How Much is a House in Portugal? Here Are the Most & Least Expensive Cities


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The national average price of a 2,000-square-foot home in Portugal is $530,000, according to the latest My Dolce Casa real estate report. The average home price in Portugal has increased by about 6% in the past year, as the country has become one of the top homebuying destinations for Americans.

In comparison, the U.S. median home price is $420,800, according to the most recent St. Louis Fed data. 

Nice weather, welcoming culture, and a simple homebuying process are among the top reasons that Americans are choosing Portugal as their favorite country in Europe for moving abroad.

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The average price of a home in Portugal by region

House prices in Portugal can vary greatly from region to region. The metropolitan Lisbon area is the most expensive to purchase real estate in Portugal, followed by the Algarve region in the south. 

At the other end of the spectrum is Central Portugal, the most affordable region to buy a house in the Western European country.

Image Credit: Carvoeiro Algarve Portugal February 2015 by Bengt Nyman (CC BY).

Regional prices in Portugal

  1. Metropolitan Lisbon   $740,000
  2. Algarve   $676,000
  3. Madeira   $594,000
  4. Norte   $440,000
  5. Alentejo   $306,000
  6. Azores   $302,000
  7. Centro   $290,000

To calculate the average price of a house in Portugal, My Dolce Casa analyzed the latest published real estate prices, converted the price per square meter into the price per square foot, then multiplied this by 2,000 square feet, which is considered an average-sized house in the United States. Additionally, all prices were converted from euros into U.S. dollars.

Image Credit: Madeira by Mike McBey (CC BY).

The most expensive cities

Exploring different areas to buy a house in Portugal? The most desirable areas to live in Portugal require the highest budget and possibly a mortgage loan. The capital city of Lisbon is the most expensive place to buy a house in Portugal. Other expensive places to buy real estate in Portugal include: Porto, Lagos, and Albufeira. 

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Here are the top 10 most expensive cities to buy real estate in Portugal:

  1. Lisbon $1,132,000
  2. Loulé $814,000
  3. Lagos $780,000
  4. Porto $718,000
  5. Albufeira $682,000
  6. Funchal $656,000
  7. Tavira $630,000
  8. Matosinhos $610,000
  9. Faro $598,000
  10. Vila Real de Santo Antonio $584,000

Image Credit: Olga_Gavrilova/iStock.

The most affordable cities

Looking for the cheapest cities to own a house in Portugal? The most affordable homes, out of the 100 largest Portuguese cities, are in Moura in Alentejo, Fundao in the Center, and Vale de Cambra in the North. With an average price per square foot under $100, you can find an average sized home for anywhere between $130,000 to $200,000 in these places. 

Image Credit: Moura, Portugal by Vitor Oliveira (CC BY-SA).

Here are the top 10 cities with the cheapest real estate in Portugal:

  1. Fundão $132,000
  2. Guarda $162,000
  3. Elvas $162,000
  4. Abrantes $172,000
  5. Castelo Branco $172,000
  6. Estremoz $182,000
  7. Beja $186,000
  8. Mirandela $186,000
  9. Braganca $188,000
  10. Chaves $200,000

Image Credit: Castelo Branco – Portugal by Vitor Oliveira (CC BY-SA).

Here’s what it costs to buy a house in Portugal’s 30 largest cities:

Lisbon: 1,096,000

Porto: 704,000

Vila Nova de Gaia: 452,000

Amadora: 530,000

Braga: 358,000

Coimbra: 378,000

Funchal: 630,000

Setúbal: 472,000

Almada: 554,000

Sintra: 486,000

Gondomar: 334,000

Barreiro: 408,000

Aveiro: 490,000

Odivelas: 546,000

Guimarães: 306,000

Leiria: 272,000

Faro: 612,000

Matosinhos: 592,000

Loures: 536,000

Portimão: 516,000

Póvoa de Varzim: 410,000

Seixal: 464,000

Maia: 374,000

Évora: 410,000

Montijo: 432,000

Ponta Delgada: 362,000

Santa Maria da Feira: 258,000

Valongo: 320,000

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  • When using or citing this data, please give credit to My Dolce Casa by linking to this report
  • Portugal home price data source:, valid as of the date of this report
  • United States home price data source: St. Louis Federal Bank, valid as of the date of this report
  • Original prices published in euros per square meter
  • Euros converted to U.S. dollars at an exchange rate valid as of the date of this report
  • Square meters converted to square feet
  • The average price of a 2,000 square foot home was calculated by multiplying the price per square foot in USD by 2,000

This article originally appeared on MyDolceCasa and was syndicated by MediaFeed.

Image Credit: DaLiu/istockphoto.

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