Jump to content


Photo
- - - - -

Where Is The Cheapest Place In The World Where To Buy A Small House?


  • Please log in to reply
37 replies to this topic

#1 Homeless2010

Homeless2010

    HPC Newbie

  • New Members
  • Pip
  • 21 posts

Posted 18 January 2010 - 02:58 PM

Where Is The Cheapest Place In The World Where To Buy A Small House?

I am talking like under US$20,000 and in living conditions.

Any info would be greatly appreciated and eventually (depending on how good the info is, even rewarded.)

Please, the topic is very serious as I have little cash and need to re-start my life after nasty break up with my ex.

Because of my preferences I have to exclude the USA and CANADA. Also most of Africa is not good (except North Africa).

Any place will be considered, just obviously the safer the better even if I am aware that it won`t be very safe or with great infrastructure given the price Ia m looking for.

From my research it`s likely somewhere either in South America , East Europe or North Africa.

Would love your info and experiences.

Thank you

Edited by Homeless2010, 18 January 2010 - 03:00 PM.


#2 leicestersq

leicestersq

    HPC Guru

  • New Members
  • PipPipPipPipPipPip
  • 5,404 posts

Posted 18 January 2010 - 03:43 PM

Where Is The Cheapest Place In The World Where To Buy A Small House?

I am talking like under US$20,000 and in living conditions.

Any info would be greatly appreciated and eventually (depending on how good the info is, even rewarded.)

Please, the topic is very serious as I have little cash and need to re-start my life after nasty break up with my ex.

Because of my preferences I have to exclude the USA and CANADA. Also most of Africa is not good (except North Africa).

Any place will be considered, just obviously the safer the better even if I am aware that it won`t be very safe or with great infrastructure given the price Ia m looking for.

From my research it`s likely somewhere either in South America , East Europe or North Africa.

Would love your info and experiences.

Thank you



Arent there huge numbers of empty houses in Spain? You might struggle to find an owner for some of them, perhaps you could squat?

#3 Chicken

Chicken

    HPC Regular

  • Members
  • PipPipPip
  • 612 posts
  • Location:Brick Lane Curry House

Posted 18 January 2010 - 03:44 PM

Most of Thailand is fairly safe and a modest place should fit your budget.

Mr Parry / God / Noodle may be along soon to confirm.

#4 rolf

rolf

    HPC Veteran

  • Members
  • PipPipPipPip
  • 2,078 posts

Posted 18 January 2010 - 03:48 PM

I was going to mention Thailand as well. Your money will go extremely far there.

If it wasn't for personal circumstances, I'd live there for half the year.

#5 Homeless2010

Homeless2010

    HPC Newbie

  • New Members
  • Pip
  • 21 posts

Posted 18 January 2010 - 04:05 PM

Arent there huge numbers of empty houses in Spain? You might struggle to find an owner for some of them, perhaps you could squat?


Thanks for the tip but I`m not looking to squat, I want to settle. (I have never occupied someone else property without paying rent.

Cheers

#6 Homeless2010

Homeless2010

    HPC Newbie

  • New Members
  • Pip
  • 21 posts

Posted 18 January 2010 - 04:10 PM

I was going to mention Thailand as well. Your money will go extremely far there.

If it wasn't for personal circumstances, I'd live there for half the year.



It would be very appreciated if you (and others when advising places) to provide one or more examples of some local property for sale in any language.

Also, I don`t mind living out of main cities, I actually prefer them to be smaller than 100,000 people....or even really in the rural/country area, I don`t mind, as long as there are basic services such water/electricity.......(internet would be a bonus I suppose)

Thanks

#7 Peter Hun

Peter Hun

    HPC Veteran

  • Members
  • PipPipPipPip
  • 2,561 posts
  • Location:London, UK

Posted 18 January 2010 - 04:28 PM

Hi yes, thanks.

They seem to be cheap but maybe there is cheaper:

http://www.globalpro...re-meter-prices

http://www.globalpro...re-meter-prices

But I don`t know how reliable is that source.

And what I can`t find so far, is REAL properties for sale, real examples......data can be old.....and that data refers to main cities only.

I think I need to search in foreign language cities. (local languages)

Thanks.


Poland is cheap, if you avoid the big cities as apartment prices have rocketed. Buy in the countryside and its cheap, as is the cost of living. Of course once they join the Euro, prices will climb.
Try here.
http://dom.gratka.pl/

I bought a farm, 2.8ha, for £37K. Actually, buying farmland requires a permit in Poland but it should be possible for EU residents.

Edited by Peter Hun, 18 January 2010 - 04:37 PM.


#8 Chicken

Chicken

    HPC Regular

  • Members
  • PipPipPip
  • 612 posts
  • Location:Brick Lane Curry House

Posted 18 January 2010 - 04:38 PM

It would be very appreciated if you (and others when advising places) to provide one or more examples of some local property for sale in any language.

Just Google "Thailand property for sale". It's a well trodden path.
Here's an example of one site: http://www.thaiproperty.com/
Divide by 54 to get the price in pounds.

There's also loads of forums for expats living in thailand (and most other countries) where you will get a lot more specific advice if you decide to investigate further.

