The median price of houses in Portugal rose again at the end of 2020 to 1,168 euros per m2, a figure that represents a reduction compared to the previous quarter (-1.6%) but an increase compared to the same period in 2019 (+7.6%). This period in Portugal was marked by the continuation of the COVID-19 pandemic. According to houses prices in Portugal at the end of 2020, what are the 10 cheapest (and most expensive) municipalities to buy a house in Portugal at the beginning of 2021? Lisbon continues to be the queen of high prices and it is in Figueira de Castelo Rodrigo (Guarda) that it is the cheapest place in Portugal to buy property.
In Lisbon, where house prices are already starting to slow down, the average price of houses continues to cross the 3,300 euros/m2 barrier: the parish of Santo António, which includes Avenida da Liberdade and adjacent areas, is the most expensive in the country (5,540 euros/m2). However, it is important to note that there are many discrepancies at national level, with several towns where buying a house costs less than 200 euros/m2.
Below is a list of the 10 cheapest and also most expensive municipalities to buy propety in Portugal.
Top 10 cheapest municipalities in Portugal
| Municipality | Median price |
| Figueira de Castelo Rodrigo | 161 €/m2 |
| Aguiar da Beira | 181 €/m2 |
| Mêda | 184 €/m2 |
| Freixo de Espada à Cinta | 192 €/m2 |
| Penamacor | 212 €/m2 |
| Penalva do Castelo | 223 €/m2 |
| Gavião | 236 €/m2 |
| Carrazeda de Ansiães | 239 €/m2 |
| Barrancos | 245 €/m2 |
| Mação | 248 €/m2 |
Top 10 most expensive municipalities in Portugal
| Municipality | Median price |
| Lisbon | 3,375 €/m2 |
| Cascais | 2,747 €/m2 |
| Oeiras | 2,312 €/m2 |
| Loulé | 2,226 €/m2 |
| Lagos | 2,018 €/m2 |
| Porto | 2,016 €/m2 |
| Odivelas | 1,958 €/m2 |
| Albufeira | 1,951 €/m2 |
| Tavira | 1,924 €/m2 |
| Faro | 1,758 €/m2 |
- Find out how to find cheap property for sale in Portugal in 2021
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