Buy a house in Portugal: which 10 municipalities are the cheapest?

In Portugal, the culture of property ownership is deeply rooted, which has led many families to strive for buying their own homes. However, high real estate prices in major cities located along the coast are forcing many people to move to the outskirts. Additionally, many choose to live in the interior of the country, seeking tranquility, greater interaction with nature, and more reasonable housing prices that align with their incomes. Currently, the most affordable municipalities for purchasing real estate are mainly located in the central part of the country, in regions such as Guarda, Viseu, and Castelo Branco.

According to statistics, properties sold in Portugal from October 2022 to September 2023 have an average price of around1579 eurosfor square meter, which is2.5%higher than in the previous year, which ended in June. However, only49from304The municipalities of the country show higher prices. The leading cities in terms of housing costs are Lisbon, Cascais, and Oeiras, according to data from the National Institute of Statistics (INE) published on February 6.

It's clear that the main part of...304municipalities (total308It demonstrates significantly lower housing prices. This indicates that high real estate prices in major urban areas, such as Lisbon, Porto, and Faro, contribute to rising prices nationwide.

Where can I buy inexpensive houses in Portugal?

People looking for more affordable housing options and willing to relocate may want to consider various municipalities in the central regions of the country. For example, Figueira de Castelo Rodrigo, located in the Guarda district, offers the lowest average property prices – just140 eurosper square meter. This means that you can purchase a house with an area of100 square metersfor14thousand euros.

• In second place is the municipality of Mêda (also in Guarda) with an average housing cost of163 eurosper square meter.
• In third place is Sernancelhe (Viseu district), where the price per square meter amounted to197 eurosover the last twelve months, ending in the third quarter of 2023.
• Thus, the house has an area of100 square metersIn Mede, you can purchase it for just16thousand euros, while in Serre Chevalier – for less than20thousand euros.
• At the bottom of the list of the ten cheapest places to buy property are Mogadouro in the Bragança district and Pampilhosa da Serra in the Coimbra district, where the average price reaches298 eurosper square meter. This allows potential buyers to purchase housing for30thousand euros in both municipalities.

Where is real estate more expensive?

As expected, housing prices in large cities are significantly higher, especially in Lisbon, Faro, and Porto. Currently, Lisbon has the highest rates recorded, with the average price being4151 eurosper square meter based on the results of the last year, which ended in September 2023. This implies that families, on average, spent about on housing in the capital.415thousand euros.

• Next in the ranking are Cascais and Oeiras, also part of the Lisbon district, with prices at3831 eurosfor square meter and3177 eurosper square meter, respectively.
• In the Faro district, six municipalities rank among the most expensive places to buy real estate: Loulé, Lagos, Vila do Bispo, Aljezur, Tavira, and Albufeira.
• Porto is in eighth place on this list, with an average property price of2798 eurosper square meter.