The European market as well as the rest of the world was affected by the COVID-19 pandemic. However, in some countries the impact of the coronavirus was negligible, so, by and large, the European real estate market remains strong despite previous crises.
Buying property in Europe in 2022 continues to be a stable trend among international investors as a way to invest efficiently, safely, and profitably.
In this case, most are aimed not only at obtaining a reliable source of income from rents but also as a complement – to get a residence permit in Europe when buying a property and have a second home for living or vacationing as a family.
Many countries in Europe have special immigration programs that allow you to get a residence permit and permanent residency when buying a property: Spain, Portugal, Cyprus, Malta, Greece, and Montenegro.
If some countries, thanks to old stock or features of the economy, were less affected by the crisis, several EU countries have had a hard time. The situation is pretty much the same with the European car brands. The closure of borders and a reduction in tourist traffic led to a near catastrophe.
In our today’s article, we will focus on the top 6 European cities which are especially profitable to invest in Real Estate in 2022.
Despite the coronavirus, the Irish economy shows steady growth, and Dublin is the European leader in real estate prices increase. The purchase of real estate here looks like a good investment. In 2021, the increase in prices for real estate reached 3.4%. At the same time, the demand for housing in Dublin decreased by 21%, and housing started to decrease by almost 2%.
Stability is Germany’s middle name. Growth in real estate here has not fallen even in the toughest crisis year. During the year 2020, home prices in Germany rose by 11.42%. All of this is greatly helped by government policies: subsidies for home ownership and home improvement, low-interest rates on mortgages, urbanization, and a good financial situation for companies and citizens. The home country of Porsche, the most famous car brand with a horse logo, is unlikely to ever leave the top of the investment ratings.
Lisbon is the oldest city in Europe, which has. 12-months touristic season. The city faces more and more visitors coming to it yearly. Portugal’s economic growth has been somewhat stunted by the pandemic, but all the statistics agencies predict economic growth of 5.4% in 2022, one of the highest in Europe. Among other things, the country has a fairly popular Golden Visa program, which contributes to a continued interest in buying a home.
The Netherlands is not the first country to think about when planning to invest in Europe, although, it has always been one of the most promising locations for investment in real estate. Here we can see one of the highest property price growth in Europe – 7.33%.
The Romanian real estate market is not widely advertised, plus has been recovering after a steep decline in 2009. with the strongest growth of 4.2% in 2019; in 2020-21, real estate price growth slowed dramatically again and did not exceed 1 percent. That said, demand has been quite strong in the last two years. In 2020 alone, it was up nearly 11%, while the number of new permits issued was down 2.9%.
The capital of Slovakia registered a European record increase in residential real estate prices during the pandemic – 14.28%. For Slovakia itself, this is the best picture since 2007. This contributes to both domestic market and interest from investors – mainly from Russia and former Soviet countries.