If you’ve been scouting where to buy land, you’ve probably been thinking about price. You might want to know about the countries with the cheapest land.
Among the countries with the cheapest land are:
- United States
We’ve done our research on the best values in land for quite a few countries. We’ll explore both what the cheapest countries are in and the cheapest countries to buy land in relation to other aspects that might make a country attractive, like the best economies and the safe places to buy land. Without further ado, let’s get to our first:
- Using our list of 7 countries and a variety of variables should help you find the lowest per acre land costs.
- The United States is still a good place to buy land if you are intending to avoid major cities.
- Agricultural land is still a commodity for starting a farming or livestock business. Kazakhstan is one of the best.
- You’ll find much more affordable land in places like Bolivia and Ecuador.
- The land market does change consistently, so monitor frequently for the cheapest property.
Table of Contents
7 Countries where you can buy cheap land
As someone who has a keen interest in real estate, I have researched extensively on the cheapest places in the world to buy land. After going through various sources, I have compiled a list of seven countries that offer affordable land prices.
This South American country offers the cheapest land per acre in the world. With very little development, land prices are low, making it a good option for investors.
Land prices in Paraguay are among the lowest in the world, making it an ideal location for those looking to invest in agriculture. The country's fertile soil and temperate but warm weather make it a great place to buy agricultural land,
Portugal is another country that offers affordable land prices. The country's government has made it easy for foreigners to buy real estate, making it an viable option for investors looking to buy property. It should be easy to acquire agricultural land here. Portugal is also well ranked by the world economic forum, which is a good sign that the country is stable.
Mexico is sought after by foreign investors looking to buy land. Land prices are affordable, and the country's proximity to the United States makes it an ideal location for those looking to purchase vacation homes.
Greece is another country that offers affordable land prices. The country's economy has been struggling in recent years, which has led to a decline in property prices. This makes it a great option for investors looking to buy property at a bargain price.
While land prices in the United States vary depending on the location, there are still many areas where land prices are affordable. Some of the cheapest places to buy land in the US include Texas, Arizona, and New Mexico.
We would suggest staying away from major cities if you want to find cheap land though. Land in major metropolitan regions is simply a very scarce commodity that you’ll pay a lot for.
Spain offers good prices for land. The country's real estate market has been struggling in recent years, which has led to a decline in property prices and made land ownership a bit easier. Spain is a good option for investors looking to buy property at a bargain price.
These are just a few of the cheapest countries in which to buy land. While investing in real estate can be a lucrative venture, it's important to start with some research and make informed decisions before choosing to purchase land.
Which Countries with the Cheapest Land Have the Best Weather?
When looking for cheap land to buy, it's also important to consider the climate of the country. After all, you don't want to buy land in a place with extreme temperatures or frequent natural disasters. Here are some of the cheapest countries to buy land in that also have great weather:
Mexico is a great place for retirees and ex-pats looking for affordable living costs and pleasant weather. The country has a diverse climate, ranging from tropical to desert, but most areas have warm temperatures year-round. Some popular areas for buying land in Mexico include Puerto Vallarta, San Miguel de Allende, and Cancun.
Nicaragua is a very affordable country in Central America, with land prices averaging around $10,000 per acre. The country has a tropical climate with warm temperatures and plenty of sunshine. Some popular areas for buying land in Nicaragua include Granada, San Juan del Sur, and Leon.
Ecuador is a small country in South America that offers a low cost of living and a mild climate. The country has a diverse geography, with mountains, beaches, and rainforests. The capital city of Quito offers exceptional choices for ex-pats, but there are also plenty of rural areas with affordable land prices.
Bolivia is one of the cheapest countries in South America, with land prices averaging around $5,000 per acre. The country has a varied climate, with tropical rainforests in the north and high-altitude deserts in the south. Some popular areas for buying land in Bolivia include Santa Cruz, Cochabamba, and La Paz.
