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Evaluation of investing in real estate in EU and non-EU countries based on MCDM

Investment in real estate is a zoning issue as the real estate market is closely related to economic development and trends in real estate market are considered to be indicators of trends in the whole economy of the country.
The goal of this paper is to analyse the main aspects and considerations when investing in real estate, evaluate investment in real estate situation in different EU and non-EU countries and introduce MCDM methods that could be used
for selecting a state for investment in real estate. It is identified that when investing in real estate various political, social, economic, environmental and other factors
have to be taken into consideration. Analysed examples of EU (Lithuania, Romania, UK) and non-EU (Turkey, China, Russia) countries show different
risks and opportunities for investments in real estate. MCDM methods are applicable to evaluate which countries are most attractive for investment in real estate. Described
TOPSIS and ARAS methods could be used for assessing states as alternatives when selecting where to invest