Investing in property has always been a great way to build wealth, secure a comfortable home, or even diversify assets. However, the location of your property can significantly influence its value and return on investment. When buying a house internationally, the quality of life, property laws, economy, and real estate market stability are key factors to consider. Here are ten of the best countries to buy a house in 2024, offering unique advantages for investors and homebuyers alike.

SEE ALSO: Cheapest Insurance Companies for Students in UK

1. Portugal

Portugal remains one of the top destinations for real estate investment due to its growing popularity among expatriates and retirees. With stunning landscapes, beautiful coastal towns, and a pleasant Mediterranean climate, Portugal offers both lifestyle appeal and strong property market growth. Property prices are still relatively affordable compared to other European countries, especially in cities like Porto and in the Algarve region. Additionally, Portugal’s Golden Visa program allows non-EU citizens to obtain residency with an investment in real estate starting from €280,000.

2. Spain

Spain’s thriving real estate market continues to attract international buyers, especially in cities like Barcelona, Madrid, and Valencia. Its diverse range of properties, from city apartments to luxury coastal villas, makes it appealing to various buyers. Spain offers an excellent quality of life, with a rich cultural heritage, beautiful beaches, and a warm climate. Property prices in Spain are still lower than in some neighboring European countries, making it a prime destination for investment. The country also offers a Golden Visa program for those looking to secure residency through property investment.

3. Mexico

Mexico is increasingly becoming a go-to destination for expatriates and retirees due to its affordable cost of living, warm weather, and proximity to the United States. In cities like Tulum, Playa del Carmen, and Puerto Vallarta, the real estate market is booming. Foreigners can own property in Mexico, although there are restrictions on coastal and border regions, which can be circumvented through a fideicomiso (trust). Property prices remain significantly lower than in the US and Canada, making Mexico an attractive option for both investors and retirees.

4. Thailand

Thailand is renowned for its beautiful beaches, tropical weather, and bustling cities, making it an ideal location for property investment. Cities like Bangkok, Chiang Mai, and Phuket are popular among expatriates. Foreigners cannot own land in Thailand, but they can own condos outright as long as 51% of the building’s units are owned by Thai nationals. Property prices in Thailand are generally affordable, and the cost of living is low. The tourism sector ensures that short-term rental markets in popular areas like Phuket and Pattaya are thriving.

5. Turkey

Turkey’s real estate market has seen significant growth in recent years, particularly in Istanbul, Bodrum, and Antalya. The country offers a combination of affordable property prices and high rental yields, making it a lucrative investment destination. Turkey’s citizenship-by-investment program allows foreigners to obtain Turkish citizenship by purchasing real estate worth at least $400,000. In addition to its strategic location bridging Europe and Asia, Turkey offers a vibrant culture, Mediterranean climate, and booming tourism industry, making it attractive for both long-term residents and investors.

6. Italy

Italy offers a wide range of properties, from historic homes in picturesque countryside settings to luxury apartments in bustling cities like Rome and Milan. While property prices in major cities can be high, many regions, especially in southern Italy and Sicily, offer affordable real estate options. Italy’s “€1 home” program, aimed at reviving depopulated villages, has attracted international buyers looking for bargain properties. Though these homes often require significant renovation, they present a unique investment opportunity. Italy’s rich history, culture, and world-renowned cuisine make it a desirable destination for homebuyers.

7. Costa Rica

Costa Rica stands out as one of the best places to buy property in Central America, particularly for those seeking a peaceful, nature-filled lifestyle. Known for its political stability, high-quality healthcare, and biodiversity, Costa Rica offers a strong quality of life. Popular areas for real estate investment include the Central Valley, Guanacaste, and the Pacific Coast. Foreigners can own property without restrictions, and property prices are still relatively affordable, especially in comparison to the US. Costa Rica’s eco-tourism industry also provides lucrative opportunities for vacation rental investments.

8. Greece

Greece is known for its stunning islands, ancient history, and beautiful architecture, and it’s an appealing destination for both lifestyle buyers and investors. The Greek real estate market has recovered from its economic downturn, with property prices steadily rising, especially in cities like Athens and Thessaloniki. Foreign buyers can find great deals on homes in coastal areas and islands like Santorini, Mykonos, and Crete. Greece also offers a Golden Visa program, granting residency to those who invest at least €250,000 in real estate, one of the lowest investment thresholds in Europe.

9. United Arab Emirates (UAE)

Dubai, the largest city in the UAE, is a prime location for real estate investment. The city’s luxury developments, high rental yields, and tax-free environment have made it one of the top destinations for property buyers from around the world. In 2024, Dubai continues to offer a range of properties from affordable apartments to lavish villas. The UAE has a flexible property ownership system for foreign investors, and the country’s strong economy, world-class infrastructure, and favorable tax laws make it an attractive place to buy a house.

10. New Zealand

New Zealand is an excellent choice for those looking for a home in a peaceful and scenic environment. The country offers a stable economy, high quality of life, and a property market that has remained resilient. In 2024, New Zealand’s housing market remains competitive, particularly in cities like Auckland, Wellington, and Queenstown. While there are restrictions on foreign ownership of certain types of properties, foreigners can still buy homes, especially in certain regions or through specific residency programs. New Zealand’s natural beauty and relaxed lifestyle make it highly attractive for long-term homebuyers.

Final Thoughts

Choosing the best country to buy a house depends on your financial goals, lifestyle preferences, and long-term plans. Whether you’re seeking a profitable investment, a second home, or a peaceful retirement haven, these ten countries offer diverse opportunities for buyers. With growing property markets, favorable government policies, and strong economic indicators, 2024 presents a great time to explore real estate investments abroad. Always consult local experts and legal professionals before making any property purchases to ensure that the process is smooth and aligned with your objectives.