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).


Discover the Cheapest Places in Portugal to Buy Property

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.

Discover the Cheapest Places in Portugal to Buy Property

Support Ogusyis by making a contribution – no matter how small.


Enter your amount
£
Enter your amount
£
Enter your amount
£
Yourname
Email
Phone


US Real Estate Investors Still Focused on Portugal: A Safe Haven for Property Acquisition?

Discover why the US real estate investors are turning to Portugal as a secure and appealing destination for real estate investments.

Discover why the US real estate investors are turning to Portugal as a secure and appealing destination for real estate investments.

Read more

UK House Prices Still Unaffordable for Many Despite Rising Wages

High mortgage rates and soaring bills make UK house prices unattainable for many, despite wage increases above inflation.

High mortgage rates and soaring bills make UK house prices unattainable for many, despite wage increases above inflation.

Read more

Belgium's Real Estate Prices Surge, Straining Purchasing Power

Discover how rising real estate prices in Belgium are impacting purchasing power, as interest rates remain stagnant. Stay informed.

Discover how rising real estate prices in Belgium are impacting purchasing power, as interest rates remain stagnant. Stay informed.

Read more

Dutch Housing Market: 540 Tenants Challenge Rent Increase by CBRE and Nationale-Nederlanden

In a groundbreaking move, Dutch tenants take legal action to stop rent hikes, following recent court rulings against institutional investors. Stay updated with the latest developments.

In a groundbreaking move, Dutch tenants take legal action to stop rent hikes, following recent court rulings against institutional investors. Stay updated with the latest developments.

Read more

House Prices in Ireland Surge Amid Severe Property Shortage

Discover the latest Daft.ie House Price Report revealing a 3.8% increase in Q2 2024, with prices soaring by 35% since Covid-19.

Discover the latest Daft.ie House Price Report revealing a 3.8% increase in Q2 2024, with prices soaring by 35% since Covid-19.

Read more

UK Tax Rules on Second Homes: Can They Solve the Housing Crisis?

Owners of empty properties in England, Wales, and Scotland may face higher council tax rates, but experts are unsure if this will truly address the housing shortage.

Owners of empty properties in England, Wales, and Scotland may face higher council tax rates, but experts are unsure if this will truly address the housing shortage.

Read more

Portugal Real Estate Market: Sales Decline, Prices Up 7%

Stay up to date with the latest trends in Portugal real estate market with the today update on housing prices, showing a significant 7% increase since the beginning of the year. Explore the impact of decelerating prices on the market.

Stay up to date with the latest trends in Portugal real estate market with the today update on housing prices, showing a significant 7% increase since the beginning of the year. Explore the impact of decelerating prices on the market.

Read more

The US Housing Market Stuck: Sales Slow Despite Lower Interest Rates

Despite dropping mortgage rates, the US housing market remains stagnant with no immediate signs of improvement. Experts predict recovery may not happen until 2026.

Despite dropping mortgage rates, the US housing market remains stagnant with no immediate signs of improvement. Experts predict recovery may not happen until 2026.

Read more

Idealista, Leading Spanish Real Estate Portal, Acquired by British Fund Cinven

Discover the €2.9 billion acquisition of Idealista, the top real estate site in Spain, Italy, and Portugal, by British fund Cinven.

Discover the €2.9 billion acquisition of Idealista, the top real estate site in Spain, Italy, and Portugal, by British fund Cinven.

Read more

Copyright © Ogusyis. All rights reserved. The Content may not be copied, distributed,  republished, uploaded, posted or transmitted in any way without the prior written consent of Ogusyis.