The 3 Cheapest Countries to live in Europe
What if I told you that you could live in one of Europe's most desirable countries for a very reasonable price?
Europe is a continent known for its historical, cultural and gastronomic wonders, but it is also known for being one of the most expensive places to live in the world. However, there are some countries that stand out as being more affordable in terms of the cost of living. If you want to move to Europe without breaking the bank, these are the three cheapest countries on the continent to live in.
Bulgaria is a country that offers a high quality of life at a very reasonable price. Food, housing and transport are much cheaper than in many other European countries. In addition, the country has beautiful natural landscapes and a rich culture and history that make it an attractive place to live.
The average cost of a one-bedroom apartment in the city center is around 300-400 euros per month. You can also find cheaper options if you move away from the center. Food and basic commodities are quite affordable, with an average price of 30-40 euros per week for one person. As for transport, a public transport ticket costs around 0.60 euros.
Firstly, the cost of living in Romania is generally lower than in other Western European countries. Prices for food, transport, housing and other daily expenses are significantly lower in Romania than in countries such as Germany or France.
In addition, purchasing power in Romania is significantly lower than in other European countries, which means that wages and incomes are generally lower. This translates into lower prices for goods and services.
On the other hand, although Romania's capital, Bucharest, has a large number of businesses and job opportunities, the country is still in the process of economic development and has not reached the same level of prosperity as other European countries. This may also contribute to the lower prices in the country.
In other words, the low cost of living and purchasing power compared to other European countries, together with the level of economic development, are some of the reasons why Romania is one of the cheapest countries to live in Europe.
Portugal is one of the cheapest countries to live in Europe due to several factors. Firstly, the cost of living is lower than in many other European countries. Prices for food, housing and services are relatively affordable compared to other EU countries, especially outside the major cities. In addition, Portugal's mild and pleasant climate attracts many retirees and expatriates, making the housing market very competitive and affordable.
Another important factor is the Portuguese tax system, which offers tax benefits to foreigners moving to the country. For example, retired people moving to Portugal can benefit from a reduced income tax rate or even tax exemptions in some cases. In addition, Portugal offers a high quality of life at a relatively low cost, making it a popular destination for tourists and expatriates.
So, if you are interested in finding out more about residency by investment program and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a ten minute consultation with us to discuss your options further.
Also, if you want to access our other great content, subscribe to our YouTube channel! At Creimerman, our team of professional global citizens would be happy to help you with your personal or professional cross-border ventures and help make them a success.