The 10 most affordable countries to buy a house

No. 10: Greece

Average disposable household income: $26,196
Average price per square meter: $2,613
House price to income percentage: 10%
(Photo: Shutterstock)

No. 9: Slovakia

Average disposable household income: $30,302
Average price per square meter: $2,969
House price to income percentage: 9.8%
(Photo of Winter in Banská Štiavnica, a town in central Slovakia and a UNESCO World Heritage Site, is from Wikipedia.)

No. 8: Latvia

Average disposable household income: $24,087
Average price per square meter: $2,332
House price to income percentage: 9.7%
(Photo of Riga, the capital city of Latvia, is from Wikipedia.)

No. 7: Brazil

Average disposable household income: $18,797
Average price per square meter: $1,738
House price to income percentage: 9.2%
(Photo of the Supreme Court of Justice in Brasília, Brazil is from Shutterstock.)

No. 6: Lithuania

Average disposable household income: $32,057
Average price per square meter: $2,962
House price to income percentage: 9.2%
(The geographic center of Europe is located in Lithuania. Photo: Shutterstock)

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No. 5: Mexico

Average disposable household income: $20,668
Average price per square meter: $1,515
House price to income percentage: 7.3%
(Photo: Shutterstock)

No. 4: South Africa

Average disposable household income: $17,156
Average price per square meter: $1,248
House price to income percentage: 7.3%
(Photo: Shutterstock)

No. 3: Russia

Average disposable household income: $26,390
Average price per square meter: $1,557
House price to income percentage: 5.9%
(Photo: Shutterstock)

No. 2: U.S.A.

Average disposable household income: $67,020
Average price per square meter: $3,683
House price to income percentage: 5.5%
(Photo: Shutterstock)

No. 1: Turkey

Average disposable household income: $27,087
Average price per square meter: $1,131
House price to income percentage: 4.2%
(Photo: Shutterstock)

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Moving abroad holds special appeal for individuals who value fresh experiences, thrive on meeting new people, and relish an adventurous approach to life.

Roughly nine million Americans lived abroad as of 2018, according to The Washington Post, and Gallup polling indicates many more want to live outside the U.S. Some of the specific reasons Americans move abroad include pursuing a romantic relationship, fulfilling a career aspiration, or the search for a lower cost of living.

How does someone know if living abroad is the right choice? One international lifestyles blogger suggests that those who are considering such a move ask themselves the following questions:

• How will moving to another country impact your life?
• How realistic is your goal of moving abroad?
• Are you moving toward something or running away from something?
• How well will you function without a nearby support network?
• How well do you know the country you’re thinking about moving to?

Finances are another major component of the decision to move abroad, and those who are looking to relocate without the assistance of an employer may want to consider buying property in their new country of residence. People in this boat will soon realize that property prices vary drastically from one country to the next.

The consumer-finance website Compare The Market™ recently evaluated which countries are the most and least expensive for buying a home. Determinations took into account average earnings, property prices per square meter, and average disposable income in each country before developing these rankings.

The slideshow above illustrates the 10 most affordable countries for buying a house, according to Compare The Market™.

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