Portugal is one of the most attractive destinations for those looking to buy a property in Europe. Its pleasant climate, quality of life, and cultural beauty make many people consider investing in a home. However, the key question is: how much does a house cost in Portugal? In this article, we explore average prices in different regions, factors that influence costs, and tips for making an informed decision.

Average house prices in Portugal

The price of a house in Portugal varies considerably depending on the location and type of property. Here’s an overview of average costs:

1. Lisbon : The capital has the highest prices. The average price per square meter is around 4,500 euros , depending on the area. In central areas, prices can exceed 6,000 euros/m².
2. Porto : In the country’s second largest city, the average price is €3,000/m² , with more affordable options in the suburbs.
3. Algarve : This tourist region has an average of 3,500 euros/m² , although in exclusive areas such as Vilamoura, prices are significantly higher.
4. Braga and Coimbra : More affordable cities, with average prices between 1,000 and 1,500 euros/m² , ideal for those seeking quality of life at a lower cost.

For a more detailed analysis of the costs of living and housing in Portugal, please see our article on the cost of living in Portugal .

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Factors that influence the price of a house

The value of a property in Portugal depends on multiple factors, including:

• Location : Houses in tourist areas or urban centers are more expensive. Check out our article on the Best Cities to Live in Portugal .
• Property size and condition : New or renovated homes often cost more.
• Proximity to services and transportation : Proximity to schools, hospitals, and public transportation increases value.
• Seasonal demand : In regions like the Algarve, prices fluctuate depending on the tourist season.

We recommend reading this article about the 10 cheapest places to buy a house in Portugal.

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Buying a house with a mortgage in Portugal

Purchasing a property in Portugal is more accessible with the financing options offered by local banks. Financial institutions typically cover between 70% and 90% of the home’s value, depending on your income and credit profile. However, there is a new 100% financing option, designed specifically for young people under 35. This initiative allows you to purchase a home without a down payment, provided you meet the requirements. For more details, see our article on 100% mortgage loans in Portugal and find out if you qualify for this opportunity.

We also invite you to watch this video to understand everything related to buying a home with a mortgage , from requirements to key recommendations for starting the process.

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How much does it cost to buy a house in Portugal?

In addition to property costs, it is important to consider additional expenses such as:

• Property Transfer Tax (IMT) : Varies between 2% and 8% depending on the value of the property.
• Notary fees : Between 1,000 and 2,000 euros.
• Life and home insurance : Two mandatory requirements for obtaining a mortgage. Get a quote for your insurance here .

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Conclusion

Knowing how much a house is worth in Portugal depends on multiple factors, such as the location, size, and condition of the property. Whether you’re looking for a home for investment or a permanent residence, having accurate information and professional support is essential to making the right decision.