Looking for cheap property in Portugal under €150,000? Despite house prices at record highs, there are still great bargains available if you know where to look. From affordable apartments in quieter parts of the Algarve to budget-friendly homes on the outskirts of Lisbon and Porto, as well as charming rural properties, Portugal offers a variety of options for buyers on a budget.
Whether you want a coastal getaway or a peaceful rural home, don’t let these incredible deals slip away! Browse our updated selection of cheap property for sale in Portugal under €150,000 on idealista and make your dream of owning a home in the sun a reality this year.
- Cheap
- Expensive
- Small
- Big
- All provinces
- Beja
- Bragança
- Castelo Branco
- Coimbra
- Guarda
- Leiria
- Porto
- Santarém
- Viana do Castelo
- Vila Real
- Viseu
- Évora
Ribamar: brand new apartments by the sea in Praia da Rocha selling fast
A striking new development is reshaping the skyline of Praia da Rocha, Portimão. Ribamar, a 17-storey residential building with 116 apartments, has quickly become a sales success, having sold over 40 units since its launch in July, surpassing €18 million in total sales.
Portugal raises property transfer tax for non-resident buyers: what you need to know
On 25 September 2025, the Portuguese Prime Minister announced an increase in the Municipal Property Transfer Tax (IMT) for non-resident buyers, while Portuguese emigrants are exempt. The move is part of the government’s plan to make the housing market fairer and more equitable.
Modern new apartments with sea views in Sesimbra, Portugal
A new residential development in Sesimbra is redefining modern coastal living. Casalão offers 11 beautifully designed apartments, each featuring spacious living areas, generous bedrooms and suites, and private balconies or terraces – ideal for enjoying the stunning surroundings and the refreshing sea breeze.
Building a beach house in Portugal: costs, permits and what to expect
Have you ever dreamed of owning a beach house in Portugal? With over 900 km of coastline, golden beaches and more than 300 days of sunshine a year, it’s no surprise that many foreigners dream of living by the sea. But how much does it actually cost to build a house on the coast, and what do you need to know before starting the process?
Cheapest places to buy property in the Algarve in 2025
Latest idealista figures identify seven Algarve municipalities with average sale prices below €3,000 per square metre. These pockets of value across the Faro district offer a more accessible route into the region’s housing market, in comparison to places such as Lagos and Almancil, where property prices averaged 4,361 €/m² and 6,189 €/m² in August 2025, respectively.
Property below €700 per m²: Portugal’s cheapest places to buy in 2025
Portugal still hides pockets of real value away from the big‑ticket coasts. Across the country, there are municipalities where the average asking price is under €700 per square meter, with some edging close to €500. With Lisbon, Porto and much of the Algarve comfortably above €1,000 per m2, value clusters inland and in quieter districts where budgets stretch further.
Renovated properties for sale in Portugal
Renovated homes for sale in Portugal are in high demand, offering the perfect mix of traditional charm and modern living. From restored Lisbon apartments and townhouses to upgraded Algarve villas and farmhouses, these properties combine historic character with contemporary interiors and modern amenities.