Portugal attracts international attention from all four corners of the world, many of them drawn to the alluring Algarve. However, the Algarve is home to some of the most expensive properties in Portugal.

A recent report from Property Guides revealed that only 8% of the 353 aspiring buyers surveyed have a budget that could afford the Algarve, based on the average house price of €620,400*, a figure that’s been steadily increasing for the past few years.

But worry not, my friends! Portugal has hidden gems far beyond the famed Algarve. In this article, we will venture beyond the Algarve’s borders to unveil alternative locations with affordable property in Portugal, alongside natural beauty and a taste of authentic Portuguese living.

Where to find affordable property in Portugal

1. Costa de Prata

Stretching along Portugal’s western shoreline, the Costa de Prata (also known as the Silver Coast) is a haven for those seeking affordable coastal living. This stunning region boasts picturesque fishing villages, unspoiled beaches and historical treasures. Towns like Nazaré and Peniche offer a blend of traditional Portuguese charm and affordable property options, making them ideal for buyers looking to invest in a coastal retreat that won’t break the bank.

Browse properties for sale on the Silver Coast today

2. Porto and the Douro Valley

Northern Portugal’s Porto and the neighbouring Douro Valley provide a captivating alternative to the Algarve. Porto is a vibrant city steeped in history, famous for its port wine, and offers a thriving urban lifestyle alongside affordable property options. Just a short drive from Porto lies the Douro Valley, a UNESCO World Heritage site renowned for its terraced vineyards and breathtaking landscapes. Here, buyers can discover affordable properties in the heart of Portugal’s wine country.

Find your dream home in Porto today

3. Outer Lisbon

Lisbon, the capital city, has become increasingly popular among property buyers, which has driven up prices in the city centre. However, venturing slightly beyond Lisbon reveals hidden pockets of affordability. Areas like Cascais, Estoril, and Sintra offer a winning combination of proximity to the vibrant capital, stunning coastal scenery, and more reasonable property prices. These suburban havens provide an alternative urban lifestyle without the premium cost.

Venture further than the capital to find beautiful Portuguese properties

4. Eastern Alentejo

The Eastern Alentejo region presents a hidden gem for those seeking a tranquil escape amidst untouched nature. This unspoiled area boasts rolling plains, vineyards, and picturesque hilltop towns. Locations such as Castelo de Vide and Marvão offer a glimpse into Portugal’s rich history, with affordable properties tucked away in their charming cobblestone streets. Here, buyers can find solace, natural beauty, and affordability in equal measure.

Browse our selection of properties for sale in Alentejo today

5. Ilha do Madeira

Located off the northwest coast of Africa, the exquisite island of Madeira offers a unique alternative to mainland Portugal. Known as the “Pearl of the Atlantic,” Madeira boasts lush landscapes, dramatic cliffs, and a mild spring-like climate year-round, rarely dropping below 15°C.  Despite its reputation as a luxury destination, Madeira still offers affordable options for property buyers. Charming towns like Funchal and Ponta Sol provide a relaxed island lifestyle without compromising on affordability.

*according to MyDolceCasa, 2023

Browse properties for sale in Madeira on Rightmove overseas today

Written by PropertyGuides for Rightmove.

For more information on buying property in Portugal, browse our collection of helpful guides.

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