Penamacor, located in the district of Castelo Branco, has been identified as the most affordable municipality in Portugal to purchase a house, based on the latest data from Idealista. Property owners in this municipality are asking a median price of 464 euros per square meter (euros/m2), marking the lowest cost per square meter in the country.
The list of the top five most affordable municipalities is completed with Penacova in the Coimbra district (488 euros/m2), Sabugal in Guarda (488 euros/m2), Miranda do Corvo in Coimbra (513 euros/m2), and Pampilhosa da Serra in Coimbra (513 euros/m2).
Municipalities with prices equal to or lower than 650 euros per square meter also include Melgaço in Viana do Castelo (524 euros/m2); Crato in Portalegre (532 euros/m2); Vouzela in Viseu (600 euros/m2); Gouveia in Guarda (605 euros/m2); Santa Comba Dão in Viseu (609 euros/m2); Idanha-a-Nova in Castelo Branco (622 euros/m2); Fronteira in Portalegre (643 euros/m2); Sever do Vouga in Aveiro (648 euros/m2); Paredes de Coura in Viana do Castelo (650 euros/m2), and Mogadouro in Bragança (650 euros/m2).
Continuing the list, there are Alcanena in Santarém (660 euros/m2); Tábua in Coimbra (675 euros/m2); Seia in Guarda (679 euros/m2); Penela in Coimbra (701 euros/m2); Nelas in Viseu (706 euros/m2); Arganil in Coimbra (712 euros/m2); Campo Maior in Portalegre (718 euros/m2); Montalegre in Vila Real (727 euros/m2), and Fundão in Castelo Branco (730 euros/m2).
At the bottom of the ranking, Chamusca in Santarém has the square meter priced at 736 euros.
And where is it most expensive to buy a house in Portugal?
The analysis further highlights the five most exclusive locations for purchasing a house in Portugal:
“Lisbon leads the list where the square meter costs 5,769 euros, being the most expensive in the country. This is followed by Cascais (5,334 euros/m2), Grândola (4,654 euros/m2), Loulé (4,370 euros/m2), and Oeiras (4,276 euros/m2).”
Where is it cheapest to rent?
Castelo Branco, Santa Maria da Feira, and Viseu top the list of the most affordable municipalities to rent a house in Portugal, as indicated by data also released this week by Idealista.
Among the 25 municipalities where renting a house is less expensive in Portugal, Castelo Branco ranks first, according to Idealista. Property owners in this area ask for a median price of 6.8 euros per square meter.
Notícias ao Minuto | 13:35 – 08/07/2025
In the list of the 25 most affordable municipalities for renting a house in Portugal, Castelo Branco ranks first. Here, property owners ask for a median price of 6.8 euros per square meter (euros/m2), noting the lowest cost per square meter in the country.
According to the real estate platform, the “ranking of the five cheapest municipalities is completed with Santa Maria da Feira (7.1 euros/m2), Viseu (8 euros/m2), Covilhã (8.1 euros/m2), and Barcelos (8.3 euros/m2).”
