For a single person buying a home, Silves works out cheaper. A home in Silves costs €30,660 less.
You will
Household
Transport
60 m²
More adjustments
LagoaSilves
Estimated home price · 60 m²€202,260Δ €30,660€171,600
On the day you buy
Down payment€20,226€17,160
Transfer tax (IMT)€3,700€2,089
Stamp duty · purchase€1,618€1,373
Stamp duty · loan€1,092€927
Total upfront€26,637€21,548
Monthly payment€701€594
Mortgage payments35 years at 3.00% · 90% financed
€8,407€7,132
€1,275less in Silves
Property tax (IMI)1VPT estimated at 50% of price
€364€257
€107less in Silves
Water, sewage and wasteOfficial tariffs · 4 m³/month
€189€191
€2less in Lagoa
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 municipalityLagoa gives back 3%
no data for Silves
Total per yearItems with data for both
€9,699€8,320
€1,379less 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
63%55%
8%better in Silves
House price rise over 5 yearsMedian sale price (€/m²), over 5 years
+79%+87%
8 pointsrose more in Silves
Crime rateRecorded crimes per 1 000 residents
35.5/100036.6/1000
1.1/1000better in Lagoa
Average commuteOne way to work or school
14 min17 min
3 minbetter in Lagoa
Average salary (gross)Average monthly earnings, by place of work
€1,345/month€1,270/month
€75/monthbetter in Lagoa
Median salary (gross)Half of workers earn less than this, by place of work
€1,120/month€1,080/month
€40/monthbetter in Lagoa
Purchasing power (Portugal = 100)Per-capita index
88.585.1
3.4better in Lagoa
PharmaciesPer 1,000 people
0.30/10000.20/1000
0.10/1000better in Lagoa
Nearest emergency departmentAverage straight-line distance from where residents live to the nearest hospital emergency department
6.6 km11.8 km
5.2 kmbetter in Lagoa
CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)
