Once you’ve decided where you want to buy property in Portugal and how much you can expect to pay based on average house prices there, you’ll also want to know about the running costs of upkeep and maintenance. It’s important to know what other expenses you’ll have to pay on your new Portuguese home after the initial purchase is made (apart from the obvious ones like water, gas, and electricity bills).
In this video, Portugal Homes’ Co-Founder and CEO, David Poston, elaborates on the costs of buying a home in Portugal. There are some government costs, Legal fees and if you choose to live overseas, fiscal representation services that companies like Portugal Homes can provide.
The monthly cost of utilities in Portugal depends on how big your house is and how many people live there. For example, heating, electricity, and water for one person in a 45m2 studio can cost between €80 to €90 per month.
Utilities for two people in an 85m2 apartment can be between €120 and €130 per month.
Comparing these prices to the UK or Spain, the costs are much cheaper, enabling people to actually afford a better lifestyle in Portuguese cities than in other European cities.
Unfortunately, electricity bills in Portugal can be very high; according to Eurostat, a kWh costs €0.2246, which is 22% higher than in the UK, however, our advice is to use your off-peak time as much as possible for the washing machine, dishwasher and heaters in winter.
The cost of installing the metre is an average of €50. However, the price of water per cubic metre varies between cities.
For instance, in Santo Tirso, a small city in northern Portugal (see Portugal Map) the price of water is around €240 per 120 cubic metres of consumption. This doesn’t include the cost of sanitation and municipal solid waste.
See here the price of water in Lisbon.
For a couple, the average monthly cost of water can be about €30.
About Portugal Homes
PortugalHomes.com specializes in investments through Real Estate and Golden Visa. We help buyers find the right property overseas, whether it be for Golden Visa, NHR, Investment or simply a place in the sun. Our properties are selected with great thought in mind to give our clients the best opportunities. We offer the complete service from introducing them to the Legal Representatives, Currency Exchange, Mortgage Advisors, Property Management, Rental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario. Portugal Homes provides the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.
Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.
Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.
I am happy with the investment advisor, and follow up on the property issues. The problem is mainly the Developer, who is slow in responding and acting. The After Sales services, specifically the property reports can be improved further.Man Wai Ho
Extremely helpful and professional. A pleasure to meet you!Li Sze Ki and Man Chi Ning from Hong Kong
Thank you very much for your help. I'm glad to have chosen Portugal Homes as my property management agent.Investor from Hong Kong
Ryan is fantastic. Very helpful, nice and professional. He provides swift responses to me whenever I raise him a question.Rubby Lee from Hong Kong
Thank you. Lovely experience with all of the staff. George was very helpful, knowledgeable and had a good grasp of the financials. Will recommend Portugal Homes to friends. Also excellent experience with the After Sales - very helpful.Nadia Webb
Very knowledgeable and professional, able to provide clear advice that meets my need such that I can make decision quickly. Efficient and energetic team.Tang Wing Yun from Hong Kong