These low cost markets like Romania, Albania Moldova etc are fine, but do your research- prices quoted per m2 at 1000 - 1800euros is very high, for the local population to rent or buy. It would make a modest 2 bed apartment of 55m2 over 55000 -99000 euros! In the Buy -to - Let market a good guide is to buy where you can target 100% of the potential market either for selling or letting. Check the rental rates locally for the type of property and work out the value to your from the return you want to make. eg. If you want 7% return gross, multiply the annual rental by 15, 5% return gross multilply by 20. If the property price then still suits, fine. Holiday lets are probably the worst Buy -to- Let investments, particularly if you are relying on borrowed money. There are good opportunities in Brazil as well where rental returns yield around 7-9%.(long term lets)