Just like the rising costs of food, utilities, and services, home prices around the world have surged significantly. The median price for a mid-sized house in the United States has now reached a staggering $410,000. Similarly, housing prices in other developed nations like Canada, Australia, and much of Western Europe have quadrupled in the past decade.
However, there are still countries where buying a mid-sized home remains relatively affordable. While local buyers may find the prices steep, for overseas investors, these represent outstanding bargains.
In this guide, we highlight 15 of the best countries where foreign nationals can buy affordable real estate in 2025. Most of these countries not only welcome foreign investors but also offer residency permits, low property taxes, and attractive rental income opportunities. All featured locations offer median home prices below $250,000.
15. Montenegro: The Balkan Hidden Gem
Montenegro’s real estate market is defined by its stunning Adriatic coastline, medieval towns, and investor-friendly environment. While cities like Kotor, Budva, and Tivat are more expensive, the coastal towns of Bar and Ulcinj remain affordable.
- Median house price: $225,000 – $385,000
- Seafront apartments: Around $200,000
- Property purchase tax: ~3%
- Annual property tax: Starting from 0.25%
Foreigners can own residential, commercial, or apartment property without any special permit.
14. Greece: Affordable Mediterranean Living
Greece has long been a hotspot for UK and North American buyers. Cities like Athens, Patras, Thessaloniki, and islands like Santorini and Corfu continue to attract international interest.
- Median home price: $240,000 – $380,000
- Residency: Golden Visa with a €250,000 investment
- Tip: Hire a lawyer for document navigation
Despite the beauty and culture, buyers should prepare for some bureaucratic complexity. Still, the investment is worth it thanks to residency incentives.
13. Italy: Southern Deals & Holiday Homes
Italy is not just for tourists — many foreign buyers are turning estates into holiday rentals or retirement retreats. While historic city centers are expensive, regions like Puglia, Calabria, and Sicily offer deals.
- Median price: $220,000 – $330,000
- Only buyers from reciprocity countries (US, UK, Canada, EU) can buy
- Annual property tax: ~0.7%
12. Costa Rica: Paradise for Property Investment
Costa Rica provides perks like the right to residency, open banking, business operation, and vacation rental income.
- Median price: $192,000 – $290,000
- Popular option: Two-bedroom condos facing the sea at $215,000
- Hotspots: Guanacaste, Central Valley, San José
The real estate market grows steadily at about 4% annually.
11. Dominican Republic: Caribbean Tax Haven
A top destination for Caribbean real estate investment. About 8% of all home purchases are now made by foreigners.
- Median home price: $178,000 – $235,000
- Gated communities are pricier than outside options
- Tax benefits: Up to 100% exemption for up to 15 years on rental income, capital gains, and property transfers
10. Georgia: Investment Gateway Between Europe and Asia
Georgia is growing in popularity among digital nomads and property investors.
- Median price in Tbilisi/Batumi: $130,000 – $200,000
- No stamp duties on purchases
- Annual tax: Just 0.72%
Tbilisi and Batumi are hotspots for both local and foreign investors.
9. Thailand: Lifestyle Meets Investment
While land ownership is restricted for foreigners, condos are widely available.
- Condo prices (Bangkok, Phuket, Chiang Mai): $110,000 – $200,000
- Requires paperwork, but manageable via Thai company or condo purchase
- No stamp duty on apartments
- Annual tax paid at point of purchase
Thailand remains attractive due to high rental yields and lifestyle perks.
8. Turkey: Affordable Gateway to Europe and Asia
Turkey offers high returns and a favorable exchange rate with the Turkish Lira.
- Median home price (Antalya, Izmir): $100,000 – $175,000
- Annual property tax: Only 0.1%
For investment safety, hiring a reputable lawyer and real estate agent is strongly advised.
7. Serbia: Safe, Affordable, and Tax-Friendly
Serbia is one of Europe’s safest and cheapest real estate markets.
- Belgrade homes: $98,000 – $172,000
- Apartments: From $7,000 – $125,000
- Annual tax: Under 0.4%
No residence permit needed for buyers, and paperwork is streamlined.
6. Albania: Europe’s Best Kept Property Secret
Compared to Italy and France, Albania is significantly more affordable.
- Median house: $130,000 – $155,000
- Seafront apartments: $70,000 – $110,000
Warning: Due to some fraud history, buyers should hire a local lawyer.
5. Colombia: Underrated but Rising
Despite outdated reputations, Colombia’s real estate is booming among retirees and expats.
- Median house (Medellín, Santa Marta): $110,000 – $145,000
- Seafront apartments: Around $65,000
Hiring a local real estate agent and lawyer is crucial for safety and legality.
4. Latvia: EU Investment with Low Entry Barrier
Riga is one of the cheapest EU capitals to buy a home.
- Outside Riga: $98,000 – $127,000
- Capital city apartments: Under $125,000
- Residency permit: €250,000 minimum investment
Latvia is an EU and Schengen member using the Euro.
3. Bulgaria: Cheapest Real Estate in the EU
From the beaches to the capital, Bulgaria offers unbeatable value.
- Median house price: $78,000 – $125,000
- Capital Sofia: Properties as low as $1,000/m²
- Income tax: Among the lowest in Europe
Residence permits for business or personal investment are also available.
2. Fiji: Pacific Paradise with Freehold Options
Fiji offers freehold land, which foreigners can own outright.
- Median home price: $90,000 – $125,000
- Seafront properties can go higher, up to $500,000
- Land types: Foreigners can only buy freehold properties
Despite demand from Chinese and Australian buyers, inventory remains high.
1. Tanzania: Africa’s Emerging Real Estate Haven
Zanzibar is attracting global investors due to its stability and appreciation potential.
- Median house price: Under $110,000
- Year-on-year appreciation rate is very high
- Generous tax incentives available
With rising demand and a thriving tourism economy, Tanzania is an excellent long-term bet.
Final Thoughts
Whether you’re a retiree, an investor seeking rental income, or someone chasing an affordable second home, these 15 countries provide some of the best international real estate opportunities in 2025. Many offer residency programs, low or no taxes, and properties well below $250,000 — making them ideal choices for foreign buyers looking to beat the housing crisis.
Pro Tip: Always consult a local attorney and reputable real estate agent before purchasing overseas property.