Investing in coastal regions

[Account Closed]

Hi everyone,

First of all, I live in Europe so things might be a little different from America.

I'm interested in investing in certain coastal cities but I'm not sure about the regions. This is in West-Europe. I'll be talking about 1 specific coastal city. This region has the biggest railway station of all the coastal cities in my country. It has the only airport of all coastal cities and I believe it's also the biggest town. There are plenty schools, shops and jobs available. The place has a good reputation among people from the main land though it's definetly not the nicest coastal city. Because of the cheaper prices the town attracted a lot of foreigners, most of them with turkish roots. This happened over the past 5-10 years.

You can buy a 3 appartment building for as low as 200k (with work to be done). SFH can be bought for 100-150k A different coastal city further east starts at 400-500k for a single flat. SFH start from 1.3-1.5million. Obviously the stores in each of these coastal cities attract a different crowd.

Is it wise to invest in the cheaper coastal city? It has everything i thought was important though it's so much cheaper than the rest it makes me doubt myself.

I know from insider info that the cheaper coastal city has huge debt. This is not the only one with debt though. Not sure if this matters.

Appreciation of the building is more important for me since getting CF is not easy here.