Property buying guide for Portugal
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Property maintenance costs in Portugal

Property maintenance in Portugal is cheaper than in countries like the UK and USA. For example, it costs about €2,000 per year to maintain an apartments in Lisbon and about €4,000 for a three-bedroom villa in Faro.

Taxes

Annual property tax (Imposto Municipal sobre Imóveis) ranges from 0.4% to 0.8 % depending on the tax registration value of the urban or rural property.

Capital gains tax upon sale of the property for non-tax residents is 28% on the difference between purchase and sale price.

Inheritance and gift tax is 1%. Spouses, children, parents and grandchildren are exempt from this tax.

Utility bills

Electricity costs €40 per month on average and water charges €10 per month. In Lisbon buildings are connected to a central gas system. In other regions, owners will have to buy gas cylinders which cost about €50 each and last about two months for a family of four. Average utility costs are €88 per month.

Utility charges for 85 sq m apartment,
EUR/monthSource: Numbeo.com

Alges 127
Almada 50
Almadora 144
Amarante 60
Amora 85
Aveiro 85
Barreiro 67
Braga 83
Bragança 52
Cascais 118
Castelo Branco 65
Chaves 100
Coimbra 110
Evora 58
Fafe 75
Viana do Castelo 111
Vila do Condi 68
Vila Nova de Gaya 60
Faro 70
Figuera da Foz 100
Futsal 77
Leiria 96
Lisbon 87
Loures 170
Maia 70
Oeiras 85
Peniche 124
Ponta Delgada 89
Portiman 80
Porto 101
Santaren 90
Setubal 60
Torris Vedras 60
Vila Real 75
Viseu 250
Portugal 88

Insurance

Real estate insurance is mandatory in Portugal. Standard insurance, covering risks such as fire, acts of God (i.e., natural catastrophes) and vandalism, costs €200–400 per year or 0.01–0.10% of the property value.

Apartment 004–11
House 11–17
Prime property 15–30

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    Property buying guide for Portugal
    Article 5 of 6
    Tranio’s managers offer advice on buying real estate in Portugal
    Kseniya Kolesnikova
    Kseniya Kolesnikova
    Real Estate Expert
    +44 17 4822 0039
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