For a single person buying a home, Silves works out cheaper. A home in Silves costs €37,800 less.
You will
Household
Transport
60 m²
More adjustments
AlbufeiraSilves
Estimated home price · 60 m²€209,400Δ €37,800€171,600
On the day you buy
Down payment€20,940€17,160
Transfer tax (IMT)€4,200€2,089
Stamp duty · purchase€1,675€1,373
Stamp duty · loan€1,131€927
Total upfront€27,946€21,548
Monthly payment€725€594
Mortgage payments35 years at 3.00% · 90% financed
€8,703€7,132
€1,571less in Silves
Property tax (IMI)1VPT estimated at 50% of price
€314€257
€57less in Silves
Water, sewage and wasteOfficial tariffs · 4 m³/month
€172€191
€19less in Albufeira
ElectricityERSE regulated tariff · 1,469 kWh/year
€380€380
same in both
GasNo network: butane bottles
€360€360
same in both
Income tax refunded by the municipalityAlbufeira gives back the 5%
no data for Silves
Total per yearItems with data for both
€9,930€8,320
€1,610less in Silves
1 Property tax estimated using a taxable value (VPT) of 50% of market price. Enter the VPT from your property record for an exact figure.
Average rate on new housing loans: 3.00% (August 2026, Banco de Portugal).
excluded from comparison (missing for the other municipality)
Source: Portal das Finanças, taxas de IMI por município · 2025 · Source: Portal das Finanças, participação dos municípios no IRS · 2026 · Source: INE · 2nd quarter of 2026 · Energy: ERSE, October 2026
Beyond the cost
Mortgage payment ÷ 1 × local median gross salary
67%55%
12%better in Silves
House price rise over 5 yearsMedian sale price (€/m²), over 5 years
+67%+87%
20 pointsrose more in Silves
Crime rateRecorded crimes per 1 000 residents
66.3/100036.6/1000
29.7/1000better in Silves
Average commuteOne way to work or school
15 min17 min
2 minbetter in Albufeira
Average salary (gross)Average monthly earnings, by place of work
€1,277/month€1,270/month
€7/monthbetter in Albufeira
Median salary (gross)Half of workers earn less than this, by place of work
€1,084/month€1,080/month
€4/monthbetter in Albufeira
Purchasing power (Portugal = 100)Per-capita index
104.185.1
19.0better in Albufeira
PharmaciesPer 1,000 people
0.10/10000.20/1000
0.10/1000better in Silves
Nearest emergency departmentAverage straight-line distance from where residents live to the nearest hospital emergency department
3.6 km11.8 km
8.2 kmbetter in Albufeira
CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)
