Slow-to-recover real estate markets across Europe are producing pockets of great value, report the editors at InternationalLiving.com, whose new report highlights an array of attractive properties on offer for less than $150,000 in France, Italy, Ireland, Spain and Greece.
In France, for example, the Languedoc-Roussillon region (located next to Provence) offers bargains like a move-into village house with exposed timber beams in the département of Aude. The property has been reduced from $97,000 to $90,000.
Similarly low-priced properties are available in Spain, a country where there’s a huge oversupply of unsold homes. Today, the market is showing signs of recovery in certain regions—for the first time in seven years, sales in Málaga province increased by 10%, for example. However, property prices still remain relatively low throughout the country, according to the report.
“Steeped in memories of Moorish Al-Andalus, the narrow streets, shady gardens, and stunning architecture of Granada make it one of Spain’s most iconic cities,” reports Steenie Harvey, InternationalLiving.com’s Europe editor. “In the Realejo, the old Jewish quarter, a refurbished 913-square-foot apartment close to Campo del Príncipe (which has some wonderful tapas bars) is reduced from $162,000 to $134,000.”
In Murcia, located on the Mediterranean coast in an area with a great climate year-round, the report highlights three-bedroom apartments (967 square feet) that start at $62,500.
In Italy, good-value village houses can be unearthed among the castle-crowned hills, meadows, and ancient chestnut woods of the Lunigiana, Tuscany’s northwest corner, the InternationalLiving.com report reveals.
For example, a two-story stone house of around 1,397 square feet located in La Riccia, in Comano village, lists for $116,500. It has wooden-beamed ceilings, two bedrooms, a pretty courtyard, a terrace, and extra rooms in an adjoining converted barn. Highway and rail access is around a 15-minute drive; reaching Pisa airport takes just over an hour.
“County Kerry, in Ireland’s southwest, packs in all the mountainous drama and picture-postcard beaches you could wish for,” says Harvey. “Near Killarney town and its lakes, a semi-detached thatched cottage with two bedrooms and 915 square feet of living space is on the market for $123,000.”
On Crete, one of the most popular of the Greek islands, a restored village house of 640 square feet, with sea and mountain views, is being sold furnished for $122,000. On the ground floor is an open-plan living/dining/kitchen area plus a bathroom/toilet. On the upper floor, a large bedroom has a good-sized balcony/terrace area.
The full report on current property bargains in Europe, as well as information on how to negotiate long-term rentals there, can be read here.
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