Lithuania is the best country in which to invest in property overseas, thanks to high yields, high rents, and low buying costs.
That is according to a study from 1st Move International removals, which found that you can get gross rental yields of 6.44% per year in the Baltic state.
House prices are expected to moderately increase in the years ahead, while foreigners aren’t restricted from buying property.
Estonia
Estonia, which sits north of Lithuania, is ranked as the second-best country to invest in property.
One significant advantage for investors you can buy as a non-resident on the same terms as residents, making the process more straightforward.
The country has the lowest buying costs among all the countries in the study, at just 1.30%.
With a projected growth rate of 12.30% and an annual gross rental yield of 4.51%, Estonia offers attractive rental opportunities, giving investors a steady monthly income.
Romania
In third comes Romania, which has the lowest average rental income tax rate at 10% and a strong gross rental yield of 6.46% per year, second only to the UK.
Although selling costs are high at 6%, the country presents a more favourable opportunity for investors in the rental market.
The most lucrative rents are found in the nation’s capital of Bucharest.
Belgium
At the other end of the spectrum, Belgium is viewed as the worst country in which to invest in property.
Buying costs amount to 17.50% in the country, it has high house prices, while it has the highest average rental income tax rate (36.83%) and income property taxes (50%).
Spain
Meanwhile Spain – always a popular destination for Brits – is the most popular country for those looking to buy, based on Google searches.
The country has relatively open and straightforward property ownership regulations, while it allows non-residents to purchase various properties, from residential homes to commercial properties.
