Updated: April 2, 2024


Portugal is one of the best and easiest places to purchase real estate in Europe. Firstly, there are no restrictions on foreigners looking to buy a home here and, secondly, while property prices have been increasing in recent years, Portugal remains very affordable compared with other Western European countries. It may surprise you, but it is possible to find cheap Portugal property under 50k. Keep reading, and we’ll give you a great overview of cheap houses for sale in Portugal under 50,000.

It’s no secret that Portugal is one of the most affordable countries in Europe. The country’s diverse landscapes cater to a range of requirements. This, along with Portugal’s excellent quality of life, breathtaking views, and welcoming locals, has attracted expats and investors from all over the world.

Houses for Sale in Portugal under €50,000

In a report by Jornal de Notícias that cited data from the Ministry of Finance, about 51.8 percent of registered homes across the country are valued under €50,000. The majority of these homes are reportedly located in interior areas, such as the municipalities of Alcoutim, Corvo, and Mértola.

It’s important to note that these properties are generally in good condition, although some may require some renovation. It is quite rare to find a new property under €50,000. The main reason why these houses are cheaper is the simple fact that the interior areas of Portugal are less sought-after. Also, make sure you are aware if you can build on the land, as many land plots in some regions of Portugal do not allow for construction. This is due to construction restrictions enforced by municipalities in some regions, and, as such, it is important to check with the Plano Diretor Municipal (PDM) before purchasing land.

This is great news if you’re looking for an investment property in a more affordable price range. You can find a fixer-upper to turn it into your dream home or take advantage of the interest in Portuguese real estate and earn rental income by renting it out to holidaymakers. You could even attract digital nomads, such as a freelance writer looking to be inspired by Portugal’s beautiful scenery or a remote worker interested in learning about the country’s rich history.

Where can I find cheap houses for sale in Portugal for under €50,000?

frames-for-your-heart-mR1CIDduGLc-unsplashProperty is more affordable in the interior areas of Portugal, and many of these cheap houses are big and spacious.

If you’re looking for cheap houses for sale near beautiful beaches, the Silver Coast is an affordable option. Other areas to consider include Central Portugal, the Alentejo, Northern Portugal, Madeira, and the Azores. If you’re looking for cheaper houses for sale in Lisbon, you will find more affordable options towards the outskirts of the city.

Check out this article on Where to Buy Property in Lisbon for more information.

There are many ways to find cheap property in Portugal under 50K, and you’ll find affordable homes in Portugal across the country, from north to south. Research potential properties and areas on real estate online platforms to get an overview of the Portugal real estate market, such as prices, types of properties, and what’s on offer. After you have an understanding of the market, we recommend seeking expert assistance, for example, from a real estate agent or a buyer’s agent, to narrow down properties that match your requirements. Buyer’s agents have access to exclusive properties that are not advertised on the market and can ensure you get the best price possible for your purchase.

A key difference between a real estate agent and a buyer’s agent in Portugal is that real estate agents work on behalf of the seller and will get a higher commission for a higher sale. Buyer’s agents, on the other hand, work solely on behalf of the buyer, ensuring they get the best price possible and have their best interests met.

Contact the team to access complete information on the property market in Portugal and find out just how much you can save on your international investment
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What kind of homes are for sale in Portugal under 50K?

There are a variety of different property types under 50K for sale in Portugal. Below is a list of some of the most common terms you will come across during your search:

  • Casa or moradia: A detached home, some of which have a backyard or patio; most have a boundary wall with a front gate
  • Casa geminada: A semi-detached house
  • Condomínios or condos: Individual apartment units with common spaces.
  • Quintas: Rustic houses or farms, usually located inland but can sometimes be found in suburban areas
  • Terreno: Land (registered with the city hall for residential purposes) that can be bought to build a home

Properties in Portugal Under 50kWhatever property type you are after, whether it is rustic land to build on or a farm for sale, you will likely find properties matching your criteria in Portugal. There are many cottages for sale under 50k in Portugal that, after some work, could prove to be the perfect home.

If you are interested in buying property in Portugal, we are here to help. As a local buyer’s agent, we can assist you with your buy, providing a tailored service focused on your needs, whether you are looking for a fabulous country home, a rehabilitation project, or a luxury villa with ocean views. We know that no two clients are the same and will go above and beyond to ensure your needs are met – get in touch with us today.

Check out this article from our sister company, Global Citizen Solutions, for a more detailed understanding of Property for Sale in Portugal. Global Citizen Solutions is a boutique investment migration consultancy firm focused on finding the right residency or citizenship by investment program for you. If you are looking to secure residency in Portugal, book a complimentary call with them to discuss your options. There is a wide range of residency options on the table, including the D7 Visa, DIgial Nomad Visa, and Golden Visa. After five years of legal residency in Portugal, you can apply for a permanent residence card or Portuguese citizenship, provided you meet the requirements under Portuguese nationality law.

