

Quoting conditions of Prian.info materials

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