What's the most budget-friendly Portuguese city for a real estate purchase?
In the second quarter of 2025, Portugal offers a range of affordable housing options, with ten municipalities boasting average home prices of €650 per square metre or less. According to data from idealista, these areas provide a more budget-friendly alternative to the national average, predominantly situated in the country's interior and northern regions.
Here's a breakdown of the top 10 most affordable municipalities:
| Municipality | District | Price per m² (€) | |----------------------|---------------------|-------------------| | Penamacor | Castelo Branco | 464 | | Penacova | Coimbra | 488 | | Sabugal | Guarda | 488 | | Miranda do Corvo | Coimbra | 513 | | Pampilhosa da Serra | Coimbra | 513 | | Melgaço | Viana do Castelo | 524 | | Crato | Portalegre | 532 | | Vouzela | Viseu | 600 | | Gouveia | Guarda | 605 | | Santa Comba Dão | Viseu | 609 | | Idanha-a-Nova | Castelo Branco | 622 | | Fronteira | Portalegre | 643 | | Sever do Vouga | Aveiro | 648 | | Paredes de Coura | Viana do Castelo | 650 | | Mogadouro | Bragança | 650 |
Notably, Penacova, Sabugal, Miranda do Corvo, and Pampilhosa da Serra, all located in Coimbra and Guarda districts, have home prices averaging €488/m2, making them the second, third, fourth, and fifth cheapest municipalities, respectively.
Meanwhile, the five most exclusive locations to buy a house in Portugal are Lisbon, Cascais, Grãndola, Loulé, and Oeiras, with prices significantly higher than the municipalities listed above. Loulé has the fourth highest average price at €4,370/m2, followed by Oeiras at €4,276/m2, Grãndola at €4,654/m2, Cascais at €5,334/m2, and Lisbon as the most expensive at €5,769/m2.
The municipality of Chamusca, in Santarem, is the last in the ranking of the cheapest municipalities to buy a house in Portugal, with a price per square metre of €736 in the second quarter of 2025. Other affordable options include Alcanena in Santarém, Tábua in Coimbra, Seia in Guarda, Penela also in Coimbra, Nelas in Viseu, Arganil in Coimbra, Campo Maior in Portalegre, Montalegre in Vila Real, and Fundão in Castelo Branco, with prices ranging from €660/m2 to €730/m2.
[1] Source: idealista, Q2 2025 data.
Investing in real estate in Portugal's affordable housing market in the second quarter of 2025 offers attractive opportunities, particularly in Penacova, Sabugal, Miranda do Corvo, and Pampilhosa da Serra, which have average home prices of €488 per square metre. Conversely, the most expensive locations for real estate investments are in Lisbon, Cascais, Grãndola, Loulé, and Oeires, with prices ranging from €4,276 to €5,769 per square metre. Furthermore, Chamusca in Santarem is the last in the ranking of the cheapest municipalities, with a price per square metre of €736.
