Only one in three homes for sale under €300,000

In the first quarter of 2026 only one in every three houses on the market in Portugal were for sale at under €300,000.

This is according to the latest market survey from Idealista which reveals that homes at affordable prices sought after by families are increasingly difficult to find as the lack of supply continues to push house prices to new records.

Last year, there was a widespread drop in the number of residential properties in the country (-19%), to just over 100,000 apartments advertised on Idealista in the first quarter of 2026 – a leading online real estate marketplace in Portugal, Spain and Italy.

The amount of houses for sale Up to €300,000: supply fell by 31% between the beginning of 2026 and the same period of the previous year to less than 40,000 homes. In the different price ranges that make up this level, the housing stock priced up to €210,000 decreased to less than half.

And for houses in the €300,00 to €600,000 price range the residential stock supply fell 11% in a year to around 47,000 apartments.

Even for premium and luxury homes residential offer fell 8% to almost 22,000 properties.

This dynamic has reversed the market’s protagonists: while a year ago the most significant supply was concentrated in the most affordable prices (42% of the total), this share has now fallen to 36%.

Now, the most significant housing supply is between €300,000 and €600,000 (44% of the total).

And apartments costing more than €600,000 continue to have a significant share, representing a fifth of the stock, reveals idealista/data.

All this helps to explain the rapid rise in house prices in the country to new records. It also reflects the high construction costs (labor and materials) that make it difficult to place new homes at affordable prices on the market.

Source & Crediots: Idealista. This apartment in Torres Vedras is an example of a property that can be had for under €300,000 – but nearer to Lisbon they are few and far between!