Which parts of Portugal offer the lowest property prices?

Which parts of Portugal offer the lowest property prices?

Top 10 Most and Least Expensive Municipalities to Buy a House in Portugal, 2025

In 2025, Portugal's housing market shows a significant concentration of high property prices in certain regions. The top 10 most expensive municipalities, ranked by price per square meter, are predominantly found in Lisbon, Faro, Porto, and Madeira Island.

1. Lisbon – With prices ranging from approximately €4,412 to €5,829 per square meter, Lisbon tops the list. Some sources cite prices over €5,800 per square meter, while others note around €4,400, possibly reflecting different neighborhoods or data collection methods.
2. Cascais (Lisbon District) – Close to Lisbon, Cascais follows with prices around €4,190 to €4,477 per square meter.
3. Oeiras (Lisbon District) – With prices about €3,643 to €3,983 per square meter, Oeiras is the third most expensive.
4. Porto – Prices in Porto vary but are steadily among the top, around €3,007 to €3,804 per square meter.
5. Funchal (Madeira Island) – Funchal, with prices approximately €3,100 to €3,679 per square meter, remains in the top tier for housing costs.

The Algarve region municipalities—Lagos, Loulé, Faro, Aljezur, and Albufeira—also feature prominently, frequently attracting higher prices due to tourism and luxury properties.

1. Lagos (Algarve) – €3,582 per square meter
2. Loulé (Algarve) – €3,401 per square meter
3. Faro (Algarve) – around €3,264 per square meter
4. Aljezur (Algarve) – €3,117 per square meter
5. Albufeira (Algarve) – €3,040 per square meter

Other municipalities like Vila do Bispo (Algarve) and Odivelas (near Lisbon) appear in some rankings but slightly below the top 10.

On the other end of the spectrum, the 10 cheapest municipalities to buy a house in Portugal are spread across six districts: Bragança, Guarda, Viseu, Castelo Branco, Coimbra, and Santarém.

1. Pampilhosa da Serra (Coimbra) – With a house median price of €251 per square meter, Pampilhosa da Serra is the least expensive.
2. Figueira de Castelo Rodrigo (Guarda) – The cheapest of all, Figueira de Castelo Rodrigo, where the median price of homes sold was just €190 per square meter.
3. Torre de Moncorvo, Vinhais, and Penamacor – These three municipalities are slightly above the 30,000-euro mark for buying a house.
4. A 100m2 home in Armamar (Viseu district) costs €226 per square meter.
5. Sernancelhe (Viseu) – Another municipality where a 100 m2 home can be purchased for less than €30,000.
6. Mação (Santarém) – Yet another municipality where a 100 m2 home can be purchased for less than €30,000.
7. Idanha-a-Nova (Castelo Branco) – Homes in this municipality can also be purchased for less than €30,000.
8. Porto – With a house median price of €3,007 per square meter, Porto is relatively affordable compared to the top 3 municipalities.

Overall, the Portuguese housing market in 2025 remains strongly driven by demand and limited supply in these regions, with sharp price increases noted especially in Lisbon and Cascais.

1. The Algarve region's municipality of Faro has property prices around €3,264 per square meter, signifying its popularity in Portugal's housing market in 2025.
2. In the housing-market landscape of Portugal, the municipality of Figueira de Castelo Rodrigo (Guarda District) offers real-estate investments at an affordable rate, with a median house price of just €190 per square meter.
3. For individuals considering financing property investments in Portugal, the regions of the Algarve, particularly cities like Lagos (€3,582 per square meter) and Loulé (€3,401 per square meter), offer opportunities in the luxury and tourism-driven housing-market sector.

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