The major differences between real estate investment in Portugal and Turkey

Should I invest in Portugal or Turkey?

The major differences between real estate investment in Portugal and Turkey
08-11-2022
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Last update 25-12-2022
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Real estate investment is one of the investors' most famous methods to secure profits. Many investors are looking for genuine opportunities to profit by buying a property or several properties. This matter depends on the budget and availability of suitable options locally and globally. 

 

Investors face complex challenges in choosing, especially in European countries, due to the lack of conditions for thriving, genuine estate investment. This is due to several reasons, the most important of which are the laws of ownership and buying according to each country, which often makes successful investment 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 a manageable 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 essential conditions for real estate investment success in Western countries is understanding the environment, culture, and living conditions in general. Sometimes, some things must be studied until the decision is made on whether this investment meets the aspirations of the investor or not. 

Many things differ in many respects between living in Turkey and Portugal; one of the most significant differences is the language. The Portuguese language, derived from the Latin language, is used, while the Turkish language has many Arabic words, which helps to learn it faster. Therefore, we must direct our approach to culture when we talk about language. Many 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. Specifically, Turkey is an Islamic country and is famous for its mosques compared to Portugal; 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, fees range from 1,000 euros to 1,800 euros, depending on the country. The number of rooms, the city, and the pensioners get about six hundred euros per month, and for the monthly groceries expenses, 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. The monthly grocery expense is about one hundred dollars if it is Istanbul.