Five Inexpensive European Capitals to Buy an Apartment

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

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:

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

104 000 €

Flat in Podgorica, Montenegro

70 sq.m 2

Residence

The object code is 0.n/a.13. For sale an apartment of 70 m2 in Podgorica in a new house, in a good area with high rental potential. The structure of the apartment is a living room combined with a kitchen, 2 bedrooms, a bathroom. knot. The price is 104.000 euros.

DOO TradeGoria

130 000 €

Villa in Podgorica, Montenegro

124 sq.m 4 2

Residence

Two-storey residential building for sale in Podgorica. House area 124 sq.m., land area 500 sq.m. On the ground floor, an apartment with two separate bedrooms, fully furnished, area 91 sq.m. plus a terrace of 16 sq.m. On the second floor there is an apartment with a separate entrance, two bedrooms without furniture, area 67 sq.m. and a terrace of...

Antarex

270 000 €

Apartment in Podgorica, Montenegro

150 sq.m 4 3

Residence

We offer for sale a new, luxurious two-storey four-bedroom Duplex apartment in an elite house with a good location and infrastructure in Podgorica, 10 minutes from the city center. The apartment occupies the seventh and eighth floors of an apartment building, is fully equipped with the latest, modern appliances and furniture and has a beautiful...

Antarex

65 000 €

Flat in Podgorica, Montenegro

45 sq.m 1

Residence

The object code is 5.27.13.10250 One-bedroom apartment with a total area of 45,67m2 in Podgorica, Zabielo district. It is located on the 4th floor in a house built in 2013, with an elevator.  The school is 450 meters away Grocery store, pharmacy in the house.

DOO TradeGoria

170 000 €

Flat in Podgorica, Montenegro

65 sq.m 3 2

Residence Online Viewing Remote Transaction

For sale a new 2-bedroom apartment with an area of 65 m2 in the City Kej building in Podgorica. The apartment is located on the 6th floor and is oriented to the east. The apartment consists of an entrance hall, a kitchen with a dining room, a living room, a terrace, two bedrooms, a toilet and a bathroom. New landscaped area, developed...

Adresa

64 600 €

Flat in Podgorica, Montenegro

41 sq.m 2 1 1

Residence Remote Transaction

#Sale #Podgorica cozy apartment of 40m2 is located in the center of Podgorica - the capital of Montenegro, close to large supermarkets, a shopping center and other amenities such as bakeries and cafes. It will provide you with a beautiful view of the city and sunny mountains, has one bedroom, a terrace, air conditioning and a complete bathroom....

Adresa

127 750 €

Flat in Podgorica, Montenegro

69 sq.m 3 2 1

Residence Online Viewing Remote Transaction

We offer to buy a new building apartment in Podgorica, the capital of Montenegro near the BIG shopping center.The apartment is 68m2 with a comfortable entrance hall, two bedrooms, and a kitchen-living room, as well as a balcony with mountain views.The house is for rent in May 2023, the finishing includes a ready-made bathroom.Parking is...

Adresa

158 000 €

Flat in Podgorica, Montenegro

54 sq.m 2 1 1

Residence Online Viewing Remote Transaction

This one bedroom apartment is located in the Central Point residential complex in the city of Podgorica. One of the advantages of this apartment is its location. It is within walking distance of the BIG shopping center, bank and shops, which makes it very convenient for living. This also makes it attractive to rent or sell in the future. Another...

Adresa

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

64 700 €

Flat in Podgorica, Montenegro

44 sq.m 2 1 1

Residence Online Viewing Remote Transaction

One bedroom apartment for sale in Zabjelo, Podgorica. The apartment is located on the third floor of a four-storey building and consists of a corridor, a living room with a kitchen, a bedroom and a balcony. The total area of the apartment is 44 square meters. Completion September 2023 Additionally, you can buy a place in the garage parking, the...

Adresa

73 500 €

Flat in Podgorica, Montenegro

43 sq.m 2

Residence Remote Transaction

Cozy apartment for sale in Podgorica Zabelo district.Total area 48m2 (terrace 43+5m2), floor 7/9 (elevator). The apartment is located in the Jovovich Optics building, next to the Vectra in Zabelo, not far from Djurovic stovarista. The apartment has an entrance hall, kitchen, living room, bedroom with access to the terrace, bathroom.  In...

