Just like property markets all around the world, the European property market actually has its own ups and downs. But, in this guide, I am going to be talking about all the property markets where it is very profitable. These are amazing places where you can invest. It will be very profitable, especially if you are an international investor. These markets actually have a really good return on investments, and they have been yielding a lot of profits as well.
1. The very first place that I would like to talk about is Budapest, Hungary. Can you find a finer European city than Budapest? When we are talking about classic history and culture, Hungary is wonderful, and it is the capital as well. Budapest carries itself with beautiful, effortless charm and also has amazing buildings around every corner. It happens to be right in the centre of Europe, and the Hungarian capital is a wonderful place if you want to explore the housing market. You will also be experiencing low-cost airline services, and it is also a very booming tourist attraction. For those who are planning to retire, you should definitely consider Budapest, because of the low cost of living. When you compare it to Paris or London, the cost of purchasing an apartment in Budapest is actually five times cheaper. It has a great combination of beautiful apartments, a rise in tourists and students, amazing foreign investment, a weak local currency and also a greatly growing economy which makes Budapest a wonderful place to invest in.
2. Next, I would like to talk about Barcelona in Spain. It is among the top picks in Europe when it comes to popularity. Barcelona is very popular, and a lot of people have been focusing on it, and they have been investing in it as well. It has a very vibrant arts, sports, cuisine and culture scene. You should also know that the final closing price on any property is actually 7 to 12% below the actual quoted price on most real estate properties. Because of the COVID-19 pandemic, this number could go to 10 to 15%.
3. You should also consider Berlin in Germany. It happens to be one of the most dynamic cities in Europe. Berlin has a very unusually amazing lifestyle, and it includes hundreds of art galleries, many museums and concert halls as well. It has a lot of green spaces and a lot of waterways that are beautiful. It has been considered a very ideal city to live in. The pandemic did not affect the German housing market because it remains strong. A lot of international investors are looking into investing in the German housing market.