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. This is reflected in demand: houses for sale costing up to 150,000 euros are the most sought-after in most of Portugal's district capitals. But the supply of houses up to this price doesn't keep up with the high demand in most cities. An example of this is Lisbon, Porto and Faro, where demand for houses up to 150,000 euros is high, but supply is less than 2%.
The idealista/data study leaves no room for doubt: looking at the housing supply in Portugal, it can be seen that houses for sale up to 150,000 euros are in high demand in 11 of the 20 district capitals analysed. In the other cities, demand for more affordable housing is average. This fulfils the axiom "The cheapest houses on the market are the most sought after".
But the offer of houses for sale up to 150,000 euros is not the most expressive in most of the country's cities. In 13 cities, less than one in five houses for sale is priced at up to 150,000 euros. It's in Lisbon, Porto, Faro and Funchal where there are the fewest cheap homes for sale (2% of the total stock or less), not least because the high demand here helps to absorb this supply quickly.
On the other hand, in the cities of Beja, Bragança, Castelo Branco, Guarda and Portalegre, the supply of homes up to 150,000 euros represents more than half of the total stock of homes for sale in the respective territories, the same data shows. Here the demand for more affordable homes is average, with the exception of Beja where it is high.
Search for houses for sale in Portugal by price range
| District capitals | Up to 150 thousand euros | 150.000 - 300.000 euros | 300.000 - 450.000 euros | 450.000 - 600.000 euros | 600.000 - 800.000 euros | 800.000 - 1.000.000 euros |
| Aveiro | High | Medium | Medium | Medium | Medium | Medium |
| Beja | High | Medium | Medium | - | - | - |
| Braga | Medium | Medium | Medium | Medium | Medium | Medium |
| Bragança | Medium | Medium | - | - | - | - |
| Castelo Branco | Medium | Medium | - | - | - | - |
| Coimbra | Medium | Medium | Medium | Medium | Medium | Medium |
| Évora | Medium | Medium | Medium | Medium | - | - |
| Faro | High | High | Medium | Medium | Medium | Medium |
| Funchal | High | Medium | Medium | Medium | Medium | Medium |
| Guarda | Medium | Low | Medium | - | - | - |
| Leiria | High | Medium | Medium | Medium | Medium | Medium |
| Lisbon | High | High | Medium | Medium | Medium | Medium |
| Ponta Delgada | High | Medium | Medium | Medium | Medium | - |
| Portalegre | Medium | Medium | Medium | - | - | - |
| Porto | High | Medium | Medium | Medium | Medium | Medium |
| Santarém | High | Medium | Medium | - | - | - |
| Setúbal | High | Medium | Medium | Medium | - | - |
| Viana do Castelo | Medium | Medium | Medium | Medium | Medium | - |
| Vila Real | High | Medium | Medium | - | - | - |
| Viseu | Medium | Medium | Medium | Medium | Medium | - |
Houses for sale: offer between 150,000 and 300,000 euros is significant in all cities
House prices will continue to rise in 2023 despite cooling demand. And this trend is justified by the short supply of housing, the lack of construction labour and the rise in the prices of materials and raw materials. That's why the most significant offers for houses to buy have "migrated" to higher price brackets.
The majority of houses for sale in 8 of Portugal's 20 largest cities are between 150,000 euros and 300,000 euros. This is the case in Braga, Coimbra, Évora, Leiria, Santarém, Viana do Castelo, Vila Real and Viseu. Aveiro, Beja, Castelo Branco, Ponta Delgada, Porto and Setúbal also have a significant supply in this price range (more than 35% and less than 50% of the total stock per city).
What stands out is that, unlike the cheapest houses to buy, in this price range (between 150,000 euros and 300,000 euros) the housing supply represents at least 15% of the total stock. And 16 of the 20 cities have at least a third of the homes for sale in this price range.
Demand for houses between 150,000 and 300,000 euros is mainly average, with the exception of Faro and Lisbon, where it is high. But in these cities, the supply of homes at these prices is also around 20% of the total, which is relatively low to meet current demand needs, the same data shows.
You have to look at the upper price bracket of houses (between 300,000 and 450,000) to find the most significant housing stock in Faro (46.7%), Funchal (39.5%) and Lisbon (29.5%), the same data reveals. In this price demand is average in all three cities.
As the price of houses for sale rises, stock is becoming scarce in most cities. But there are exceptions. As you might expect, the most expensive cities to live in nowadays have a greater range of luxury homes than the most affordable ones. This is the case in Faro, Funchal, Lisbon and Porto. In the capital, there are even 15 times more houses between 800,000 and 1 million euros on offer than houses up to 150,000 euros. Even in this higher price range, demand remains average.
Houses for sale in Portugal by price range
District Capitals | 2nd quarter of 2023
Methodology
To carry out this study, idealista/data considered the houses for sale on idealista by price range and disliked by district capitals. Specifically, the number of adverts measures the housing supply available on the portal for each city in the second quarter of 2023.
Based on the behaviour of idealista users, we calculated the indicator of demand pressure on supply. This indicator is based on the number of leads (contacts by email, saved in favourites, etc.) received for each idealista advertisement. Therefore, the number of leads shows the demand for housing in each city and in each price range.
This demand indicator is used to measure situations where the market is heating up or cooling down when relative demand is high or low, respectively. To find out the state of relative demand, the median number of leads for each city was calculated for the same period and the classification was made according to whether the result fell into one of the following categories:
- If demand is 1.5 points below the median for that city, demand is low;
- If it is between 1.5 points below and 1.5 points above the median, it is considered an average demand;
- If it's 1.5 points above the median, it's considered high demand.
Portugal leads house price rises in the EU in the first quarter of 2025
Year-on-year house prices increased by 5.4% in the euro area, 5.7% in the EU, and... 16.3% in Portugal, according to Eurostat.
Potential pitfalls of buying property in Portugal: a guide for foreign buyers
Dreaming of buying a property in Portugal and starting a new life under the sun? It should be an exciting experience, but for many expat buyers, the process can feel overwhelming and complicated. The legal system is different, the paperwork is in Portuguese, and the buying process differs greatly from your home country.
Cheap property in Portugal under €150K: best deals for 2025
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.
Portuguese Government launches new housing policy to tackle rising prices
Portugal’s Prime Minister has announced a fresh housing strategy aimed at bringing together all key players in the property sector to help resolve the country’s housing crisis and curb price increases.
Country homes for sale in Portugal: only 24% under €100,000
Country homes in Portugal stand out for their charm, character and use of traditional materials such as wood, stone and brick. Also known as rustic homes, they appeal to buyers looking for a quieter lifestyle or an affordable second home in the countryside. However, finding one can be a challenge—whether you're a family or an investor—as country homes made up only 6% of all listings on idealista in the first quarter of 2025. And of those, just 24% are priced below €100,000.
Renovated properties for sale in Portugal
Renovated homes in Portugal are in high demand, offering a blend of traditional charm and modern comfort. From restored townhouses and apartments in Lisbon to upgraded farmhouses and villas in the Algarve, these properties combine historic character with updated interiors and contemporary amenities.
Best places to live by the sea in Portugal: top coastal towns and cities
Dreaming of a life by the ocean? Portugal offers some of the best places to live by the sea, combining natural beauty, a relaxed lifestyle, and vibrant local culture. From charming coastal villages to lively beach towns, this sunny European gem has options for everyone—whether you're a retiree, a digital nomad, or a family looking for a fresh start. In this guide, we’ll explore the best beach towns to live in Portugal and highlight what makes each one unique.