From Romania to Greece: 9 most affordable European cities for buying property
RBC-Ukraine collage
Countries in Europe are known for their high property prices. However, the cost per square meter varies significantly depending on the country or city. Foreign analysts have calculated that Eastern European cities dominate the ranking of cheapest property, according to Business Insider.
9. Oradea, Romania
Average price for a 100 m² apartment: $178,070.28
Oradea is situated on both sides of the Crisul Repede River, not far from the Romania-Hungary border. It's a thriving economic and cultural center, boasting a wealth of modern architecture.
Photo: Oradea, Romania (unsplash.com)
8. Patras, Greece
Average price for a 100 m² apartment: $174,760.67
Patras, the third-largest city in Greece, is a coastal city with numerous historical landmarks, including the Roman Odeon. The historic location now serves as the main venue for the International Festival in Patras, a celebration of music, dance, and art.
Photo: Patras, Greece (unsplash.com)
7. Sibiu, Romania
Average price for a 100 m² apartment: $165,398.36
Sibiu, located in the heart of Romania, is rich in history and known for its numerous museums, including the famous National Astra Museum, Europe's largest open-air exhibition space.
Photo: Sibiu, Romania (unsplash.com)
6. Craiova, Romania
Average price for a 100 m² apartment: $161,142.09
Craiova is located near the Jiu River in the southwestern region of Romania. One of the city's most prominent landmarks is Romanescu Park, recognized as the country's largest urban park.
Photo: Craiova, Romania (unsplash.com)
5. Burgas, Bulgaria
Average price for a 100 m² apartment: $147,839.06
The resort city of Burgas is located on the coast of the Black Sea and boasts many natural attractions, such as the Sea Garden, a vast park with trees and plants from various corners of the Earth.
Photo: Burgas, Bulgaria (unsplash.com)
4. Plovdiv, Bulgaria
Average price for a 100 m² apartment: $142,105.63
Plovdiv, located in the south-central part of Bulgaria, is the country's second-largest city. It is home to the Ancient Theatre of Philippopolis, known as one of the best-preserved ancient theaters in the world.
Photo: Plovdiv, Bulgaria (unsplash.com)
3. Mostar, Bosnia and Herzegovina
Average price for a 100 m² apartment: $138,777.39
Mostar, situated along the Neretva River, is one of the most popular tourist destinations in Bosnia and Herzegovina. This small-sized city is primarily known for the Koski Mehmed Pasha Mosque, an architectural wonder built in the 1600s.
Photo: Mostar, Bosnia and Herzegovina (unsplash.com)
2. Chisinau, Moldova
Average price for a 100 m² apartment: $138,345.05
Chisinau, the capital of Moldova, is known for its numerous architectural gems, including the Triumphal Arch, also known as the Holy Gates, built in the 1840s to commemorate the triumph over the Turkish army.
Photo: Chisinau, Moldova (unsplash.com)
1. Bitola, North Macedonia
Average price for a 100 m² apartment: $97,942.75
Bitola is the second-largest city in the Republic of North Macedonia. It is home to the ancient city of Heraclea Lyncestis, a recognized UNESCO World Heritage site.
This historic landmark was named after the mythological hero Heracles and was founded by Philip II of Macedon after annexing the surrounding Lyncestidae region to his kingdom. It later gained strategic importance due to its location on the Via Egnatia. The city was abandoned after the Slavicization of Macedonia in the 6th century AD.
Photo: Bitola, North Macedonia (uk.wikipedia.org)
Since 2010, property prices in European countries have increased on average by 70%, according to Eurostat data. During this time, significant price increases have only been absent in Italy, Greece, and Cyprus. We previously reported on how property prices have changed in Europe over the past decade.
