The major differences between real estate investment in Portugal and Turkey

should I invest in Portugal or Turkey?

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08-11-2022
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Last update 09-11-2022
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Real estate investment is one of the most famous investment methods that investors take to secure profits Many investors are looking for real opportunities to make a profit by buying a property or several properties, and this matter depends on the budget and depends on the availability of good opportunities not only locally, but also globally 

 

Investors face difficult challenges in choosing, especially in European countries, due to the lack of conditions for successful investment, especially real estate investment. This is due to several reasons, the most important of which are the laws of ownership and investment according to each country, which makes the task of successful investment often difficult. 

 

Investment opportunities are traded in Portugal with brief descriptions of how to benefit from the real estate residence there without addressing how to guarantee the investment and that the property will make a profit within a specified and previously announced period as the value purchased is not an easy number, so we are at Deal Real Estate have studied the most important differences between real estate investment in Portugal and Turkey 

Living in Portugal or Turkey? 

One of the most important conditions for the success of real estate investment in Western countries is to understand the environment, culture, and living conditions in general, and sometimes some things must be studied until the decision is made whether this investment meets the aspirations of the investor or not. 

Many things differ in many respects between living in Turkey and living in Portugal, one of the most major differences is the language. The Portuguese language, which is derived from the Latin language, is used, while the Turkish language has a large number of Arabic words, which helps to learn it faster, and when we talk about the language, we must direct our approach to culture. A large number of foreign and Arab investors in particular have chosen Turkey as an investment destination and even a place for their families to settle because of the Turkish culture, which is very close to Arab culture compared to European culture, and specifically, Turkey is an Islamic country and is famous for its mosques compared to Portugal, which There is a scattered Islamic community in several cities, numbering approximately tens of thousands. 

If you think about settling in any country, the first idea that comes to mind is the cost of living. The average monthly income per capita in Portugal is about 855 euros after taxes. This figure is considered modest compared to different European countries. For apartment rental prices per month, prices range from 1,000 euros to 1,800 euros, depending on the country. The number of rooms and the city, and the pensioners get about six hundred euros per month, and as for the monthly expenses in groceries, it is no less than two hundred euros per month. 

As for Turkey, the average per capita income per month is about six hundred dollars, and the rent prices range from 300 to 1000 dollars, depending on the city and region if it is Istanbul, and the monthly expense in groceries is about one hundred dollars