Smart&Rich Montenegro

58 500 €

Flat in Podgorica, Montenegro

45 sq.m 2

Residence Remote Transaction

We offer for sale a one-bedroom apartment in a new low-rise building in a promising and sought-after location: about 2 minutes walk from Delta City (City Quarter district). Exemption from paying 3% tax.Area - 45 sq.m., ground floor. A low-rise modern building of 3 floors, There are only 21 apartments in the house. The house has a buffer zone...

Smart&Rich Montenegro

120 750 €

Flat in Podgorica, Montenegro

69 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 walk from Delta City (City Quarter district). Exemption from paying 3% tax.Area - 69 sq.m., balcony, two bathrooms, upper floor. A low-rise modern building of 3 floors, There are only 21 apartments in the house. The...

Smart&Rich Montenegro

105 000 €

Flat in Podgorica, Montenegro

39 sq.m 2 1 1

Residence Online Viewing Remote Transaction

The apartment is located in the center of Podgorica, which makes its location very convenient for access to various objects of the city. The apartment has an area of 39 square meters, which is quite spacious for a one bedroom apartment. The location of the apartment on Ivana Vujoševića street near a large green park makes this place even...

Adresa

121 000 €

Flat in Podgorica, Montenegro

74 sq.m 2 1 1

Residence Online Viewing Remote Transaction

The apartment in Podgorica is located in the Pobrezje area, which is located near a large green park, which creates a wonderful atmosphere for relaxing and walking in the fresh air. The apartment has one bedroom and an area of 44 square meters, as well as a large terrace of 30 square meters. Such a large terrace can be a great place to relax and...

Adresa

32 400 €

Studio in Podgorica, Montenegro

27 sq.m 1

Residence Online Viewing Remote Transaction

We offer to buy a new building apartment in Podgorica, the capital of Montenegro near the BIG shopping center. Apartment 27m2 The house is for rent in May 2023, the finishing includes a ready-made bathroom. Parking is available in the house Parking lot, nearby is the shopping center "Delta City /BIG", City Kvart district, with many cafes...

Adresa

50 000 €

Flat in Podgorica, Montenegro

22 sq.m 1 1 1

Residence Online Viewing Remote Transaction

A new apartment for sale in Podgorica, Zabelo district, right behind the Multicom store. The house was built in March 2022, bought by the owner in April 2022. No one lived in the apartment. The apartment is sold with furniture and appliances. The area of the apartment is 21 m2 according to the documents, actually 22.5 m2. Full set of...

Montedream

195 000 €

House in Podgorica, Montenegro

197 sq.m 7 5 1

Residence Remote Transaction

7165. Near the capital Podgorica (Lijakovovi) - a rural house built in 1962. The area of the house is 117 sq m, the area of three additional rooms is a separate building (used in the old days for rent to tourists) 55 sq: 26, 13, 16. The main house has 2 very large bedrooms, kitchen-dining room, living room, bathroom. Large plot adjacent to...

Real Estate & Building Company «ADRIATIC SEA EXPERT»

49 000 €

Flat in Podgorica, Montenegro

21 sq.m 1 1 1

Residence Online Viewing Remote Transaction

URGENTLY SELL A STUDIO APARTMENT IN PODGORICA WITH PARKING SPACE I am selling a new apartment in Podgorica, Zabelo district, right behind the Multicom store. The year of construction is March 2022, I bought it in April 2022. No one lived in the apartment (I personally stayed for a maximum of 1.5-2 months) I sell with furniture and...

Private person

See more 68 similar properties

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

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:

132 430 €

Apartment in Tirana, Albania

106 sq.m 3 2 2

Perfect Location for Investment in Tirama, next to Second Ring of the city only 2 km from the center. Building is located next to the main City hospital, and Medicine University.

Habita International Estates Ltd

104 650 €

Apartment in Tirana, Albania

68 sq.m 3 2 1

Perfect Location for Investment in Tirama, next to Second Ring of the city only 2 km from the center. Building is located next to the main City hospital, and Medicine University.

Habita International Estates Ltd

90 210 €

Apartment in Tirana, Albania

72 sq.m 2 1 1

Perfect Location for Investment in Tirama, next to Second Ring of the city only 2 km from the center. Building is located next to the main City hospital, and Medicine University.

Habita International Estates Ltd

105 010 €

Apartment in Tirana, Albania

74 sq.m 3 2 2

Perfect Location for Investment in Tirama, next to Second Ring of the city only 2 km from the center. Building is located next to the main City hospital, and Medicine University.

Habita International Estates Ltd

132 430 €

Apartment in Tirana, Albania

106 sq.m 3 2 2

Perfect Location for Investment in Tirama, next to Second Ring of the city only 2 km from the center. Building is located next to the main City hospital, and Medicine University.

