Affordable rents in Portugal: know the maximum limits by municipality

Affordable rents in Portugal: know the maximum limits by municipality

The Simplified Affordable Rental Regime (RSAA) establishes reference values that vary depending on the location of the properties. It is essential that owners and investors know the stipulated limits, to assess the tax benefits and define a rental strategy adjusted to the market.

Affordable rent: new benchmarks for landlords

The creation of maximum rent limits per municipality is important for owners or investors who, when considering putting a property on the market, should better understand the conditions associated with the affordable rental regime.

These figures, in turn, reflect the clear differences between the housing markets of the various regions of the country.

For owners, these values help to assess the fit of their properties. For investors, they are important for the analysis of profitability and in the comparison between different rental strategies.

What are the maximum income limits per municipality?

The reference values vary from municipality to municipality, taking into account the different realities of the housing market.

In areas such as Lisbon, Cascais, Oeiras and Porto, where the demand for housing is high, the analysis of the applicable limits is of particular importance for owners and investors.

The following table identifies some of the most relevant municipalities in the district of Lisbon for the analysis of the national real estate market.

Maximum rent by municipality — Lisbon District

Monthly base amounts, in euros, without increases. Source: Ordinance No. 454/2026/1.

What tax benefits are there for landlords?

The Simplified Affordable Lease Regime (RSAA) provides for the possibility of exemption from IRS or IRC on property income from contracts that meet the legally established requirements.

This new context can be an advantage for owners who want to make properties available for rent within the applicable limits.

It is essential that landlords assess, in addition to the amount of practicable rent, the charges associated with the property, the length of the contract and the expected net income.

In certain situations, the practice of a lower than market income may be compensated, in whole or in part, by the tax advantages available.

What is the impact for real estate investors?

For national and international investors, the difference between income limits by municipality is important and should be analyzed together with more impact factors, in order to assess whether this practice fits the financial and equity objectives of each investor.

Among the main factors to consider are:

• Location: dynamics of demand and characteristics of the housing market.
• Profitability: relationship between the investment made, the charges and the expected net return.
• Taxation: available benefits and respective conditions of application.
• Valuation: potential for evolution of the property and its surroundings.
• Management: costs and responsibilities associated with the maintenance and operation of the asset.

In a constantly evolving real estate market, a real estate strategy starts with a reasoned analysis, knowing the legal, tax and economic conditions is crucial for informed real estate management.

At Mulberry Real Estate, we support owners and investors through market research, profitability analysis, real estate consulting and rental management services.

Our approach combines market knowledge, strategic analysis and personalized monitoring, allowing us to evaluate each property according to its characteristics and the owner's goals.

Do you want to evaluate the rental potential of your property? Get in touch with our team.

Mulberry Real Estate. Vision, rigor and confidence.