Purchasing property abroad is becoming increasingly popular among those looking for a profitable investment opportunity or purchasing a holiday home. In this article, we will look at how much a house costs in three popular destinations: Georgia, Phuket and Northern Cyprus. We will look at the main factors influencing the cost and give examples of average property prices in these regions.
Georgia
Georgia is a country that attracts tourists with its unique culture, beautiful scenery and hospitality. In recent years it has also become a popular place to buy property.
Factors influencing the cost of real estate in Georgia:
- Location: In Tbilisi and Batumi, prices are higher than in other regions.
- Type of property: Apartments in new buildings are more expensive than secondary housing.
- Condition of the home: Repairs and decoration can significantly affect the cost.
- Infrastructure: The presence of schools, hospitals, shopping centers nearby increases the price.
Average real estate prices in Georgia:
- Tbilisi: The average price per square meter is about $800-$1500.
- Batumi: Prices range from $700 to $1200 per square meter.
- Other regions: In the regions, prices are much lower, from $400 to $800 per square meter.
For example, a 150 square meter house in Tbilisi will cost between $120,000 and $225,000, depending on location and condition.
Advantages and disadvantages of buying real estate in Georgia:
- Advantages:
Low cost of living.
Ease of paperwork for foreign buyers.
Attractive conditions for investors. - Flaws:
Unstable economic situation.
Limited rental market.
Phuket, Thailand
Phuket is one of the most famous tourist islands in Thailand, attracting with its natural beauty, beaches and developed infrastructure. Here you can also find a wide selection of real estate.
Factors influencing the cost of real estate in Phuket:
- Proximity to the sea: The closer to the beach, the more expensive.
- Property type: Villas are more expensive than apartments.
- Infrastructure: The presence of a swimming pool, security and other amenities increases the cost.
Average property prices in Phuket:
- Apartments: Prices per square meter range from $1,500 to $3,000.
- Villas: Cost can reach $2,500-$4,500 per square meter.
A 150 square meter house in Phuket can cost between $225,000 and $675,000, depending on proximity to the sea and other factors.
Advantages and disadvantages of buying property in Phuket:
- Advantages:
Great climate and beautiful beaches.
Developed tourist infrastructure.
High rental potential. - Flaws:
High cost of living and real estate.
Restrictions on the purchase of land by foreigners.
Northern Cyprus
Northern Cyprus attracts with its warm climate, historical attractions and affordable property prices. This is one of the most inexpensive places to buy a home among the Mediterranean countries.
Factors influencing the cost of real estate in Northern Cyprus:
- Location: Prices are higher in coastal areas.
- Property type: Apartments are cheaper than villas.
- Availability of infrastructure: Proximity to schools, hospitals and shops can increase the cost.
Average property prices in Northern Cyprus:
- Apartments: Cost per square meter is $800-$1,200.
- Villas: Prices range from $1,200 to $2,000 per square meter.
A 150 square meter house in Northern Cyprus can cost between $120,000 and $300,000, depending on the location and type of property.
Advantages and disadvantages of buying property in Northern Cyprus:
- Advantages:
Low cost of living and real estate.
Beautiful natural scenery and warm climate.
Favorable conditions for foreign investors. - Flaws:
Limited number of direct international flights.
Political uncertainty and non-recognition of the republic by most countries.
Conclusion
The cost of houses in Georgia, Phuket and Northern Cyprus varies depending on many factors such as location, type of property and availability of infrastructure. When choosing where to buy a home, it is important to consider not only the cost, but also personal preferences and the purpose of the purchase. Regardless of your choice, each of these locations offers unique benefits and investment opportunities.