Habita International Estates Ltd

138 580 €

Apartment in Tirana, Albania

111 sq.m 3 2 2

Perfect Location for Investment in Tirama, next to Second Ring of the city only 2 km from the center. Building is located next to the main City hospital, and Medicine University.

Habita International Estates Ltd

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

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

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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

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:

459 000 €

Apartment in Sofia, Bulgaria

353 sq.m 12

Residence

false

Russia Sotheby’s International Realty

270 000 €

Apartment in Sofia, Bulgaria

150 sq.m 4 3

A vast 3 bedroom family apartment finished to an exceptionally high standard. Glass ceilings with designer bathrooms, this is a rare and luxurious property. Fitted kitchen complete with NEFF appliances and smooth motion German glazing throughout, no expense has been spared. Exclusive access to 70sqm roof terrace presents the possibility to deck...

New Estate

110 000 €

Apartment in Sofia, Bulgaria

73 sq.m 2 1

1 bedroom apartment in Capital Residence, Ovcha Kupel, perfectly located adjacent to the metro station. A spacious apartment with generous living room, sold with or without furniture pictured.  The apartment is located on the second (2) floor. It consists of a hallway, livingroom with kitchennette, a bedroom, bathroom with toilet and a terrace....

New Estate

450 000 €

House in Sofia, Bulgaria

400 sq.m 7 5

Residence

A vast five bedroom family home in the suburbs of Sofia, finished to an excellent standard, built for personal use by the owners. Possibility to separate in individual dwellings. Sold with fitted furniture and cabinets as pictured. Complete with two customed fitted kitchens, all new premium appliances and Samsung air source heat pump feeding...

New Estate

117 500 €

Apartment in Sofia, Bulgaria

65 sq.m 2 1

We offer for sale this cozy 1 bedroom apartment in the center of Sofia  - Lion's Bridge metro station is 700 m away or a 5 min walk. The apartment comes with an entrance hall, a spacious living room with a kitchen, a bedroom, a bathroom with a toilet, and two balconies. One of the balconies is enclosed and can be used as a winter garden. Both...

New Estate

160 000 €

Apartment in Sofia, Bulgaria

87 sq.m 3 2

Two bedrooms apartment with a parking space in an underground garage, in Dragalevci, Sofia

New Estate

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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

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:

580 000 €

Maisonette in Athens, Greece

275 sq.m 5 4 4

Residence

Townhouse for sale with an area of 275 sq.m in Athens. The townhouse is located on 5 levels. The ground floor consists of one bedroom, one bathroom. The first floor consists of a living room, one kitchen, one bathroom. The second floor consists of one bedroom, one bathroom, one shower room. The third floor consists of one bedroom. The fourth...

GREKODOM DEVELOPMENT A.E

145 000 €

Apartment in Athens, Greece

45 sq.m 1

The apartment is located in one of the central districts of Attica – Kalifeya. The apartment consists of a living room, a kitchen, 1 bedroom and 1 bathroom. The apartment is in need of renovation, the costs of which are included in the price. The area of Kalithea is located between the center of Athens and the sea coast, close to the southern...

NF Group

320 000 €

Flat in Athens, Greece

96 sq.m 3 2 2

Residence

For sale apartment of 96rs in Athens. The apartment is situated on the 4th floor. consists of 2 bedrooms, living room with kitchen, one bathroom, one shower WC. Flat has front layout. A magnificent view of the city, the mountain opens up from the windows. There is air conditioning and heating. The owners will be leaving the furniture with the...

Mercury Group

1 450 000 €

Flat in Athens, Greece

180 sq.m 5 4 2

Residence

For sale apartment of 180rs in Athens. The apartment is situated on the ground floor. consists of 4 bedrooms, living room, one kitchen, 2 shower WC, one storeroom, one office. Flat has interior layout. There is a fireplace, air conditioning and heating. The owners will be leaving the furniture with the sale. Extras included with the property:...

Mercury Group

290 000 €

Flat in Athens, Greece

78 sq.m 3 2 1

Residence

Apartment for sale with an area of 78 sq.m in Athens. The apartment is located on the fifth floor and consists of 2 bedrooms, a living room with a kitchen, one shower room. The windows offer views of the city. The facility has solar panels for water heating, air conditioning, awnings, heating. There is an elevator in the building. The apartment...

