Earlier quoted context omitted.
Just clicking around on real estate sites, large houses with gardens in nature seem to be rather cheap there. Maybe you are in another region but with mortgage % low, the prices like [0][1][2] are far from needing to be a millionaire. [0] https://en.arkadia.com/eden-t67035189/ [1] https://en.arkadia.com/eden-t67126374/ [2] https://en.arkadia.com/eden-t66305759/
Of course prices of old houses in need of maintenance, far away from the nearest city, in regions with little to no jobs, next to the border with Eastern European countries, will be cheap. Nobody wants to live there. Try looking at homes in the suburbs of desirable cities with jobs and see 10x prices. If we're just looking for random homes on the internet you can find better deals in villages in southern Europe but t…
Nobody besides everyone I know... I (nor my friends or family) would never want to live in or close to a city. Let alone in a suburb; if in a city then the center.
But you are right; still, to pay a 2m mortgage, you do not need to be a millionaire. And for 2m I see nice stuff in Vienna.
> catch why cheap homes are cheap.
I live in such a home in southern eu and for me there is no catch. Huge garden, swimming pool, large villa for 130k. Always sunny, nature, no polution. Just not close (40min drive; probably faster than a lot of suburb-center commutes though) to a city, that’s a benefit, not a catch.