Top 5 Places to Find a Home Under €30,000 in Portugal – A Smart Investment Opportunity

Portugal remains one of the most affordable real estate markets in Europe, and while prices have risen in major cities, there are still fantastic investment opportunities in smaller towns and rural areas. If you're looking for a low-cost property with potential for growth, Portugal offers several locations where you can buy a home for under €30,000.

These areas may not be in the heart of Lisbon or Porto, but they come with unique advantages - lower costs of living, beautiful landscapes, and growing interest from those looking for peaceful countryside living or vacation retreats. Whether you’re looking for a fixer-upper for renovation, a long-term rental opportunity, or a vacation home, these locations could be an ideal investment.

1. Pampilhosa da Serra – Affordable Mountain Retreat

Located in the Coimbra district, Pampilhosa da Serra is one of the cheapest areas to buy a home in Portugal, with median prices at just €220 per square meter. That means a 100m² home can be purchased for around €22,000.

Why invest here?

✔ Low cost per square meter, meaning you can buy more space for your money.

✔ Surrounded by stunning nature, including mountains, rivers, and forests—perfect for eco-tourism or vacation rentals.

✔ Quiet and peaceful, making it a great choice for those looking for a rural retreat.

✔ Growing interest from foreigners seeking alternative lifestyles away from the city.

This area is ideal for those looking to renovate and resell or use the property as a weekend escape or Airbnb rental.

2. Mação – Historic Charm at a Bargain Price

Mação, in the Santarém district, is another location where you can find homes for under €30,000. The average price is €243 per square meter, allowing you to buy a 100m² home for just €24,300.

Why invest here?

✔ Rich in history and culture, featuring medieval architecture and a charming town center.

✔ Great location, situated between Lisbon and the Spanish border, making it convenient for travel.

✔ Affordable renovation costs, with many old properties ready to be restored.

✔ Strong rental potential, particularly for long-term residents or tourists exploring central Portugal.

With its historical charm and strategic location, Mação presents a great investment opportunity for those interested in affordable property restoration projects.

3. Vimioso – Hidden Gem in Northern Portugal

Vimioso, in the Bragança district, offers homes for approximately €250 per square meter, meaning you can purchase a 100m² home for around €25,000.

Why invest here?

✔ Located near the Spanish border, offering cross-border business and rental potential.

✔ Rich agricultural land, ideal for those interested in small-scale farming or eco-living.

✔ Strong community feel, with local festivals, traditional Portuguese culture, and a relaxed lifestyle.

✔ Growing expat interest, as people look for more affordable countryside locations.

Vimioso is perfect for investors looking to develop rural tourism projects, retreat-style accommodations, or affordable long-term rental properties.

4. Figueira de Castelo Rodrigo – A Growing Investment Spot

This town, located in the Guarda district, is another location where property remains extremely affordable, with prices averaging €250 per square meter.

Why invest here?

✔ Breathtaking natural landscapes, with proximity to the Douro Valley and its famous vineyards.

✔ Strong tourism potential, especially for wine tourism and nature-based activities.

✔ Close to Spain, offering easy access for international visitors.

✔ Low cost of living, making it an attractive place for retirees and long-term renters.

With Portugal’s wine tourism growing rapidly, Figueira de Castelo Rodrigo is a great place to invest in guesthouses, vacation rentals, or eco-tourism projects.

5. Penamacor – A Future Hotspot for Remote Living

Penamacor, in the Castelo Branco district, has long been overlooked, but that is starting to change. Here, homes are still well under €30,000, making it one of Portugal’s most affordable regions.

Why invest here?

✔ Quiet, remote, and peaceful, ideal for those looking to escape urban life.

✔ Large properties available at very low prices, perfect for renovation.

✔ Growing appeal for remote workers and digital nomads, who are increasingly looking for low-cost countryside living.

✔ Opportunities to buy land, making it a great place for self-sustainable living or eco-projects.

Penamacor offers huge potential for investors who want to take advantage of the rising demand for remote living spaces in Portugal.

Why Investing in Portugal’s Rural Areas Can Be a Smart Move

Many investors focus on Lisbon, Porto, or the Algarve, but Portugal’s rural property market is growing fast. Here’s why:

✔ Lower costs, higher potential – Investing in these areas allows you to secure large properties for a fraction of the cost of city real estate.

✔ Renovation potential – Many old houses can be restored and sold or rented for a strong return.

✔ Increasing demand – More people are looking for affordable housing, retirement homes, and rural vacation spots.

✔ Long-term growth – As prices rise in major cities, rural areas will attract more investment and appreciation.

How We Can Help

Finding and purchasing a low-cost investment property in Portugal requires expert guidance. That’s where we come in.

✔ We have access to exclusive listings not available on public platforms.

✔ We help you navigate the legal process and ensure a smooth transaction.

✔ We assist with renovations and development, connecting you with trusted architects and builders.

✔ We provide insights on rental potential and resale strategies, helping you maximize your returns.

If you’re interested in securing a low-cost investment property in Portugal, let’s talk.

Email: hello@patricksimoninvest.com

Whatsapp: +45 2213 2334

*Pictures are only for inspiration