Key considerations

When taking advantage of the affordable properties to be found in Portugal, there are some things to consider. If you’re investing in a fixer-upper, make sure that you are aware of any structural damage you may need to address. It can be worth enlisting the services of a Portuguese surveyor who can ensure that there are no structural issues to the interior or exterior. Check whether the property has road access to facilitate the movement of any builders and construction workers. If you intend to rent the property out, make sure it is in the perfect spot that caters to your tenants’ needs.

Cheap Rural Property for Sale in Portugal

Almost all of the cheaper properties for sale in Portugal will be in more rural, interior parts of the country.

Note: This is not to say that you will not find some bargain property for sale in Portugal in more in-demand areas, but the most affordable areas are in the lesser-known parts of the country. If you look carefully, you should be able to find property in a country region locality close to a charming city. For example, the countryside around Coimbra or Évora has quite affordable properties.

Below we highlight some of the key locations to find affordable real estate in rural areas:

Northern Portugal

douro portugal farmsThe north of Portugal is relatively unexplored, and you’ll stumble upon some absolute gems. You also have the Peneda-Gerês National Park and the Douro River on your doorstep so for nature lovers, you could not be better situated.

Bragança: Remote and tranquil, this district offers affordable properties amidst lush greenery and historic towns. Bragança also fully embraces local traditions and festivals, so you will be able to enjoy an authentic Portuguese experience.

Vila Real: Surrounded by vineyards and rolling hills, this district presents affordable housing options in charming rural communities. You are located in the very center of the north of Portugal, making it easy to get around the region.

The Alentejo

portugal alentejoThe Alentejo, lovingly referred to as the breadbasket of Portugal, given that the region provides the backbone to the country’s food produce and one of the key locations where Portugeuse locals head to on vacation, the Alentejo is a top location to find affordable real estate.

Évora District: Rich in history and culture, this district offers affordable properties in traditional villages surrounded by olive groves and cork forests. The city of Évora itself is one of the most charming in Portugal, with the famous Roman Temple of Diana a must-visit if you are passing through.

Beja District: With vast hilly plains and a slower pace of life, Beja offers up a relaxed pace of life, incredible produce, and some peace and quiet. You will find several property types here at surprisingly affordable rates.

Central Portugal

coimbra portugalAs with the North of Portugal, Central Portugal is often overlooked in favor of Lisbon, Porto, and the Algarve. However, you will find several hidden gems here.

Coimbra District: Known for its university town and historical architecture, around Coimbra, you’ll find several properties at affordable rates, nested in the countryside, with the Modego River close by.

Guarda: With the Serra da Estrela natural park closeby, where you’ll find Torre, the highest mountain in mainland Portugal (Pico, on the Azores, is higher), Guarda offers picturesque villages and countryside landscapes where the local way of life permeates through and locals can be seen enjoying a game of cards with their morning coffee. A little further south, you’ll also find reasonably priced properties at Castelo Branco, another city with affordable properties.

Other Locations

madeira portugalWhile we have delved into some of the most affordable regions in the country, if you are interested in the Algarve, Alcoutim, and Aljezur are also top locations to find cheap houses in the sundrenched south of the country.

And, if you are interested in island living, the autonomous islands of Madeira and the Azores should provide properties matching your budget, with a range of property types and price ranges available. Nestled in the Atlantic, these islands, although each very unique in their own way, are well-known for their high quality of life, relaxed pace of life, stunning land formations, and incredible cuisines.

When buying property, ensure you have all the amenities you want close by. For example, where is the closest hospital, school, or restaurant? Do you want to have a swimming pool, storage room, garden, or private parking? Consider what is essential for you to have and what would be a nice addition.

When buying property in any country, you will need to have clarity on the financing options, taxes and fees, and the legal regulations in the country. In this section, we’ll delve into the legal aspects of the buy and provide you with insights on financing options for foreigners, in addition to the taxes that you should be aware of.

GC-ICON-87Financing your property

Many banks offer mortgages to foreigners in Portugal, with many different types to choose from. Terms can vary, so it’s essential to explore different options to find the most suitable financing arrangement for your circumstances. You can find out more about how to finance your property in our article: Mortgage in Portugal: Your Guide to Buying Property for Expats.

GC-ICON-105Legal requirements

The process of buying a property in Portugal involves signing a Promissory Contract and conducting due diligence on the property’s legal status, including verifying ownership and determining if there are any existing debts or encumbrances attached to the property. The final step is signing the Escritura (deed) before a Notary. We highly recommend working with an experienced Portugal real estate lawyer who will ensure that the due diligence checks are carried out correctly and the process runs smoothly, for example, with drawing up the contracts and ensuring there are no legal issues with you buying the property.

Taxes and fees

When buying property in Portugal, it is essential that you understand the taxes that you will need to pay at the time of purchase and those that you will need to pay on an annual basis.