Paraguay is a landlocked country in South America that offers some of the cheapest land prices in the world. The country has a subtropical climate with warm temperatures and plenty of sunshine. Some popular areas for buying land in Paraguay include Asuncion, Ciudad del Este, and Encarnacion.
Cambodia is a small country in Southeast Asia that offers affordable land prices and a tropical climate. The country has a rainy season from May to October, but the rest of the year is warm and sunny. Some popular areas for buying land in Cambodia include Phnom Penh, Siem Reap, and Sihanoukville.
Ex-pats and retirees looking for affordable living costs and a tropical climate often look to the Phillipines. The country has over 7,000 islands, each with its own unique climate, but most areas have warm temperatures year-round. Some popular areas for buying land in the Philippines include Manila, Cebu, and Davao.
Overall, these countries offer some of the cheapest land prices in the world, with the added bonus of great weather. However, it's important to perform some research and visit the areas before making a purchase to ensure that the climate and location are a good fit for your wants in land.
Which Countries with the Cheapest Land Have the Best Economy?
The price is not the only factor to consider when looking for the right kind of land. You’ll also want to think about the country's economy and its potential for growth. After all, you don't want to invest in land in a country that has a weak or unstable economy. A good economy can be a sign that starting a business there would thrive.
That being said, some of the countries with the cheapest land also have strong and growing economies. Here are a few examples:
Despite its low land prices, Paraguay has a growing economy, with a GDP growth rate of 4.5% in 2022. It is also a major exporter of soybeans, beef, and other agricultural products.
Bolivia's economy is also growing, with a projected GDP growth rate of 5.5% in 2022. The country is rich in natural resources, including oil, gas, and minerals.
Nicaragua is a Central American country with some of the cheapest land prices in the world. You can buy land in Nicaragua for as little as $499 per hectare. Despite its low land prices, Nicaragua has a growing economy, with a projected gross domestic growth of a little over 4% in 2022. The country is a major exporter of coffee, beef, and other agricultural products.
Of course, there are other factors to consider when investing in land, such as the country's political stability, infrastructure, and legal system. It's also important conduct your own research and consult with professionals before investing in anything.
Which Countries with the Cheapest Land Are the Safest to Live in?
When considering buying land in a foreign country, safety is always a top concern. While some of the cheapest countries to buy land may also have a reputation for being unsafe, there are still many affordable options that are also considered safe.
The Global Peace Index says the safest countries include Denmark, Iceland, Portugal, New Zealand, and Austria. While these countries may not have the cheapest land prices, they do offer a high level of safety and security for residents.
Costa Rica and Panama are both known for their low cost of living and high safety ratings. In fact, Costa Rica has been named the happiest country in the world by the Happy Planet Index, which takes into account factors such as well-being, life expectancy, and ecological footprint.
Malaysia, Mexico, and Bulgaria also offer a lower cost of living than many Western countries, while still providing a safe and secure environment for residents.
It's important to note that safety is not just about crime rates, but also includes factors such as natural disasters, political stability, and healthcare. Before buying land in a foreign country, it's important to do your research and consider all of these factors to ensure that you are making a safe and informed decision.
Which countries have the best affordable agricultural land?
Ukraine and Kazakhstan offer vast amounts of fertile land at affordable prices. Ukraine has a long history of agriculture and is known for its fertile black soil. Kazakhstan, on the other hand, has vast steppes and fertile land, making it a great destination for livestock farming.
Your might bets in coming years might be trying Kazakhstan because the current war in Ukraine will likely stifle agricultural land development on some level.
While some people are approaching countries to buy agricultural land for a business, they might also just want to find a piece of good land in a good land market with arable land to retire on, and Ukraine might not be it right now.
About THE AUTHOR
Brittany has been in the land business since 2020 when the world was starting to shut down. Since then, we’ve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. Our inventory spans mostly in the western United States. We’ve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. We’ve answered hundreds of questions from people regarding the buying and use of land.Read More About Brittany Melling