Buying a one-room apartment is an important and responsible decision that requires careful analysis of the real estate market and taking into account many factors. In the modern world, more and more people are paying attention to buying housing abroad, be it for personal residence, recreation or investment purposes. In this article we will look at the cost of one-room apartments in three popular destinations – Georgia, Phuket (Thailand) and Northern Cyprus.
These regions attract buyers with their unique advantages: from picturesque natural landscapes and rich culture to competitive real estate prices and favorable investment conditions. We will take a detailed look at current housing prices, local market characteristics, and important aspects to consider when choosing an apartment in these countries.
Georgia
Georgia is becoming increasingly popular among foreign investors and expats due to its pleasant climate, beautiful nature and relatively low property prices.
- Tbilisi: In the capital of Georgia, a one-room apartment can be purchased for prices ranging from $40,000 to $70,000. Cheaper options are usually located on the outskirts of the city, while more expensive ones are in central areas and new buildings.
- Batumi: In the resort city on the Black Sea, prices for one-room apartments start at $35,000 and can go up to $60,000 depending on the location and condition of the property.
Phuket, Thailand
Phuket is one of the most popular resort islands in Thailand, attracting tourists from all over the world.
- Patong Beach: In this area, a studio apartment can cost between $80,000 and $150,000. Patong is one of the busiest and most popular areas of the island, so prices here are quite high.
- Kata Beach: A less popular but still attractive area where prices for studio apartments range from $50,000 to $100,000.
Northern Cyprus
Northern Cyprus attracts foreign buyers due to its relatively low property prices, mild climate and beautiful beaches.
- Girne (Kyrenia): In this popular area, a studio apartment can be purchased for between $50,000 and $90,000. Prices vary depending on proximity to the sea and the newness of the building.
- Famagusta: In this historic and student city, prices for studio apartments range from $40,000 to $70,000.
Additional aspects when choosing real estate
- Legal aspects: It is important to carefully check documents and enter into transactions with reliable developers or agencies. Some countries may have their own legal requirements that need to be taken into account.
- Utilities and Maintenance: Find out about the cost of utilities and building maintenance. In some places this can be a significant expense.
- Rental prospects: If you plan to rent out your apartment, research the rental market in your chosen area. High rental demand can provide good income.
- Safety and ecology: Pay attention to the safety level of the area and the environmental situation. Living in an environmentally friendly and safe place is much more pleasant and healthier.
Conclusion
Buying a one-room apartment in Georgia, Phuket or Northern Cyprus can be an excellent investment and an opportunity for a comfortable stay. Each of these locations has its own unique features that may be suitable for different purposes: permanent residence, vacation or investment. When choosing a property, it is important to consider all aspects in order to make the right and informed choice.