#9 Homeless2010

Homeless2010

    HPC Newbie

  • New Members
  • Pip
  • 21 posts

Posted 18 January 2010 - 05:09 PM

Poland is cheap, if you avoid the big cities as apartment prices have rocketed. Buy in the countryside and its cheap, as is the cost of living. Of course once they join the Euro, prices will climb.
Try here.
http://dom.gratka.pl/

I bought a farm, 2.8ha, for 37K. Actually, buying farmland requires a permit in Poland but it should be possible for EU residents.


Thanks, I will have a look, I have EU citizenship.

Cheers.

#10 Homeless2010

Homeless2010

    HPC Newbie

  • New Members
  • Pip
  • 21 posts

Posted 18 January 2010 - 05:20 PM

Just Google "Thailand property for sale". It's a well trodden path.
Here's an example of one site: http://www.thaiproperty.com/
Divide by 54 to get the price in pounds.

There's also loads of forums for expats living in thailand (and most other countries) where you will get a lot more specific advice if you decide to investigate further.



Thank you very much! I know how to use Google but sometimes there are way too many results and I though some of you would already have experience of such research.

Actually for currency conversions I use www.XE.com so no problems.

It does look cheap....I forgot about Thailand.

Do you think this price is real?

http://www.thaiprope...gifunction=form


I can`t afford that but wow...

#11 Chicken

Chicken

    HPC Regular

  • Members
  • PipPipPip
  • 612 posts
  • Location:Brick Lane Curry House

Posted 18 January 2010 - 05:28 PM

That price looks right, although you need to look into the restrictions for foreigners owning property before you jump in.

If you had the land already, you could easily get a house built over there on your budget.

Renting is very cheap also. I don't know why you wouldn't rent for a while before buying just to be sure that it's the right place for you?

#12 soldintime

soldintime

    HPC Regular

  • Members
  • PipPipPip
  • 504 posts
  • Location:Andorra
  • About Me:Deflation
    Happy renter

Posted 20 January 2010 - 07:21 AM

Have a look at Malaysia. I came across a place called Port Dickson and nice 3 bedroom flats with sea view were selling for $20,000. Malaysia was voted by International Living is the cheapest country to live in with first class amenities. Reason prices are this cheap was due to an overhang of property from the Asia crisis in 1997. Yes in some areas they are still feeling that.

#13 Fromage Frais

Fromage Frais

    HPC Regular

  • Members
  • PipPipPip
  • 760 posts
  • Location:Norwich, Norfolk, UK

Posted 20 January 2010 - 02:45 PM

I live in a regional city in Tunisia.

20,000 dollars x 1.3 = 26,000 dinars gets you........ SFA

For a dumpy 1-2 bed flat your talking 35-50,000 dinars with anthing remotely "Western Standard livable" 80.000 dinars + in Tunis add 50%+

However lovely weather and you can live cheaply.

Edited by Fromage Frais, 20 January 2010 - 02:46 PM.

The rich man's wealth is his strong city, and as an high wall in his own conceit.

Proverbs 18:11

#14 LiveAndLetBuy

LiveAndLetBuy

    HPC Veteran

  • Members
  • PipPipPipPip
  • 1,334 posts

Posted 20 January 2010 - 04:14 PM

You can find cheap property anywhere (including parts of the UK) so it's a bit of a non-question. You could probably pick something up for less than 20k in Detroit - but there's always a reason why certain property is so cheap.

If you are looking to buy overseas then look for places where the local currency has collapsed.

I wouldn't consider anywhere in Euroland with the Euro so high at the moment. If Greece drops out in a few years then there could be some bargains.

Many cheap and exotic countries heavily tax foreign buyers (up to 100%) so you have to check the details. Usually it works out cheaper to rent. Last time I checked you could find acceptable rental accommodation in places like Thailand, Sri Lanka and Bali for $50/week. If you head to Laos then I've heard you can live in relative luxury for half that amount.

Edited by LiveAndLetBuy, 20 January 2010 - 04:15 PM.


#15 Homeless2010

Homeless2010

    HPC Newbie

  • New Members
  • Pip
  • 21 posts

Posted 21 January 2010 - 03:24 PM

You can find cheap property anywhere (including parts of the UK) so it's a bit of a non-question. You could probably pick something up for less than 20k in Detroit - but there's always a reason why certain property is so cheap.

If you are looking to buy overseas then look for places where the local currency has collapsed.

I wouldn't consider anywhere in Euroland with the Euro so high at the moment. If Greece drops out in a few years then there could be some bargains.

Many cheap and exotic countries heavily tax foreign buyers (up to 100%) so you have to check the details. Usually it works out cheaper to rent. Last time I checked you could find acceptable rental accommodation in places like Thailand, Sri Lanka and Bali for $50/week. If you head to Laos then I've heard you can live in relative luxury for half that amount.


Thanks for the reply.

I had a look at Thailand the other day and I read a few too many problems with the locals, their instability and how easy tourists could get killed so...despite some cheap prices I`d stay clear of that part of the World too.... I assume Laos would be the same....I do not have a great trust in how some Asian countries would treat white Europeans, I just don`t get their culture.
Bali has same problems...too many bombs




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users