Discover the 25 Cheapest Municipalities in Portugal for Buying a Home

Affordable Municipalities in Portugal

According to an analysis by idealista, the leading real estate marketplace in Portugal, Penamacor in the district of Castelo Branco ranks as the most affordable municipality to buy a home, with a median price of €417 per square meter. This makes it the cheapest area in the country for purchasing property.

The top five cheapest municipalities are:

1. Penamacor - €417/m²
2. Góis (Coimbra) - €437/m²
3. Sabugal (Guarda) - €441/m²
4. Penacova (Coimbra) - €467/m²
5. Nisa (Portalegre) - €467/m²

Additionally, properties can be found for under €550/m² in several other municipalities:

• Pinhel (Guarda) - €470/m²
• Mação (Santarém) - €500/m²
• Crato (Portalegre) - €505/m²
• Gavião (Portalegre) - €518/m²
• Vouzela (Viseu) - €531/m²

Continuing the list, the following municipalities feature prices between €555/m² and €610/m²:

• Idanha-a-Nova (Castelo Branco) - €555/m²
• Fronteira (Portalegre) - €557/m²
• Castro Daire (Viseu) - €570/m²
• Melgaço (Viana do Castelo) - €575/m²
• Alter do Chão (Portalegre) - €578/m²
• Proença-a-Nova (Castelo Branco) - €581/m²
• Miranda do Corvo (Coimbra) - €584/m²
• Gouveia (Guarda) - €587/m²
• Santa Comba Dão (Viseu) - €592/m²
• Seia (Guarda) - €596/m²
• Nelas (Viseu) - €598/m²
• Armamar (Viseu) - €602/m²
• Arganil (Coimbra) - €604/m²
• Moura (Beja) - €606/m²

At the bottom of the list is Alvaiázere in Leiria, where the price per square meter is €610.

The Most Expensive Municipalities

In contrast, the analysis also highlighted the five most expensive places to buy a home in Portugal. Lisbon tops the list with a staggering €5,633 per square meter, making it the priciest place in the country. Other exclusive locations include:

1. Cascais - €5,062/m²
2. Grândola - €4,500/m²
3. Loulé - €4,073/m²
4. Oeiras - €4,036/m²