For a single person buying a home, Silves works out cheaper. A home in Silves costs €23,940 less.
You will
Household
Transport
60 m²
More adjustments
PortimãoSilves
Estimated home price · 60 m²€195,540Δ €23,940€171,600
On the day you buy
Down payment€19,554€17,160
Transfer tax (IMT)€3,286€2,089
Stamp duty · purchase€1,564€1,373
Stamp duty · loan€1,056€927
Total upfront€25,460€21,548
Monthly payment€677€594
Mortgage payments35 years at 3.00% · 90% financed
€8,127€7,132
€995less in Silves
Property tax (IMI)1VPT estimated at 50% of price
€362€257
€105less in Silves
Water, sewage and wasteOfficial tariffs · 4 m³/month
€258€191
€67less in Silves
ElectricityERSE regulated tariff · 1,469 kWh/year
€380€380
same in both
GasPortimão: network · Silves: bottle
€217€360
€143less in Portimão
Income tax refunded by the municipalityPortimão gives back 1.5%
no data for Silves
Total per yearItems with data for both
€9,344€8,320
€1,024less 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
+92%+87%
5 pointsrose more in Portimão
Crime rateRecorded crimes per 1 000 residents
37.4/100036.6/1000
0.8/1000better in Silves
Average commuteOne way to work or school
15 min17 min
2 minbetter in Portimão
Average salary (gross)Average monthly earnings, by place of work
€1,294/month€1,270/month
€24/monthbetter in Portimão
Median salary (gross)Half of workers earn less than this, by place of work
€1,075/month€1,080/month
€5/monthbetter in Silves
Purchasing power (Portugal = 100)Per-capita index
99.985.1
14.8better in Portimão
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
2.8 km11.8 km
9.0 kmbetter in Portimão
CrèchesPublic, non-profit (IPSS) and private crèches and childminders, children under 3 (above 100: more places than children)