GREKODOM DEVELOPMENT A.E

1 030 000 €

Flat in Athens, Greece

230 sq.m 4

Residence

A luxurious apartment for sale in an elite suburb in the south of Athens, Voula. The apartment is 230 sq.m located on the fourth floor and has an excellent view of the sea and the mountain. The apartment consists of 3 bedrooms (one with en-suite), 3 bathrooms (one with Jacuzzi), living room with fireplace and kitchen. There is also a storage...

Mercury Group

370 000 €

Flat in Athens, Greece

95 sq.m 3 2 1

Residence

For sale apartment of 95rs in Attica. The apartment is situated on the 1st floor. consists of 2 bedrooms, living room with kitchen, one bathroom, one WC. Flat has interior layout. There is a fireplace and heating. The owners will be leaving the furniture with the sale. There is an alarm system installed.

Mercury Group

1 800 000 €

House in Athens, Greece

364 sq.m 10 2

Residence

For sale 3-storey house of 364rs in Athens. The ground floor consists of 5 bedrooms, one kitchen, one bathroom. The first floor consists of 5 bedrooms, one kitchen, one bathroom. The semi-basement consists of . There is air conditioning and heating. The owners will be leaving the furniture with the sale. Extras included with the property:...

Mercury Group

2 620 000 €

House in Athens, Greece

600 sq.m 9 7 4

Residence

There is provided for sale a 3-storey villa of 600 sq.m. in Attica. The first floor consists of 3 bedrooms, kitchen, bathroom and storage. On the second floor there are 2 living rooms, one of which is equipped with a dining area, and kitchen. On the second floor there are 4 bedrooms and 3 bathrooms. Also on the basement floor there is a game...

Mercury Group

1 315 000 €

House in Athens, Greece

405 sq.m 6 4

Residence

For sale 3-storey house of 405rs in Athens. The ground floor consists of 2 bedrooms, one shower WC. The first floor consists of living room, one kitchen, one WC. The second floor consists of 4 bedrooms, 3 bathrooms. There is a fireplace, air conditioning, awnings and heating. The owners will be leaving the furniture with the sale. There is an...

Mercury Group

683 000 €

House in Athens, Greece

580 sq.m 6 6

Residence

For sale 2-storey house of 580rs in Attica. The ground floor consists of 4 bedrooms, living room with kitchen, 4 bathrooms, one WC. The first floor consists of 2 bedrooms, living room with kitchen, 2 bathrooms. A magnificent view of the sea, the mountain opens up from the windows. The owners will be leaving the furniture with the sale. The house...

Mercury Group

495 000 €

House in Athens, Greece

144 sq.m 3 1

Residence

For sale 2-storey house of 144rs in Eastern Peloponnese . The semi-basement consists of . The ground floor consists of 3 bedrooms, living room with kitchen, one bathroom, one WC. A magnificent view of the city, the sea, the mountain, the forest opens up from the windows. There is a fireplace, air conditioning, heating and a barbecue area. The...

Mercury Group

430 000 €

House in Athens, Greece

240 sq.m 6 4 3

Residence

For sale 3-storey villa of 240rs in Eastern Peloponnese . The semi-basement consists of living room with kitchen, one bathroom, one storeroom. The ground floor consists of one bedroom, living room with kitchen, one bathroom. The first floor consists of 3 bedrooms, one bathroom. There are solar panels for water heating, a fireplace, air...

Mercury Group

370 000 €

House in Athens, Greece

400 sq.m 2 1

Residence

For sale 3-storey house of 400rs in Attica. The ground floor consists of 2 bedrooms, living room with kitchen, one bathroom. The first floor consists of living room. The second floor consists of living room. A view of the sea, the mountain opens up from the windows. There is a fireplace, air conditioning and heating. The owners will be leaving...

Mercury Group

1 200 000 €

House in Athens, Greece

400 sq.m 1

Residence

For sale villa of 400rs in Attica. A magnificent view of the city, the sea, the mountain opens up from the windows. The owners will be leaving the furniture with the sale. We offer for sale a three-storey villa of 400 sq.m in the town of Anavissos. The villa consists of:First level of 133ond level of133d level of 133 sq.m Grekodom Development...

Mercury Group

2 100 000 €

House in Athens, Greece

1300 sq.m 8 5 4

Residence

For sale 3-storey villa of 1300rs in Attica. The semi-basement consists of one bedroom, living room with kitchen, one storeroom, one gym, one sauna. The ground floor consists of living room with kitchen, living room, one WC. The first floor consists of 4 bedrooms, 4 bathrooms, one office. A view of the city, the sea, the mountain opens up from...

