Renting vs. Buying

Renting vs. Buying Abroad

What things actually cost in each country -- and why renting for a year first is usually the smarter move.

Why Rent Before You Buy

🗺️
Test the Location
Seasons, noise, commute, neighbors -- a year of renting shows you things a two-week visit never will.
🛂
Let Your Status Settle
Visas and residency permits often take time to finalize. Renting keeps you flexible while that plays out.
🔍
Learn the Real Market
Asking prices and actual sale prices can differ a lot. Time on the ground helps you spot a fair deal.
🏦
Financing Takes Time
Mortgages for foreign buyers are often slower, pricier, or harder to qualify for. Renting buys you room to sort it out.
Average Costs by Country
Monthly rent by apartment size, plus what buying typically costs -- researched averages, always confirm current listings.
🇨🇴 Colombia
Studio$440/mo
1 Bedroom$550/mo
2 Bedroom$760/mo
Buying (avg)$1,250/m²
Closing costs1.5–3%

Rents reflect Bogota/Medellin averages.

🇨🇷 Costa Rica
Studio$750/mo
1 Bedroom$1,000/mo
2 Bedroom$1,400/mo
Buying (avg)$1,900/m²
Closing costs4–6%

Rents reflect the San Jose metro area.

🇫🇷 France
Studio$860/mo
1 Bedroom$1,310/mo
2 Bedroom$1,950/mo
Buying (avg)$10,390/m²
Closing costs7–8%

Rents and buying price reflect Paris. Elsewhere in France, buying averages roughly $2,725/m2.

🇮🇪 Ireland
Studio$1425/mo
1 Bedroom$1900/mo
2 Bedroom$2650/mo
Buying (avg)$4,300/m²
Closing costs2–4%

National blended average. Dublin runs much higher -- often $6,000+/m² to buy.

🇮🇹 Italy
Studio$1,035/mo
1 Bedroom$1,500/mo
2 Bedroom$2,070/mo
Buying (avg)$1,950/m²
Closing costs9–15%

Rents reflect Rome. Buying price is a national average -- Milan runs much higher, the south much lower.

🇯🇵 Japan
Studio$800/mo
1 Bedroom$1,300/mo
2 Bedroom$1,930/mo
Buying (avg)$2,650/m²
Closing costs7–10%

Rents reflect Tokyo. Buying price is a national average -- Tokyo itself runs closer to $8,000+/m2.

🇲🇽 Mexico
Studio$515/mo
1 Bedroom$715/mo
2 Bedroom$1,030/mo
Buying (avg)$1,625/m²
Closing costs6–10%

National urban averages.

🇵🇦 Panama
Studio$1,200/mo
1 Bedroom$1,550/mo
2 Bedroom$2,050/mo
Buying (avg)$1,850/m²
Closing costs3–6%

Rents and buying price reflect Panama City. Nationwide buying averages closer to $1,250/m2.

🇵🇹 Portugal
Studio$1,015/mo
1 Bedroom$1,255/mo
2 Bedroom$1,625/mo
Buying (avg)$2,130/m²
Closing costs8–10%

As of 2026, foreign non-residents pay a flat 7.5% property transfer tax (IMT) in most cases.

🇪🇸 Spain
Studio$765/mo
1 Bedroom$1,255/mo
2 Bedroom$1,855/mo
Buying (avg)$2,180/m²
Closing costs10–15%

Rents reflect Madrid. Buying price is a national median -- Madrid and Barcelona run notably higher.

🇹🇭 Thailand
Studio$500/mo
1 Bedroom$800/mo
2 Bedroom$1,480/mo
Buying (avg)$4,300/m²
Closing costs6–9%

Rents and buying price reflect Bangkok condos. Foreigners may own up to 49 percent of a condo buildings total area.

🇻🇳 Vietnam
Studio$550/mo
1 Bedroom$900/mo
2 Bedroom$1400/mo
Buying (avg)$2,850/m²
Closing costs13–18%

Rents reflect Ho Chi Minh City. Buying price is a national average -- Hanoi and Da Nang tourist areas run higher.

What Could You Afford?

Pick a country and a budget, and we will show you which rental sizes fit -- plus what buying looks like there.

Where to Search Listings

Direct links to the major rental and property sites for each country -- a starting point for your own search.

🇨🇴Colombia
🇨🇷Costa Rica
🇫🇷France
🇮🇪Ireland
🇮🇹Italy
🇲🇽Mexico
🇵🇦Panama
🇵🇹Portugal
🇪🇸Spain
🇹🇭Thailand

Ready to Find Your Next Home?

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