Portugal Real Estate Investment FAQ

Question 1

What is the average property price in Covilhã?

Accepted Answer

The average price for a 2-bedroom apartment in Covilhã is €1,750/m², roughly €140,000 for an 80m² flat. Average monthly rents are €624/month, making it a budget investment market in Castelo Branco.

Question 2

Is Covilhã a good place to invest in real estate?

Accepted Answer

Covilhã is classified as a budget investment market in Portugal. Property prices have grown approximately 3.0% annually. Foreign buyers benefit from transparent legal processes, the IFICI tax incentive (for qualifying professionals — replaced NHR in January 2024; pensions excluded), strong rental demand in Covilhã, and access to the Portuguese Golden Visa via investment funds (€500K) or cultural donation (€250K) — separate from property purchase since the real-estate route closed in October 2023.

Question 3

What rental yield can I expect in Covilhã?

Accepted Answer

Investors in Covilhã can typically expect a rental yield of around 5.0% for a 2-bedroom property. Average monthly rents stand at €624/month.

Question 4

How can a foreigner buy property in Covilhã?

Accepted Answer

Foreign buyers can purchase property in Covilhã without restrictions. The process includes: obtaining a Portuguese NIF (tax number), opening a local bank account, engaging a licensed lawyer, signing the promissory contract (CPCV), and completing the deed (escritura) at a notary. Total additional costs (IMT, stamp duty, legal fees) typically range from 8–12% of the purchase price.

Covilhã Real Estate Guide 2026

Overview

Property Prices

Rental Yields

Market Outlook

Housing Stock

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