Property taxes in Portugal that you will need to pay at the time of purchase include Property Purchase Tax (IMT) and Stamp Duty. On an annual basis, the IMI (Imposto Municipal sobre Imóveis), which is an annual tax based on the value of the property, will need to be paid.

Other fees to take into consideration include Land Registry fees, Notary fees, and legal expenses.

Lifestyle in Portugal

Rural Portugal provides a blend of local customs and natural beauty, making these areas attractive options for those seeking a peaceful lifestyle away from the hustle and bustle of hotspot locations. Alongside affordable property, you will also find that the cost of living is inexpensive when compared with the likes of Lisbon and Porto. Indeed low-cost living in Portugal is certainly attainable as the country is one of the most affordable countries in Western Europe.

If you are seeking out an authentic Portuguese lifestyle experience, then rural parts of Portugal conjure up an array of local traditions, where you can learn about local customs. Each town or province will have its own festival throughout the year to enjoy, from the Festival do Butelo e das Casulas in Bragança to the Festival da Batata-doce (Festival of the Sweet Potato) in Aljezur.

Looking to buy property in Portugal? Check out our ultimate guide.

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Education in Portugal

If you are moving to Portugal with children, then you should ensure that you are conveniently located close to a good school. Most international schools can be found in and around the Lisbon area, in Porto, and in the Algarve. Therefore, if you’re children are of school age, you should definitely consider this when scouting out the perfect location for you and your family.

You can check out this International School guide by our residency and citizenship division, Global Citizen Solutions, for more information on the international schools in Portugal.

Frequently Asked Questions about Cheap Houses for Sale under 50K

Gavião, in the district of Portalegre, is the cheapest municipality to buy property in Portugal.

Property prices in Portugal vary based on the location and property type. On average, property in Portugal is cheaper than property in other Western European countries. You will also be able to find rustic land at affordable prices in Portugal. 

Yes, it is possible to find cheap properties for sale in Portugal. With search alerts, you will get a good overview of the availability of cheap properties in Portugal. Cheap properties will usually be located in less-developed areas, in a quiet area or small town of Portugal, although you may be able to find some properties close to larger cities, they will often require some work. Note that, due to price increases in recent years, it is less common now to find a new property for sale under 50k.

While it may be difficult to find cheap houses for sale in Portugal under 100k by the beach, in the Leria district, Porto de Mós is one of the more affordable areas to find cheap houses for sale near the beach. Other areas to find cheap houses for sale in portugal with sea views include Marinha Grande and Figueira da Foz.

Finding a house for €50,000 in Europe can be challenging, but rural areas in countries like Bulgaria, Hungary, or some regions of Spain and Portugal can offer options within that budget.

A current search query is about where you can find cheap properties in Portugal. Some of the best locations to find cheap properties for sale in Portugal include Northern Portugal and Central Portugal. You will also find affordable properties in the beautiful – and underrated – Alentejo region, just north of the Algarve.

Consider rural areas, as this is where you will find the most affordable properties in Portugal. You should also be able to find property in a country region locality close to a charming city. To provide you with a couple of examples, the countryside around Coimbra or around Évora has quite affordable properties. You can set up as many search alerts as possible to get familiar with the market.

You may also be pleasantly surprised by their affordability. Also, make sure you negotiate with the seller, as you may be able to secure a bargain – plus be flexible with the property type you are after.

To find properties matching your criteria, it is worth committing to research and setting as many search alerts as possible to get an overview of the market and what’s available. This will provide you with a clear overview of the market and the different prices you can expect in various locations.

Portugal real estate offers some of the best deals, whether you’re looking for investment properties or your dream home. Doing some online research is a great way to see what’s available. Search filters and setting up as many search alerts as possible can help you shorten the process to find specific properties matching your criteria. Should your current search query change, or if you would be open to different criteria, you can set up multiple alerts. We recommend speaking with real estate professionals to assist you with your search. You might even find your perfect property under 50K in just a few weeks!

A current search query is about where you can find the cheapest properties in Portugal. In 2023, Gavião, in the district of Portalegre, occupies the first place as the most affordable place to buy property in Portugal. You will find several municipalities in Portugal have affordable properties, including Alcoutim, Corvo, and Mértola.

Lisbon is the most expensive municipality in Portugal. Santo António in Lisbon is the most expensive part of the capital to buy property, with average asking prices standing at €8,117 per square meter in 2023. Other expensive municipalities include Cascais, the captivating town close by, and Loulé in the Algarve are other expensive parts of the country.

Cheap property for sale in Portugal can be found from north to south of the country, from Alcoutim in the south to Bragança in the north. If you are looking for an investment property, you should consider Aljezur in the Algarve or the Douro Valley in the north, both of which look set to become popular with eco-tourism practices in the future and where you may be able to secure a nice return on your investment.

If you look carefully, you should also be able to find properties matching your criteria in a country region locality close to a popular city, which could also be a profitable investment opportunity.