Portugal Has 800,000 Declared Landlords: Rental Market Bigger Than Expected
Eight hundred thousand Portuguese landlords spotlight the true scale of the country’s rental sector.
📌 Key Highlights & Context
- The tax data shows 800,000 individuals declaring property income, forming the largest landlord cohort in Portugal.
- This accounts for about 13% of the 6.2 million IRS‑registered households.
- Surprisingly, 45% of households had no personal income tax liability in 2024.
Size of the Rental Market
A new study commissioned by the Fundação Francisco Manuel dos Santos, using data from the Portuguese Tax Authority, indicates that roughly 800,000 taxpayers declare income from property. That represents about 13% of the 6.2 million households covered by the IRS, underscoring a far‑reaching rental sector.
Tax System and Income Distribution
The report also highlights that in 2024, around 45% of the households listed in the IRS records had no personal income‑tax liability, revealing a sharp divide between low‑income families and high‑earning landlords.
These insights are crucial for local investors, expatriates and participants in the Golden Visa programme who need to gauge market dynamics and tax implications.