What are the running costs of a house in Portugal?

What are the running costs of a house in Portugal?
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Published: 1st August 2018, 6:33pm

Read the updated article on What taxes and costs do I have to pay after purchasing a property in Portugal?

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 price 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).

Property tax

  • IMI Municipal Property Tax (Imposto Municipal Sobre Imóveis): This is a tax on homeowners in Portugal, but you don’t have to pay if it’s your main residence or if you rent it out on a long-term or permanent basis of at least 10 years. If you have to pay, you’ll receive a letter from the tax authority between January and April, as the tax is to be paid in two parts in April and September. If you don’t get anything, you may want to ask the tax office. It is calculated based on the value of the property, taking into account the market value, the location and the type of property. There are three categories:
    • Urban buildings (prédios urbanos): 0.7% - 1.3% of the fiscal value for town- or city-based homes.
    • Country buildings (prédios rusticos): 0.8% of the fiscal value for buildings in agricultural use or unbuilt land in the outskirts of cities.
    • Mixed buildings (prédios mistos): When used as a mixture of both these uses, it’s tax category falls in the middle.
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    • Other expenses
  • Home insurance: Just as with any other house, it’s a good idea to have home and contents insurance on your Portuguese property. In Portugal, the standard rate charged by insurance providers is from 180 to 380 euro a year, but that obviously varies with property type, location and value.
  • Home administrator: If all this red tape seems like too much work for you, especially in Portuguese, another option is to just hire a property manager to do the paperwork and organize the payments for you. These kinds of services cost about 100 to 150 euro per year, and allow you to sit back and relax in your home in the sun and not worry about the running costs!

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19th January 2018
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Comprar uma propriedade em Portugall

A Portugal Homes possui profissionais muito experientes e conhecedores, que trabalham com alguns dos promotores mais reconhecidos em Portugal . A nossa vasta experiência permite-nos guiá-lo pelas melhores opções de investimento.

Seja casa de férias ou uma propriedade para investimento, selecionamos as melhores propriedades para o seu perfil e tratamos de todo o processo do início ao fim. Mesmo após a venda! Os nossos serviços de pós-venda assumem a responsabilidade de mobilar a seu gosto, manter a propriedade na sua ausência, dar apoio ao arrendamento, no caso de querer arrendar e muito mais!

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Thanks to Andreia Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!

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Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.

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A experiência geral foi ótima desde o acompanhamento até o pós-venda. Gostaria de agradecer especialmente ao Sr. Simon, à Sra. Francisca e à Sra. Mariana.

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