Real estate

The average gas, water, and electricity costs in Portugal range between €60 and €150 per month, depending on the rate and tenant number. Central heating is the most cost-effective way to keep the house warm, but it is unavailable everywhere. Owners regularly repair properties. The taxes are paid when buying, owning or selling real estate. Is it possible to delegate property maintenance to a management company? What advantages do foreigners get when buying investment real estate in Portugal? Find answers below.

Zlata Erlach

The average cost of residential real estate in Portugal is €1,500 per 1 m². In Lisbon, the Algarve and Madeira, villas and apartments are 30% more expensive. A mortgage is available for foreigners. Banks finance up to 80% of the property cost, and the average mortgage rate is 3.3%. Learn more about local residential property costs and how a real estate purchase can lead to a Portugal residence permit.

Zlata Erlach

Non-European Union citizens can buy property in Portugal without restrictions or special permits. Foreigners bought 3% of the apartments and houses sold annually, spending twice the national average. Investing in Portugal real estate is a way to get a residence permit.

Zlata Erlach