What €50,000 (U.S. $59,000) Can Buy You in Portugal … or Spain

Location, location, location.

Wherever you want to buy (or rent), the same general rule applies: Housing costs more in Lisbon, Porto, the Algarve, Silver Coast and their suburbs (Portugal) or Madrid, Barcelona, Ibiza, and Málaga (Spain) than comparable inland properties.

But, if you know what you want and are willing to reside away from the major tourist traps, you can get one heck of a deal in both Portugal and Spain.

Having already purchased townhomes in Spain and Portugal, we knew pretty much what we wanted in our “halfway house” between the two countries:


• We preferred a village or small town with quick and easy access to a large, metropolitan area;
• The property had to be a single story without staircases, but with a good layout and ample-sized “divisions”;
• We didn’t want to be on the main street or have our bedroom in front, facing the street
• It had to be in good condition both structurally and in terms of infrastructure;
• Required was a small backyard (quintal) for our three dogs;
• The property needed to be more-or-less “move-in ready” with a minimum of two good-sized bedrooms, kitchen, living room, dining room, and bath;
• We wanted to be in Portugal, somewhere that could cut our travel time between homes in Portugal and Spain substantially;
• Our total budget — all things included — was no more than €60,000.

Quite a list, huh?

But these were among the imperatives we had learned about our own personal preferences after living in Portugal for two years and having a vacation bolt in Spain for fifteen.

We narrowed our choices to the Elvas (Portalegre) area, a UNESCO “World Heritage” site that abuts big city Badajoz and the border with Spain. Not only would this location cut two hours each way from our trips to and from Spain several times each year; it would also be relatively close to such special places in Portugal as Évora, Estremoz, and Vila Viçosa (among others) … and just a two-hour drive from our primary residence in Castelo Branco.

After looking at what was available in the historic section of Elvas, a number of locals — police, hotel personnel, even shop owners — advised us to buy in a nearby village instead, rather than in Elvas proper. Villages even five (5) kilometers outside of Elvas would be cheaper, calmer, and more in line with the lives we wanted.

We toured a number of properties in Santa Eulalia, Campo Maior, Boa Fe, and Sousel, but decided to buy in Vila Boim–the village closest to Elvas. With a population of about 1,200 (twice that of our Lousa hometown in Castelo Branco), there are restaurants, cafés, mini-markets, a pharmacy and bank with a Multibanco … even a “pedestrian” shopping street.

Listed for €39,500, the house we bought had been on the market for several years. It needed some work after being vacant … yet there was no smell of rot, mold, or mildew. The room sizes, spaces, and layout fit our needs perfectly. Negotiating back and forth with the property agents representing the seller(s), we ultimately agreed to purchase it for €34,000.

The following pictures depict the house and its condition when we purchased it.

Front Façade
Dining Room
Kitchen
Living Room
Bedroom
Office + Despensa (Pantry)
Bathroom
Quintal (backyard)

There was plenty of work to be done!

Initially, we invested €2,500 in “prep” work — repairs, fixes, replacements — before we could even begin to think about “what next?” or “when can we move in?”

The ceiling alone in the bathroom (and the strips of plaster hanging off the wall on the outside of the exterior wall) needed to be gutted, plastered, and repainted. The cabinets hanging precariously off the wall in the long, narrow kitchen had to be removed and replaced with new ones to make our long, narrow, “galley” style kitchen functional and attractive (€3,000). Appliances — a high-efficiency gas water heater (€750) and three separate inverter aircon units were purchased (€2,259) and installed: one 18,000 BTU unit to cool and heat the large dining and living room area, and two 12,000 BTU units: one for the bedroom and another for the office and kitchen. Several rooms needed to be repainted (€500). Lighting was paramount for the dining room bedroom, kitchen, and office (€500). New appliances — a stove and oven, washer and dryer, and dishwasher — added €1,500 to the tab.

Upgrades included three new, double-pane windows with fly screens (€500) and upping the electrical power from 3.45 > 6.9 kWh which, in turn, required us to have an electrician add new wiring throughout the house to carry the added load (€1,250). We learned that there was no roofing above our bathroom and adjoining bathroom — which had caused the ceilings inside to buckle — so a new rooftop was added above that part of the house (€750). Because rain water came in under the front and rear doors, we added awnings and replaced the doors (€1,500). Because the dining room was so dark without a window, the door we chose for up front had glass on the top and a metal protective casing behind it. Finally, we bricked in the small backyard with cobble stones (€750) so that the dogs wouldn’t track mud into the house every time we let them out back.

Furniture, furnishings, and artwork already were ours, just waiting for a new home.

Total cost?

Just about €50,000. That’s less than $59,000 USA greenbacks!

We’ve got great neighbors, a low-maintenance yet comfortable home, and easy access to big city shopping in both Portugal and Spain.

How much do you think all that building and buying would cost us in the USA?

Here is our home as it now looks:

Front Façade with Awning, New Door, and Inverter Aircon Unit
New Front Door with Triple Locks, Double Pane Glass, and Protective Top. Electric and Water Boxes behind panels.
Dining Room
Dining Room
Living Room
Living Room
Living Room
Bedroom
Bedroom
Kitchen
Kitchen
Office
Bathroom
Quintal
Quintal
Quintal – Laundry Area

P.S. Our vacation “bolt” home in Olvera (Andalucía), Spain, cost even less! But, that’s quite another story. You can read all about it here: https://pastorbrucesblog.com/2020/09/12/then-again-but-better

Shared here are personal observations, experiences, and happenstance that actually occurred to us as we moved from the USA to begin a new life in Portugal and Spain. Collected and compiled in EXPAT: Leaving the USA for Good, the book is available in hardcover, paperback, and eBook editions from Amazon and most online booksellers.

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4 thoughts on “What €50,000 (U.S. $59,000) Can Buy You in Portugal … or Spain

  1. WOW! What a fabulous transformation from old to new. May I suggest that you post your list of sources for those of us contemplating doing this same thing? I for one would be most appreciative as I contemplate my escape from the carnage here in the US to a better life in Portugal.

  2. Pingback: Blog Posts | Portugal Living Magazine

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