bossitoPortugal’s bid to attract foreign money backfires as rental market goes ‘crazy’
DarkhoofPortuguese here. The rental market in Portugal is completely separated from the reality of portuguese wages. As an example, minimum wage is 750€/month per 14 months. Meaning 875€/month if you count 12 months.
Rents in Lisbon for a bedroom usually start around 500€. And the situation in the other cities with somewhat decent jobs is getting as bad as in Lisbon.
ChickenLadyLovesLifeminimum wage is 750€/month per 14 months. Meaning 875€/month if you count 12 months.
Say what?
In Portugal, we receive 14 months of salary. The normal 12 months and 1 month salary as vacation subsidy, and another as Christmas subsidy.