Looking for a budget-friendly house in Portugal? Discover hidden gems in rural areas where you can buy a home for under €30,000.
Affordable Housing Market in Portugal
The national median house price is influenced by expensive urban areas, but in 250 out of 303 municipalities, it's possible to buy a 100 m² home for less than €170,000. In some locations, prices go even lower, making homeownership a reality for budget-conscious buyers.
Top 10 Cheapest Places to Buy a House in Portugal
Municipality | District | Price per m² (€) | Price for 100 m² (€) |
Pampilhosa da Serra | Coimbra | 220 | 22,000 |
Mação | Santarém | 243 | 24,300 |
Vimioso | Bragança | 250 | 25,000 |
Figueira de Castelo Rodrigo | Guarda | 250 | 25,000 |
Penamacor | Castelo Branco | 266 | 26,600 |
Nisa | Portalegre | 275 | 27,500 |
Oleiros | Castelo Branco | 279 | 27,900 |
Idanha-a-Nova | Castelo Branco | 281 | 28,100 |
Fornos de Algodres | Guarda | 295 | 29,500 |
Santa Cruz da Graciosa | Azores | 298 | 29,800 |
These municipalities, mainly located in inland Portugal, offer the most affordable housing options, making them attractive for those looking to buy a house on a budget.
Most Expensive Areas in Portugal
By contrast, Portugal’s most expensive housing markets are concentrated in major cities and coastal regions. The top 10 most expensive municipalities all have median house prices above €2,750/m², making a 100 m² home cost at least €275,000.
Municipality | District | Price per m² (€) | Price for 100 m² (€) |
Lisbon | Lisbon | 4,252 | 425,200 |
Cascais | Lisbon | 4,023 | 402,300 |
Lagos | Faro | 3,389 | 338,900 |
Oeiras | Lisbon | 3,370 | 337,000 |
Loulé | Faro | 3,360 | 336,000 |
Albufeira | Faro | 3,200 | 320,000 |
Porto | Porto | 2,940 | 294,000 |
Lagoa | Faro | 2,910 | 291,000 |
Tavira | Faro | 2,800 | 280,000 |
Portimão | Faro | 2,750 | 275,000 |
Where to Find Affordable Homes in Portugal
If you're looking for a house in Portugal under €30,000, consider rural areas and small inland towns where prices remain low. Some key tips for finding a bargain include:
Exploring lesser-known regions like Coimbra, Guarda, and Castelo Branco.
Looking for renovation projects that may require investment but offer long-term value.
Checking online property listings and local real estate agents specializing in low-cost housing.
Final Thoughts
While major cities like Lisbon and Porto have skyrocketing property prices, there are still plenty of affordable opportunities for buying a house in Portugal. Whether you're looking for a permanent home or an investment property, rural Portugal offers some of the best value for money.
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