Portugal welcomes visitors from all over the world, and many of them are drawn to the attractive Algarve. The Algarve, on the other hand, is home to some of the most expensive villas in Portugal.
According to a recent Property Guides analysis, just 8% of the 353 hopeful buyers polled have a budget that could afford the Algarve, based on the average property price of €620,400*, a figure that has been progressively rising in recent years.
But don’t worry, my buddies! Portugal has hidden gems beyond the well-known Algarve. In this post, we will go beyond the confines of the Algarve to reveal other destinations in Portugal with inexpensive property, natural beauty, and a flavour of true Portuguese living.
Here are 5 locations in Portugal to find cost-effective houses:
1. Prata’s Coast
The Costa de Prata (also known as the Silver Coast) stretches along Portugal’s western shoreline and is a refuge for people looking for economical seaside life. This breathtaking region is home to charming fishing villages, pristine beaches, and historical treasures. Towns like Nazaré and Peniche combine traditional Portuguese beauty with modest property possibilities, making them suitable for those wishing to invest in a low-cost beach vacation.
2. Douro Valley and Porto
Northern Porto and the nearby Douro Valley in Portugal provide an enticing alternative to the Algarve. Porto is a dynamic city steeped in history, noted for its port wine, and provides a thriving urban culture as well as economical real estate possibilities. The Douro Valley, a UNESCO World Heritage site known for its terraced vineyards and magnificent views, is only a short drive from Porto. Buyers may find cheap villas in the heart of Portugal’s wine country here.
3. Lisbon’s outskirts
Lisbon, the capital city, has grown in popularity among property purchasers, driving up prices in the city core. Moving somewhat outside of Lisbon, however, offers hidden pockets of affordability. Cascais, Estoril, and Sintra provide a winning combination of closeness to the busy city, breathtaking seaside beauty, and relatively affordable home costs. These suburban havens provide an alternate metropolitan lifestyle at a lower cost.
4. Alentejo de Varzim
The Eastern Alentejo region is a hidden gem for anyone looking for a peaceful retreat among unspoilt nature. This pristine region features undulating grasslands, vineyards, and lovely hilltop villages. Locations like Castelo de Vide and Marvo provide a look into Portugal’s rich past, with cheap villas nestled away in lovely cobblestone alleyways. Buyers will find peace, natural beauty, and affordability in equal measure here.
5. Madeira Island
The magnificent island of Madeira, located off the northwest coast of Africa, provides a distinct alternative to mainland Portugal. Madeira, known as the “Pearl of the Atlantic,” has lush scenery, majestic cliffs, and a balmy spring-like temperature that seldom drops below 15°C. Despite its reputation as a luxury resort, Madeira nevertheless has reasonable property alternatives for purchasers. Charming villages like Funchal and Ponta Sol provide a relaxing island lifestyle without breaking the bank.
