Countries with very cheap Real Estate

[btownboss4]

any 3rd world country

[TA2TQT]

Any new updates regarding tropical countries with beautiful beaches to retire to and open a bakery?

[jtur88]

"Real estate" is a combined term, which usually refers to a house situated on a piece of land, each of which is valued separately. I have a friend in Montreal who recently inherited the family home. It sold for nearly a million dollars, and the new owners immediately demolished the house and build another one. It was the building lot that was worth a million dollars, the house worth nothing.

I was astonished in South America, when I made casual inquiries about the cost of land. Even unproductive rural land is valued at more per hectare than comparable land in the USA. It might be very hard to find a suitable building lot, even in the third world, at a low enough price on which you can have your house built cheaply. But the building of the house can often be done with much cheaper labor and materials and much less rigid building codes.

[mooguy]

Believe it or not, Canada.

Toronto is expensive and Vancouver is the most expensive city in the Western world when compared to income but much of Canada is dirty cheap.

Although all of BC is expensive, nearly all provinces have shockingly low real estate areas and no they are not in the boonies. You can get a serviced lot for $29k just over 2 hours from Toronto and near 2 freeways and large nearby cities. All of Atlantic Canada and Quebec are cheap as is the Prairies with the exception of Alberta which is still reasonable. Get out of the big cities and stay away from BC and land and houses can be incredibly cheap.