Discovering the most reasonably priced real estate acquisitions in Portugal?
Top 10 Most Expensive Municipalities to Buy a House in Portugal Revealed
Portugal's real estate market continues to evolve, with some areas offering affordable homes and others boasting premium coastal properties. According to data from the National Statistics Institute (INE) and a report by idealista, the 10 most expensive municipalities to buy a house in Portugal in 2025, based on price per square meter, are:
- Lisbon (€4,412–5,769/m² range depending on source)
- Cascais (around €4,190–4,477/m²)
- Oeiras (€3,643–3,983/m²)
- Lagos (€3,582/m²)
- Loulé (€3,401–approximate prices around €800,000 average house price)
- Aljezur (€3,117/m²)
- Funchal (Madeira Island) (€3,100–3,645/m²)
- Albufeira (€3,040/m²)
- Vila do Bispo (€3,017/m²)
- Porto (€3,007–3,792/m²)
These municipalities cluster mainly around Lisbon, the Algarve, Porto, and Madeira Island.
Lisbon and Cascais have the highest prices, with some areas in Lisbon reaching €5,769 per square meter. The Algarve region, known for its premium coastal real estate, has multiple entries such as Lagos, Loulé, Aljezur, Albufeira, and Vila do Bispo. Porto ranks in the top 10, highlighting its growing market.
Outside Lisbon and Faro districts, only two municipalities, Funchal (Madeira Island) and Porto, are in the top 10. In the cheaper end of the spectrum, it is possible to purchase a 100 m² home for less than €30,000 in Vimioso (Bragança), Idanha-a-Nova (Castelo Branco), Mação (Santarém), and Sernancelhe (Viseu).
The national median house price in Portugal is €1,845/m², a 21.9% increase compared to the same period last year. In 49 municipalities in Portugal, buyers paid less than €50,000 for a 100 m² home.
| Rank | Municipality | Approximate Price €/m² | Region | |-------|-----------------|------------------------------|----------------| | 1 | Lisbon | €4,400–5,769 | Lisbon | | 2 | Cascais | €4,190–4,477 | Lisbon | | 3 | Oeiras | €3,600–3,983 | Lisbon | | 4 | Lagos | ~€3,580 | Algarve | | 5 | Loulé | ~€3,400 (avg house €814,000) | Algarve | | 6 | Aljezur | ~€3,117 | Algarve | | 7 | Funchal | €3,100–3,645 | Madeira Island | | 8 | Albufeira | ~€3,040 | Algarve | | 9 | Vila do Bispo | €3,017 | Algarve | | 10 | Porto | €3,000–3,792 | Norte |
This ranking reflects the hottest and priciest housing markets across Portugal in 2025.
- The Algarve region, which includes municipalities like Lagos, Loulé, Aljezur, Albufeira, and Vila do Bispo, is known for its premium coastal real estate, making it one of the more expensive regions for housing market investments in Portugal.
- While Lisbon and Cascais have the highest prices among the top 10 most expensive municipalities, Porto is also worth considering as it remains a growing market and ranks in the top 10.
- To find more affordable properties in Portugal, one can consider municipalities outside the pricier regions like Lisbon, the Algarve, and Porto, such as Vimioso (Bragança), Idanha-a-Nova (Castelo Branco), Mação (Santarém), and Sernancelhe (Viseu), where it is possible to purchase a 100 m² home for less than €30,000.
