An increasing number of Portuguese homeowners are being forced to put their homes up for sale.

Recent data shows that both the countrys divorce and unemployment levels are rising, which has left many unable to afford their mortgage repayments.

According to the Bank of Portugal, a total of €1 billion was owed to banks from the month of August alone.

With many homeowners financially stretched, the Portuguese daily newspaper, Journal de Noticias claims that investors can now buy a three-bed property in Lisbon for as little as €60,000, while in other Portuguese cities, properties of a similar nature are proving even cheaper to buy.