Housing
Houses for renovation in Portugal cost €240,000 less than ready-to-live homes
An analysis by Imovirtual shows that properties needing renovation have an average price of €150,000, compared to €390,000 for move-in ready homes. While apartments for renovation saw a price increase of 50% between 2025 and 2026, they remain significantly cheaper than renovated alternatives, though they now make up only 10.5% of market listings, with the highest concentration of such properties found in the districts of Setúbal, Lisbon, and Porto.
Why it matters
If you are looking to buy property, houses needing renovation may offer a lower initial entry price, but you must account for the significant and often rising costs of renovation work, as well as the fact that these properties represent an increasingly smaller share of the available market.The Portugal NewsRead original ↗
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