10 cheapest places to buy property in Portugal in 2025
Looking to buy a house in Portugal without breaking the bank? If you’re thinking of relocating, investing, or simply finding a budget-friendly home in the Portuguese countryside, you’ll be glad to know that affordable property still exists – and not just in theory.
Municipalities near Lisbon continue to dominate housing demand in Portugal
Location remains one of the key factors to consider when searching for a home to buy in Portugal, alongside price.
Portugal property deals: the best discounts right now
If you’re thinking about making Portugal your new home, now could be the ideal moment.
Price of luxury homes rises globally with Lisbon leading the way
The global economic context continues to present challenges and uncertainties. However, the luxury real estate market remains resilient.
Buying a house in Greater Lisbon is 70% more expensive than the national average
The Lisbon region has increasingly attracted families to live, visit, and invest. This high demand has been reflected in house prices, as the housing supply has not kept pace with this growth.
North Americans drive up property prices in the Algarve
The Algarve has become more popular than ever: not only among visitors who are captivated by its beaches and warm, mild climate throughout the year but also among investors. The region's property market continues to feel the effects of this dynamic and is growing visibly.
Renting in Portugal: Lisbon ranks among the most profitable European capitals
House rents in Portugal continue to rise, at a faster pace than in other European markets. This makes residential rentals an attractive business for investment in our country.
The Algarve remains one of the most accessible markets for millionaires
The Algarve is the most accessible prime market in Europe for millionaires, closely followed by Bordeaux and Tuscany.
Access to housing concerns over 80% of Portuguese people
Concerns about house prices (whether for renting or buying) are reaching record levels in the wealthiest countries, surpassing other issues such as health or education.
House prices accelerate globally with a 6.5% increase in Portugal
House sales in Portugal (and Europe) fell throughout 2023, leading to a cooling in the rate of price increases. However, recent decreases in mortgage interest rates and gains in purchasing power due to slowing inflation are aiding the recovery of the housing market.
Portugal house prices on the rise but the country remains "attractive to foreigners"
House prices in Portugal continue to increase, having grown by 6.5% over the past year, 2.5% over the past six months, and 2.9% over the past three months, according to the Knight Frank Global House Price Index. Portugal also ranks 14th in the index, ahead of countries such as France, Germany, Switzerland, and the USA.
House prices fall 1.3% in Portugal – Lisbon and Porto included
The purchase of houses in Portugal has been cooling down, given the high costs of housing, along with high interest rates on loans and low purchasing power, which continue to be felt. And this cooling in demand for houses in the country has been reflected in prices. The National Statistics Institute (INE) reveals this Tuesday, April 23rd, that the set of homes sold in the final stretch of 2023 had a median cost of 1,619 euros per square meter (euros/m2), a value of 7, 9% higher compared to the same period last year. But compared to the previous quarter, house prices in Portugal fell 1.3%, a trend felt in 14 of the 24 most populous municipalities, Lisbon and Porto included.
House prices in Portugal “remain overvalued”, says Brussels
“Housing prices continued to increase significantly in Portugal, in contrast to most other EU countries”, warns the European Commission in a recent in-depth analysis report on the country's policies. Although growth has slowed, prices “remain overvalued”.
Shortage of properties in Portugal causes house prices to soar by 10%
Portugal continues to be an attractive country to live in, as well as invest in, despite the uncertain economic and political context. But the lack of homes for sale is a structural problem with no end in sight, as new home construction is not keeping up with demand in the country.
Buying a house in Portugal: 5 out of 6 cost more than 150,000 euros
In Portugal, households face the challenge of finding homes they can afford. This is especially difficult at a time when the cost of living has skyrocketed and the price of houses to buy keeps rising (albeit at a slower rate), without wages keeping pace.
The cheapest place to buy property in Portugal 2024
Moving to Portugal is an affordable option for expats looking to live abroad, compared to other countries in Europe. However, high house prices in the big urban centres and areas near the coast have pushed many to the outskirts when it comes to buying property.
"House prices must be adjusted to purchasing power"
Even in the current context of uncertainty, high interest rates on bank loans and rising living costs, there is still interest in buying a house in Portugal.
House prices in Portugal at risk of dropping due to falling demand
In an international context marked by geopolitical tensions in Ukraine and the Middle East, uncertainty over the duration of the European Central Bank's tightening of monetary policy and a deterioration in the economic outlook, "the likelihood of a price correction in the residential property market
Supply of houses for sale in Portugal up 11% in the last year
The house-buying business is changing in 2023. At a time when it is more difficult and more expensive to pay off a mortgage and purchasing power continues to be squeezed by inflation, the number of houses sold in Portugal is falling and prices are tending to stabilise in our country.
Houses in the best cities with sea views from 60 thousand euros
Portugal has an incredible coastline with the Atlantic Ocean as a backdrop, and there are several towns on the coast that have sea views to make you feel like you're on holiday all year round.
House prices in Portugal are expected to fall by 2.1% in 2024, says CaixaBank
The slowdown in the Portuguese property market "is proving to be less pronounced than expected, at least in terms of house prices", according to a study by CaixaBank Research, which has improved the country's growth forecasts for 2023.
Houses for sale up to 150,000 euros are the most sought after in Portugal
New trends are forming in the new economic context. With the pressure on purchasing power and rising interest rates on home loans, families are looking for cheaper homes to buy in order to borrow less from banks.
Luxury homes for sale: these are the 10 most expensive streets in Portugal
House prices in Portugal have been rising for several years. And there are streets in Portugal that concentrate more luxury homes for sale, thus standing out for their exclusivity. On the most expensive street of all, buying a house costs an average of 4,404,545 euros.
House price rises slow downing around the world in 2023 - up 11.4% in Portugal
House prices around the world are under pressure as central banks raise benchmark interest rates to try to curb inflation. But the truth is that house prices in 56 countries are rising at the slowest rate since 2015, as there is less pressure from demand on existing housing supply.
The 25 cheapest municipalities to buy a house in Portugal in 2023
Today, families are experiencing reduced purchasing power and access to housing is more difficult. In order to buy a house compatible with their income and pay a lower mortgage instalment, some people are thinking of moving to the interior of the country.