Castelo Rodrigo is one of the cheapest places to buy in Portugal Desert Morocco Adventure on Unsplash <a href="https://www.idealista.pt/en/news/about-us/109" title="Editorial Team"> Editorial Team  </a>25 July 2022
13:11When it comes to buying property in Portugal
in a context of high inflation and rising interest rates on mortgages
one of the factors to pay special attention to are house prices in Portugal which are on the rise.&nbsp;What is the cheapest place to live in Portugal
If you are thinking of moving abroad and want to buy property
take note of these 10 places where you will find the cheapest property in Portugal
it's also important to be aware of the most expensive places to buy property in Portugal when searching for your new home so that you can get the best deal possible
The most recent data from the National Statistics Institute in Portugal (INE) shows that the average price of houses in Portugal is 1,346 euros per square metre (euros/m2)
taking into account property sales made between April 2021 and March 2022
This figure is up +3.8% compared to the previous quarter and +12.4% year-on-year
according to a report published by INE in July 2022.&nbsp;
Of the 300 Portuguese municipalities with available data
there are 46 areas where house prices are higher than the national average in this period
the vast majority - 245 municipalities in particular - have average house prices of less than 1,346 euros/m2
In the analysis of house prices in Portuguese municipalities
INE does not have data available for 8 municipalities: Boticas
It is in <a href="https://www.idealista.pt/en/comprar-casas/figueira-de-castelo-rodrigo/figueira-de-castelo-rodrigo/" rel="follow" target="_blank">Figueira de Castelo Rodrigo</a>
where it is possible to buy the cheapest houses in Portugal
with a cost of 177 euros/m2 in the period for the last 12 months ending in March 2022
Here a 100m2 house can cost as little as 17,700 euros
Just behind is the village of <a href="https://www.idealista.pt/en/comprar-casas/sernancelhe/sernancelhe/" rel="follow" target="_blank">Sernancelhe</a>, in Viseu, where buying a house has a cost of 220 euros/m2, the data shows. <a href="https://www.idealista.pt/en/comprar-casas/vila-velha-de-rodao/vila-velha-de-rodao/" rel="follow" target="_blank">Vila Velha de Ródão</a>
comes in third place among the cheapest places to buy property in Portugal in 2022 (224 euros/m2)
with a cost of 2,332 euros/m2 in the last 12 months ending in March 2022
Unsurprisingly, the municipality where buying a house is most expensive in Portugal is <a href="https://www.idealista.pt/en/comprar-casas/lisboa/" rel="follow" target="_blank">Lisbon</a>
This means that a 100m2 property has an average cost of over 364,000 euros
and is therefore around 20 times more expensive than a house for sale in Figueira de Castelo Rodrigo
the municipality that has the country's cheapest homes for sale
just one kilometre from Faro's city centre
"This is one of the largest projects in both the Algarve and Portugal," says Finangeste in a statement
The project is being developed in partnership with an undisclosed international investor
The plan includes the construction of 1,641 residential units