In the country of Portugal situated in the south western part of the continent of Europe, real estate has been emerging as a good market for monetary transactions and property transactions are on the rise. One of the reasons for this may also be attributed to the excellent quality of life and comfort which is provided by this European country and this has been proved time and again in various researches. Property owners in Portugal are often seen as investing in properties in order to earn extra income. This is by means of buying a property and leasing it out to others for stipulated time periods and earns in the form of rents from the tenants. In Portugal, in such cases the one who rents out a portion or the whole of the property is required to pay around 15% of the amount recovered as rental income from the tenants as rent. There are mainly two ways by which estate agents usually offer property rentals. These are through long term and short term rentals.

Long term rentals are significant as they are found in abundance in the big cities and include furnished flats and buildings or houses. The age and size of the property along with its location are the significant factors which play a role in deciding the amount of rent paid on a monthly basis. Service charges and charges fro electricity and vice versa are usually regarded as extras to be paid separately. On the contrary, short term rentals are popular during the holiday seasons for people who enjoy quick getaways. The rental rates are especially on a high during the summer season. However, during winters the rental rates are usually lower in the coastal areas. Payment is often made in terms of deposits and can be also written agreement in the form of a contract. Property insurance is also advised for all landowners.