When considering a move or real estate investment abroad, it's crucial to weigh various factors that contribute to the overall appeal of a city. In this quick visual guide, we'll compare two fascinating cities - Istanbul and Lisbon - providing insights into their markets, real estate opportunities, locations, weather, ease of investment, and cultural richness.
Let's compare both cities in the terms mentioned below:
Market:
Lisbon: As a member of the European Union, Lisbon boasts economic stability. Its market is characterized by diverse industries, including technology, services, and tourism.
Istanbul: Serving as a dynamic financial hub, Istanbul's market encompasses finance, tourism, and manufacturing sectors. The city's diverse economic landscape offers a range of investment opportunities.
Real Estate:
Istanbul: The city's real estate market is diverse, featuring attractive residential properties and enticing deals. Investors can explore various options suitable for their preferences.
Lisbon: Lisbon has experienced a significant surge in real estate prices, driven by increased foreign investment. The city offers an array of property options, making it an appealing choice for real estate enthusiasts.
Location:
Lisbon: Situated on Portugal's western coast, Lisbon enjoys a prime location near the Atlantic Ocean, offering picturesque landscapes and a laid-back coastal lifestyle.
Istanbul: As a transcontinental city spanning Europe and Asia, Istanbul presents a unique blend of cultures and perspectives, creating a vibrant and cosmopolitan atmosphere.
Weather:
Lisbon: Lisbon boasts a Mediterranean climate with mild, rainy winters and hot, dry summers, providing a pleasant and comfortable living environment.
Istanbul: Experiencing four distinct seasons with moderate rainfall, Istanbul offers a diverse climate that caters to those who appreciate a variety of weather conditions.
Ease of Real Estate Investment:
Lisbon: Portugal's Golden Visa program allows investors to obtain residency by purchasing a property worth 350,000 Euros, providing an attractive pathway for international investors.
Istanbul: Turkey offers citizenship through real estate investment, requiring the purchase of a property worth 400,000 USD, making it an enticing option for those seeking Turkish citizenship.
Culture:
Lisbon: Rich in history and culture, Lisbon features iconic landmarks such as The Belem Tower, Jeronimos Monastery, and the historic district of Alfama, creating a captivating blend of the old and the new.
Istanbul: Boasting a heritage as the former capital of the Byzantine and Ottoman Empires, Istanbul showcases cultural gems like Hagia Sophia, Galata Tower, and The Maiden's Tower, providing a living history lesson.
Whether you're drawn to the historical charm of Istanbul or the coastal allure of Lisbon, both cities offer unique advantages for investors and residents alike. Consider your priorities, preferences, and investment goals to make an informed decision on your journey to a new and exciting chapter of life.
