For a single person buying a home, Penafiel works out cheaper. A home in Penafiel costs €11,100 less.
You will
Household
Transport
60 m²
More adjustments
ParedesPenafiel
Estimated home price · 60 m²€102,300Δ €11,100€91,200
On the day you buy
Down payment€10,230€9,120
Transfer tax (IMT)€0€0
Stamp duty · purchase€818€730
Stamp duty · loan€552€492
Total upfront€11,601€10,342
Monthly payment€354€316
Mortgage payments35 years at 3.00% · 90% financed
€4,252€3,791
€461less in Penafiel
Property tax (IMI)1VPT estimated at 50% of price
€153€137
€16less in Penafiel
Water, sewage and wasteOfficial tariffs · 4 m³/month
€320€287
€33less in Penafiel
ElectricityERSE regulated tariff · 1,469 kWh/year
€380€380
same in both
GasNatural gas, regulated tariff
€213€220
€7less in Paredes
Income tax refunded by the municipalityParedes keeps the 5%, Penafiel keeps the 5%
€0€0
same in both
Total per yearItems with data for both
€5,318€4,814
€504less in Penafiel
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).
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
34%29%
5%better in Penafiel
House price rise over 5 yearsMedian sale price (€/m²), over 5 years
+98%+80%
18 pointsrose more in Paredes
Crime rateRecorded crimes per 1 000 residents
26.2/100021.0/1000
5.2/1000better in Penafiel
Average commuteOne way to work or school
19 min22 min
3 minbetter in Paredes
Average salary (gross)Average monthly earnings, by place of work
€1,243/month€1,328/month
€85/monthbetter in Penafiel
Median salary (gross)Half of workers earn less than this, by place of work
€1,041/month€1,073/month
€32/monthbetter in Penafiel
Purchasing power (Portugal = 100)Per-capita index
79.980.8
0.9better in Penafiel
PharmaciesPer 1,000 people
0.20/10000.20/1000
same in both
Nearest emergency departmentAverage straight-line distance from where residents live to the nearest hospital emergency department
7.1 km6.1 km
1.0 kmbetter in Penafiel
CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)
