Affordable coastal property can be found in regions like the northern part of Portugal, Alentejo, Aveiro, Montijo, and Figueira da Foz. Parts of the Algarve can also be quite affordable, depending on the location.

Today, the average price of a property in Portugal stands at approx. $135 per square foot. Studio and one-bedroom homes will cost you around $168 per square foot, whilst two-bedroom properties are priced at around $144/sqft.

On average, housing in Portugal costs around 1,100 EUR (1,200 USD) in rent per month. This number grew considerably from the 800 EUR (880 USD) registered just a year before. Rent prices will vary greatly depending on the part of the country in which you choose to live and the type of housing you seek.

House prices have been rising for more than ten years and this is expected to continue to happen in 2024, according to a report by ECO. Despite predicting a slowdown in demand and the pace of sales, the experts consulted by ECO do not see, on a medium-term horizon, a decline in housing prices.