Mercury Group

600 000 €

Flat in Athens, Greece

128 sq.m 3 2 2

Residence

For sale duplex of 128rs in Athens. The duplex is situated on the ground floor and the semi-basement. The ground floor consists of one bedroom, living room with kitchen, one shower WC, one WC. The semi-basement consists of one bedroom, one bathroom, one WC. There is a fireplace and air conditioning. The owners will be leaving the furniture with...

Mercury Group

407 000 €

Flat in Athens, Greece

139 sq.m 3 2 2

Residence

Apartment for sale with an area of 139 sq.m in Athens. The apartment is located on the third floor and consists of 2 bedrooms, a living room with a kitchen, one bathroom, one shower room, 2 storerooms. The windows offer a magnificent view of the mountains. The facility has solar panels for water heating, fireplace, air conditioning, heating....

GREKODOM DEVELOPMENT A.E

53 000 €

Flat in Athens, Greece

70 sq.m 3 2 1

Apartment for sale with an area of 70 sq.m in Athens. The apartment is located on the ground floor and consists of 2 bedrooms, a living room, one kitchen, one bathroom. The apartment is located in Atiki district. A bank facility.

GREKODOM DEVELOPMENT A.E

58 000 €

Flat in Athens, Greece

28 sq.m 1 1 1

Apartment for sale with an area of 28 sq.m in Athens. The apartment is located on the third floor and consists of one bedroom, one kitchen, one shower room. The windows offer views of the city. The facility has air conditioning, heating. The property is sold furnished. There is an elevator in the building. The apartment is located in the center...

GREKODOM DEVELOPMENT A.E

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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

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:

299 000 €

Apartment in Riga, Latvia

110 sq.m 3

Residence

Latvia City of Riga Penthouse-attic with rental income Very bright, modern duplex penthouse in the center of Riga, 5 min drive from the Old Town. Excellent location in the city center, close to all the necessary infrastructure (shops, pharmacies, cafes, restaurants, theaters and much more) 6th floor The area of the penthouse is 110m2:...

INDOM

299 000 €

Flat in Riga, Latvia

112 sq.m 3 2

Residence Credit

Total sale of apartments! Do not be late! There are only a few apartments left. Ex price 379 000. The price of a place in an underground car parking is 10 000. A cup of morning coffee in the sun-drenched terrace, the smell of pines, a fresh breeze of the lake ... The greatest joy we often find in the simplest things. Additional Information....

Angel Properties

750 000 €

Flat in Riga, Latvia

461 sq.m 14

Residence

The building situated in the quite centre of Riga is surrounded by the beautiful Art Nouveau architecture. The building is located in the heart of Riga's commercial centre within a walking distance to the nearby embassies, headquarters of major banks, companies, ministries, schools, kindergartens, shops, cafes, hotels, restaurants and the Old...

Mercury Group

605 000 €

Flat in Riga, Latvia

172 sq.m 3 1 2

Residence

We offer for sale a penthouse apartment with 2 terraces in a new project in the heart of the city of Riga.A modern new building with a glass facade perfectly fits the atmosphere of the city's Centre and Art Nouveau architecture. From the upper floors, you can see a unique view of the rooftops of neighbouring houses in Jugendstyle. Large...

Mercury Group

3 500 000 €

House in Riga, Latvia

588 sq.m 10

Residence

We offer to purchase the exclusive real estate in Riga, in the Old Town on Gleznotaju street. The historical part of the city, in which the main attractions of the city, as well as the best shops and restaurants are concentrated . Reconstruction of 5 floors of the house was completed in the second half of 2013. The total area of ​​the house...

Mercury Group

450 000 €

Flat in Riga, Latvia

180 sq.m 4

Residence

Project "Petit Paris"- it's a new Latvian architect Gatis Didrihsons romantic improvisation about theme- last century beginning Paris boulevard. About paraphrase theme - Riga north Paris or Riga small Paris. Petit Paris is situated in the heart of Riga’s Commercial centre within easy walking distance to nearby embassies, headquarters of major...

Mercury Group

360 000 €

Flat in Riga, Latvia

165 sq.m 5

Residence

For sale 5-room apartment on the 2nd floor with a total area of 165 sqm in one of the few fully renovated Art Nouveau buildings in the part of Riga’s quiet center - a wonderful location. Apartment technically and visually in a perfect condition, comfortable layout: 5 separate rooms, windows overlooking the facade and the courtyard. Great offer...

