The dream of buying a house in Portugal is still very much possible in spite of inflation and rising costs. The difficulties in doing so have increased, houses are becoming more and more expensive and mortgage interest rates are rising. However, house prices are not uniform throughout Portugal and there are still some cheap prices to be found. These are the 25 cheapest places to buy a house in Portugal in 2022.
There are several municipalities that are home to cheap houses for sale in Portugal, as is the case of Penamacor, in the district of Castelo Branco. This village is the cheapest place to buy property in Portugal, where buying a house costs an average of 399 euros/m2, on average, in the second quarter of 2022. Next on the list is the municipality of Nisa, in Portalegre, which presents house prices of around 427 euros/m2. Figueira de Castelo Rodrigo, in Guarda, occupies the third place. Here buying a house costs 428 euros/m2.
Among the municipalities where buying property in Portugal costs less than 500 euros/m2 are:
- Crato, in Portalegre (431 euros/m2)
- Sabugal, in Guarda (442 euros/m2)
- Penacova, in Coimbra (448 euros/m2)
- Góis, in Coimbra (459 euros/m2)
- Gavião, in Portalegre (466 euros/m2)
- Tondela, in Viseu (480 euros/m2)
- Celorico da Beira, in Guarda (485 euros/m2)
- Fronteira, in Portalegre (486 euros/m2)
For less than 600 euros per m2, it is possible to buy a house in the municipalities of Arganil, in Coimbra (504 euros/m2), Sever do Vouga, in Aveiro (508 euros/m2), Carregal do Sal, in Viseu (513 euros/m2), Castro Daire, in Viseu (516 euros/m2), Vouzela, in Viseu (520 euros/m2), and Santa Comba Dão, in Viseu (521 euros/m2).
The ranking of the 25 cheapest municipalities in Portugal to buy a house continues with Proença-a-Nova, in Castelo Branco (527 euros/m2), Sousel, in Portalegre (529 euros/m2), Mação, in Santarém (532 euros/m2), Vidigueira, in Beja (532 euros/m2); Idanha-a-Nova, in Castelo Branco (533 euros/m2), Alcanena, in Santarém (534 euros/m2), and Alvaiázere, in Leiria (536 euros/m2).
In last place in the ranking is the municipality of Figueiró dos Vinhos, in Leiria, where buying a house cost 544 euros/m2, on average, in the second quarter of 2022.
| Town/Village | Price (euros/m2) | |
| 1 | Penamacor | 399 |
| 2 | Nisa | 427 |
| 3 | Figueira de Castelo Rodrigo | 428 |
| 4 | Crato | 431 |
| 5 | Sabugal | 442 |
| 6 | Penacova | 448 |
| 7 | Góis | 459 |
| 8 | Gavião | 466 |
| 9 | Tondela | 480 |
| 10 | Celorico da Beira | 485 |
| 11 | Fronteira | 486 |
| 12 | Arganil | 504 |
| 13 | Sever do Vouga | 508 |
| 14 | Carregal do Sal | 513 |
| 15 | Castro Daire | 516 |
| 16 | Vouzela | 520 |
| 17 | Santa Comba Dão | 521 |
| 18 | Proença-a-Nova | 527 |
| 19 | Sousel | 529 |
| 20 | Mação | 532 |
| 21 | Vidigueira | 532 |
| 22 | Idanha-a-Nova | 533 |
| 23 | Alcanena | 534 |
| 24 | Alvaiázere | 536 |
| 25 | Figueiró dos Vinhos | 544 |
The most expensive municipalities to buy property in Portugal
In a context of high inflation, which is crushing household budgets, it is also important to know which towns and villages are the most expensive to buy a house in Portugal.
According to the study carried out by idealista, these are the most exclusive places to buy property in Portugal:
- Lisbon is at the top of the list where the metre squared costs an average of 5,000 euros, being the most expensive municipality in the country.
- This is followed by Cascais (4,116 euros/m2), Grândola (3,824 euros/m2), Loulé (3,369 euros/m2), Oeiras (3,262euros/m2) and Lagos (3,220 euros/m2).
Note that to carry out this study, 250 of the 308 Portuguese municipalities were considered. The others were excluded because the sample was not representative in the period under analysis.
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