After buying a property these are the costs you can expect.

We give here an rough figure for a 3 bedroom villa that had a purchase price of 200.000 Eur.. Please note that the price is only relevant for the yearly property tax calculation.

* Please note that the costs above are just an example based on our knowledge, that will off course be different based on inumerous reasons such as: kind of usage, type of contracts, types of supply, & others. Heating costs were not considered.

Property Tax - IMI:

The property ownership tax for the given example would be somewhere around 590 Eur. per year.
In the event you are planning to turn into a permanent resident in Portugal then you achieve an tax isemption for up to 8 years.

Maintenance Costs:
These costs will vary on sizes, kind of maintenance, company costs & distances.

Swimming Pool: around 50 Eur./month

Garden: around 50 Eur./month

Others:

Internet broadband: 20 Eur./month

Telephone land line: 15 Eur./month - includes local calls package

Now that you have a rough figure of the associated running costs on a Property in Portugal we invite you read one of the following articles:

- Portugal Property Buying Steps

- Portugal Property Purchase Costs