If you own property or land in Portugal, you will be liable to pay Property Tax, or 'IMI' (‘Imposto Municipal sobre Imóveis’) every year. Find out, where, when and how you can pay the IMI Tax, even if you are abroad.

What are the predictions for the 2023 housing market in Portugal? Is it better to rent or to buy? How are prices being affected due to rising interest rates, inflation, and the war in Ukraine? These are questions frequently asked by foreigners seeking guidance in unfamiliar territory.

Following the legislative change, regarding the obligation to appoint a fiscal representative of the non-resident and the situations of exemption from the said obligation, it is significant to make some clarifications.

Portugal has been recognised as the best place in the world to retire to in 2023 according to the Annual Global Retirement Index from International Living.

Portugal was the country of choice for US, French and Italian nationals looking to buy a retirement or second home in Europe in 2018. According to a study produced by ListGlobally, the largest online property platform in the world for house seekers, Portugal was the number one property investment destination for the French (34%), Americans (5.68%) and Italians (6.04%). In 2018 the intention to buy from overseas citizens was centred mainly around Faro (22%), Lisbon (11%) and Setúbal (8%). Théo Plantier, who focuses on the Portuguese market for ListGlobally states that “Portugal is a very attractive country because despite an across-the-board rise in house prices per square metre, it is still one of the cheapest countries in Europe to buy a house, representing 20% of all of house sales.