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.
How these areas were selected
This list is built from idealista’s price evolution data, using a clear threshold: average asking prices under €700 per m2, plus one near‑miss at €703 flagged separately. Figures refer to the latest data from August 2025 and reflect advertised sale prices per square metre.
Only municipalities with sufficient samples on the price evolution pages are included. Notes on momentum use month‑on‑month and year‑on‑year changes, bearing in mind that smaller markets can swing with limited stock and that a single pricier parish may nudge an average.
Portugal’s value map at a glance
Affordable spots to buy property in Portugal cluster inland across the North and Centre, and through much of Alentejo, where smaller towns and rural municipalities keep averages low. By contrast, metro areas and coastal districts tend to sit higher on the ladder, with benchmark markets like Lisbon, Porto and Faro setting the tone for the top end of the market.
The 19 municipalities under €700 per m2
Portugal’s best sub‑€700 markets cluster inland, with the districts of Guarda, Castelo Branco and Coimbra standing out for depth of value. The cheapest municipality is Sabugal at €495 per m2, followed by Pampilhosa da Serra (€512) and Góis (€513). At the upper edge sit Alcanena and Mação (Santarém), just under €700, with Penela (Coimbra) a near‑miss at €705.
Municipality | Province | Average Property Price (€/m2) |
|---|---|---|
Guarda | 495 | |
Coimbra | 512 | |
Coimbra | 513 | |
Castelo Branco | 518 | |
Viana do Castelo | 536 | |
Viseu | 560 | |
Castelo Branco | 584 | |
Bragança | 603 | |
Guarda | 604 | |
Viseu | 610 | |
Guarda | 616 | |
Castelo Branco | 651 | |
Viseu | 661 | |
Guarda | 662 | |
Viseu | 676 | |
Viseu | 691 | |
Santarém | 694 | |
Santarém | 699 | |
Coimbra | 705 |
Spotlight picks
Sabugal, Guarda — €495 per m2
Cheapest on the list and set by the Spanish border, Sabugal is all about granite villages, rivers and wide‑open countryside. Expect stone houses and townhouse shells at renovation‑friendly prices, with day‑to‑day services in Sabugal town and bigger shops and healthcare in Guarda. It’s a longer drive for rail links, so it suits buyers who prize space and budget over fast commutes.
Alcanena, Santarém — €694 per m2
A near‑Lisbon outlier under €700, Alcanena sits by the A1 and the Serras de Aire e Candeeiros natural park. Stock trends towards 1970s–90s family houses and small blocks in town, with villages offering more outdoor space. It’s a sensible pick for keeping purchase costs down while staying within a realistic drive of the capital and the wider Ribatejo job market.
Mangualde, Viseu — €676 per m2
Well placed on the A25 and the Beira Alta rail corridor, Mangualde blends small‑town living with practical connections to Viseu and Guarda. The market mixes compact flats, townhouses and older properties on the edges that can be updated in stages. For buyers needing occasional travel links without paying city premiums, it’s a balanced option under the threshold.
Moving to Portugal — costs and practicalities
Budgeting sensibly means looking beyond the headline price and having a good idea of the real cost of buying property in Portugal before fully committing. The country's ten cheapest places to buy property in 2025 reveal that it is still possible to get on the property market in Portugal without breaking the bank. However, most foreigners searching for homes in Portugal this year tend to gravitate towards the island of Madeira and the Faro region - two of the most expensive areas to buy property in Portugal.
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