Does Location Matter When Getting A Property?

Location is a vital factor when considering getting properties. Most people consider the location, affordability, and prospects of the location before getting the property. However, it can be a hassle due to various options available to people. As a prospective homeowner, you don’t have to be restricted to a particular location to get affordable housing to your taste. I have curated this list of 5 countries with the most affordable housing if you want affordable, and amazing homes to your taste soon.

• South Korea

The average earner can afford a fully furnished home in South Korea for just over $8,000; it is still one of the cheapest countries to live and buy a home in the world despite its high standard of living.

• Finland

Over 86% of people in his country can afford to own a home in their name. According to Insider Monkey, as of 2022, the average price of housing fell by 5%, which remained stable until the year’s end. 

• Romania

Due to the decline in housing demand in Romania, there has been a reduction in residential activity; this translates into cheaper housing for people seeking to own a home. Aside from the average cost of home ownership falling to a whopping $1700 per sqm making it much lower than most countries in recent years, the return on investing in housing in this country is over 100%. Who would not like this amazing shot at owning a home in this country?  

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• Italy

Italy, renowned for its pasta and Gelato ice cream, also earns recognition for offering some of the most affordable housing. A standard house in Italy sells for $190 per square foot, which is very accessible to all economic brackets for a developed country like Italy.

• South Africa

South Africa has earned its place among the most affordable housing countries. The citizens of South Africa enjoy affordable housing with over 90% of its citizens and even noncitizens being homeowners in the country and over 110% in returns on their investment. Little wonder why people still rush to South Africa to buy homes.

On A Final Note

Most African countries still struggle to provide affordable housing to their citizens across the continent. This does not exempt the fact that organizations are trying to ease the housing deficit on people with innovative ideas like Land Now Pay Later which affords you a home without hurting your financial strength.