Mercury Group

690 000 €

Flat in Riga, Latvia

163 sq.m 3

Residence

For sale a wonderful apartment with full finishing and furniture. The apartment consists of a master bedroom with private bathroom (bath and showe cabin), second bedroom, second bathroom, spacious living room, connected to the kitchen area, wardrobe, hall. The apartment is located in most prestigious area of Riga - Old Town, close to business...

Mercury Group

300 000 €

Flat in Riga, Latvia

86 sq.m 3

Residence

A bright sunny apartment in an absolute prime location in the heart of Riga Old town directly across the soon to be opened Kempiski hotel. The apartment is located in Old Riga most fashionable street. This epoch style building was fully renovated in 2008. The apartment consists of 80 m2, and includes entrance, spacious a/c living room with...

Mercury Group

600 000 €

Flat in Riga, Latvia

189 sq.m 4

Residence

Three-level townhouse in an exclusive place in Riga!The house is located on the Kipsala peninsula in the best project "Gypsum factory".The total area of 188, 7 m2. Fully equipped kitchen. Windows Home overlook the 2 sides. Two terraces, a large out of the water.Garage space in the underground car park.In this complex is located one of the best...

Mercury Group

1 500 000 €

House in Riga, Latvia

267 sq.m 5

Residence

Mercury Group

450 000 €

Flat in Riga, Latvia

165 sq.m 4

Residence

We offer an exclusive apartment in the Embassy center of Riga on Ausekla steet. In this area is a park, cafes, shops, convenient traffic system. The apartment is located in a renovated façade house with historical value. There is a guard in the building for your safety. Closed entrance doors, closed yard.  parking in the yard or on the street...

Mercury Group

765 000 €

Flat in Riga, Latvia

106 sq.m 3

Residence

We offer to buy an elegant 4-room apartment, located on the 2nd floor of the building. The apartment consists of living room connected with kitchen and 3 bedrooms. ''Wilhelma nami'' is an exclusive complex of apartment buildings in the Old Town. The breath of antiquity and the peace of the Old City make ''Wilhelm''s House'' a real oasis for...

Mercury Group

500 000 €

Flat in Riga, Latvia

100 sq.m 3 2

Residence

Penthouse, with an area of 100m2 with access to the roof terrace, with an area of 71.7 m2.The apartment is divided into two parts, each with its own terrace. The elevator lifts directly into the apartment. Living room, kitchen, two isolated bedrooms, two bathrooms.Developed infrastructure. Parking of a car from Rigas Satixme is available near...

VIP Real

597 820 €

Flat in Riga, Latvia

171 sq.m 4

Residence

The Renaissance is located in a prestigious location to allow lovers of contemporary art and culture to be encapsulated at the core of the most influential events in the creative industry. Renaissance is located at the epicentre of Riga’s contemporary art scene. Main events and expositions in the creative industry will always be within arm’s...

Mercury Group

590 000 €

Flat in Riga, Latvia

197 sq.m 7 4 2

Residence

A stunning 4 bedroom apartment constructed to the highest standard situated on a respectable area in the centre of Riga on street Alberta with overall area of 197 square meters. Apartment is conveniently located on the 2nd floor of the 5- story building. The apartment consists of 4 bedrooms, large living room with fireplace, kitchen, guest...

Mercury Group

305 000 €

Flat in Riga, Latvia

109 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

1 290 700 €

Villa in Riga, Latvia

413 sq.m 5 4 4

Residence

Villa in Mežaparks. We offer for sale a modern private house with a classic history. The author of the building is a recognized Latvian architect. The villa was created as a composition of two volumes. The total area is 413 m2, the living area is 299 m2, which includes 4 separate bedrooms, a living room, a laundry room, a spacious basement, a...

Angel Properties

330 000 €

Flat in Riga, Latvia

140 sq.m 4

Residence

A three-level apartment in the city center with an area of 131 sq. m2 is offered, 2 Parking spaces are provided. Fully furnished and equipped with household appliances. Famous designer Zane Tetere worked on the apartment project. A new project of a completely reconstructed house in 1938. The house is located in the courtyard in a quiet location....

NF Group

82 560 €

Apartment in Riga, Latvia

65 sq.m 3 2 1

Pleasant apartment with 2 isolated rooms, good size living room and kitchen. One nice bathroom with a bath. Balcony and few extra spaces that can be used forlly repaired roof, communication pipes. Fresh repairs in the apartment. Easyn area with a park, surrounded with public transport, school, medicine center, shops and everything else that is...

Habita International Estates Ltd

See more 382 similar properties

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

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