Study shows that Portugal is a low-income country

A recent study reveals that Portugal has low income levels, with half of households earning up to 15,000 euros annually. Housing has become a critical issue over the past decade, with soaring property prices leading to increased tax revenue. In 2024, nearly 80% of municipal taxes were collected through IMI and IMT, with cities like Lisbon and Porto seeing these taxes account for over 25% of local revenues.