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I like to browse the real estate market just for fun sometimes and actually yes there are cheap areas in every country. Some are cheap due to remoteness, due to

I like to browse the real estate market just for fun sometimes and actually yes there are cheap areas in every country. Some are cheap due to remoteness, due to inventory or mismanagement/decline. Like in mentioned in another comment, (south) Spain has incredibly cheap properties because there are many available and mortgages are available to even non-residents (not necessarily _in_ cities, but within a 30 min radius from population centers). Generally speaking 15 minutes inland from the sea is cheap everywhere (apart from luxury pockets like Marbella), you can easily buy a nice mediterranean villa for less than 200k. If you want views that's around 250-300k.

CalRobert 4y ago
Something I learned too late is that sometimes a place is cheap because of horrible neighbours.
- ricardobayes 4y ago
  That's not really a factor here as most of the housing stock is made up of holiday homes so you only have neighbors for like 2 weeks in a year. But with remote work many more are making it their homes so it might be a problem in the future.
- badpun 4y ago
  More generally, cheap areas often means economic underdevelopment or decline, which leads to social problems and annoying neighbors (on account of drinking, unemployment and other issues). On the plus side, there's less traffic, because people aren't as busy going to places to make and spend money as they are in economically vibrant areas.
  - MereInterest 4y ago
    It also means that there’s less money available for infrastructure maintenance. While a city is expanding, the majority of the housing is occupied, and the infrastructure to support new housing doesn’t yet require replacement. As a city contracts, there are more unoccupied houses and vacant lots. There’s still the same length of water, sewage, and power lines along the length of a street, but fewer residents to pay for it as it becomes old enough to need repairs/replacement.
slaw 4y ago
Are these properties 'cheap' because of they can be stolen easily by okupas?

CalRobert 4y ago

Something I learned too late is that sometimes a place is cheap because of horrible neighbours.

ricardobayes 4y ago
That's not really a factor here as most of the housing stock is made up of holiday homes so you only have neighbors for like 2 weeks in a year. But with remote work many more are making it their homes so it might be a problem in the future.
badpun 4y ago
More generally, cheap areas often means economic underdevelopment or decline, which leads to social problems and annoying neighbors (on account of drinking, unemployment and other issues). On the plus side, there's less traffic, because people aren't as busy going to places to make and spend money as they are in economically vibrant areas.
- MereInterest 4y ago
  It also means that there’s less money available for infrastructure maintenance. While a city is expanding, the majority of the housing is occupied, and the infrastructure to support new housing doesn’t yet require replacement. As a city contracts, there are more unoccupied houses and vacant lots. There’s still the same length of water, sewage, and power lines along the length of a street, but fewer residents to pay for it as it becomes old enough to need repairs/replacement.

slaw 4y ago

Are these properties 'cheap' because of they can be stolen easily by okupas?