Capital: San Marino
Total Area: 61 km²
San Marino, officially the Republic of San Marino and also known as the Most Serene Republic of San Marino, is an enclaved microstate surrounded by Italy, situated on the Italian Peninsula on the north-eastern side of the Apennine Mountains.
For those looking to live in a small republic in Europe, you might find San Marino to be one of the most interesting of the bunch. San Marino is actually the oldest constitutional republic in the world. Its constitution has been in effect since 1600, more than 400 years and continuing.
The real estate market in San Marino is small but it is adequate for the population that resides in this small republic. There are currently about 8,000 homes or apartments and while new homes are built occasionally, the government is extremely concerned with the over construction in the republic.
Depending on the type of home, you should find moderate real estate prices in San Marino. Many homes can even cost less than those in certain parts of Italy nearby. Before purchasing a home, make sure you check with the government for any special requirements.