Buying a house in Portugal, especially in the Algarve, has become an increasing challenge. The region, increasingly sought after by foreign investors, has seen prices rise to levels that are often inaccessible to local residents. With rising interest rates and a scarcity of properties, many families and young people see the dream of owning their own home becoming increasingly distant. Faced with this reality, many Portuguese people, including those from the Algarve, have been looking for alternatives in Spain, where the purchase of houses by Portuguese people reached records this year, as the . In particular, there is a province just five minutes from the border that stands out as an economic alternative.
“Right next to the Portuguese border, Spanish Extremadura appears as an economic alternative, where the average price per square meter is 973 euros, well below the national average of 2,182 euros, according to recent data from Idealista”, says .
In the province of Badajoz, located just five minutes from the Portuguese border and less than 30 minutes from Elvas, the price per square meter fell by 0.2% last year, now standing at 966 euros. This scenario reflects the trend towards more affordable prices, especially for those looking for economical alternatives compared to the Brazilian real estate market.
The town of Castuera stands out, where a sharp drop of 13.7% in the price per square meter set the price at just 439 euros, making it the cheapest town in the province. Thus, a 120 square meter house in Castuera would have an estimated cost of around 52,680 euros, although this value may vary depending on the specific location and the state of conservation of the property.
Other locations that stand out for their affordable price include Azuaga, with a price of 475 euros per square meter, Montijo at 537 euros, Monesterio at 550 euros, Llerena at 580 euros and Jerez de los Caballeros, where the price is around 598 euros per square meter. These values place the province of Badajoz, in Extremadura, as an attractive option for those looking for housing at more moderate prices, representing an interesting alternative for Portuguese people who want their own home without the high costs of the national market.
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