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. According to recent data from the National Statistics Institute (INE), there are several municipalities where you can purchase a 100-square-metre home for €32,000 or less.
These bargain areas are mainly located in the quieter interior regions of Portugal, far from the high prices of Lisbon, Porto and the Algarve – where similar properties can easily cost over €300,000. If you’re open to rural living or looking for a peaceful escape, here’s where to start your search. These are the 10 cheapest places to buy property in Portugal in 2025.
Why property prices vary so much across Portugal
While Portugal’s national average house price reached €1,845/m² in the 12 months to March 2025 — a year-on-year increase of nearly 22% — that average hides major regional differences.
In 49 municipalities, homes were sold for under €500 per square metre, with many priced dramatically lower. These are typically inland, rural areas where demand is lower, but where the cost of living and lifestyle pace can be very attractive for certain buyers, including retirees, remote workers and those seeking a quieter way of life.
Top 10 cheapest places to buy property in Portugal
Below is a breakdown of the most affordable places to buy property in Portugal, based on average sales prices between April 2024 and March 2025:
| Municipality | District | Average Price per m² | Approx. Price (100 m²) |
|---|---|---|---|
| Figueira de Castelo Rodrigo | Guarda | €190 | €19,000 |
| Armamar | Viseu | €226 | €22,600 |
| Pampilhosa da Serra | Coimbra | €251 | €25,100 |
| Vimioso | Bragança | < €300 (est.) | < €30,000 |
| Idanha-a-Nova | Castelo Branco | < €300 (est.) | < €30,000 |
| Mação | Santarém | < €300 (est.) | < €30,000 |
| Sernancelhe | Viseu | < €300 (est.) | < €30,000 |
| Torre de Moncorvo | Bragança | €300–€320 (est.) | ~€30,000–€32,000 |
| Vinhais | Bragança | €300–€320 (est.) | ~€30,000–€32,000 |
| Penamacor | Castelo Branco | €300–€320 (est.) | ~€30,000–€32,000 |
These 10 municipalities are located in six inland districts: Bragança, Guarda, Viseu, Castelo Branco, Coimbra, and Santarém — areas often overlooked by international buyers, but offering exceptional value and a slower, more traditional Portuguese lifestyle.
Where are the most expensive places to buy property in Portugal?
At the opposite end of the market, the 10 most expensive places to buy a home are found in just four key regions: Lisbon, Faro (Algarve), Porto, and Madeira.
| Municipality | District / Region | Average Price per m² | Approx. Price (100 m²) |
|---|---|---|---|
| Lisbon | Lisbon | €4,412 | €441,200 |
| Cascais | Lisbon | €4,190 | €419,000 |
| Oeiras | Lisbon | €3,643 | €364,300 |
| Funchal | Madeira | €3,100 | €310,000 |
| Porto | Porto | €3,007 | €300,700 |
| Lagos | Faro (Algarve) | €3,000+ (est.) | €300,000+ |
| Loulé | Faro (Algarve) | €3,000+ (est.) | €300,000+ |
| Aljezur | Faro (Algarve) | €3,000+ (est.) | €300,000+ |
| Albufeira | Faro (Algarve) | €3,000+ (est.) | €300,000+ |
| Vila do Bispo | Faro (Algarve) | €3,000+ (est.) | €300,000+ |
These hotspots offer access to beaches, major infrastructure, international schools and airports, which partly explains the premium. They’re ideal for those who want a vibrant lifestyle, luxury amenities, and strong resale potential — but they come at a cost.
Thinking of buying property in Portugal?
Whether you're looking for an affordable second home, a remote work base, or a place to retire in the sun, Portugal has options for every budget. If you're open to exploring the lesser-known parts of the country, these cheap municipalities could offer exactly what you’re looking for – peace, space, and a slice of authentic Portuguese life, at a price that’s hard to beat.