Discover the Cheapest Places in Portugal to Buy Property

Explore 10 municipalities in Portugal where you can find a 100m2 house for less than €30,000. Start your property search today!

In 2023, the housing market in Portugal saw a steady increase in prices, with the median cost of a square meter reaching 1,611 euros. This represented a 2.0% rise from the previous quarter and an 8.6% increase compared to the same period in the previous year, according to data from the National Statistics Institute (INE).

The report by INE highlighted that 50 municipalities had median prices higher than the national average, with popular regions such as the Algarve, Greater Lisbon, the Setúbal Peninsula, and the Porto Metropolitan Area leading the way. However, the majority of the 300 municipalities analyzed had much lower house prices, offering more affordable options for potential buyers.

For those looking for the cheapest municipalities to buy a house, the interior of the country proved to be the most budget-friendly. In Mêda, located in the Guarda district, houses were available for a median cost of 156 euros per square meter in 2023. Similarly, Figueira de Castelo Rodrigo and Tabuaço also offered affordable housing options, with median prices of 185 euros/m2 and 226 euros/m2, respectively.

On the other end of the spectrum, urban centers such as Lisbon, Porto, and Faro boasted the highest housing prices in Portugal. Lisbon topped the list with a median price of 4,167 euros/m2, followed by Cascais at 3,976 euros/m2. The district of Faro also featured prominently in the ranking, with municipalities like Loulé, Lagos, and Vila do Bispo exceeding 3,150 euros/m2.

Overall, the housing market in Portugal showcased a diverse range of prices, catering to different budget preferences across various regions. Whether looking for a bargain in the countryside or a luxury property in a bustling city, there were options available for every buyer.

The housing market in Portugal in 2023 offered a mix of affordability and luxury, with prices varying significantly across different municipalities. As the real estate landscape continues to evolve, it is essential for buyers to carefully consider their options and make informed decisions based on their budget and preferences.