Location, location, location!
This is the famous dictum of the real estate industry to highlight that the location of a property is the dominant and decisive factor for those that invest in this sector. When we talk about the residential market, this concept acquires even greater importance.
The dynamics we are currently witnessing in the residential market in Lisbon have brought new opportunities to areas where only a few years ago it was very difficult to purchase a home with the conditions of quality, convenience and comfort that are available today. This is, for example, the case of Avenida da Liberdade, the prime offices area and privileged location of high-end shops and 5 star hotels of the city. The rehabilitation of an extensive range of buildings underway along this avenue, one of the most central and most important of Lisbon, has brought about renewed visibility for the residential market with the development of various exclusive residential real estate undertakings.
Also located in the city the centre, there are the areas of Chiado/Santa Catarina, Príncipe Real/São Bento and Baixa Pombalina. Chiado,one of the most iconic and trendiest neighbourhoods in Lisbon, it hosts various restaurants and museums. It is also known for being the liveliest street shopping area of the capital. The residential market has found here its address par excellence with various refurbished buildings and apartments full of cachet, many of which offer breath-taking views over the Tagus River, the Castle of São Jorge and the city, making it one of the most exclusive areas of Lisbon, which has attracted the attention of various international investors.
Next to Chiado there is Príncipe Real, which is also one of the most cosmopolitan residential neighbourhoods of Lisbon, characterised by the existence of numerous mansions and by a growing dynamism of alternative street retail. These are the qualities that have sustained a growing demand in this area, not only for private use but also on an investment perspective.
We cannot finish this tour through the main residential neighbourhoods of Lisbon without mentioning Baixa Pombalina and Alfama, the most traditional, historical and iconic areas of the city. From Terreiro do Paço to the Castle of São Jorge, there are many tourists that, every day, roam through the typical streets onthe heart of Lisbon, almost inevitably passing through Rua Augusta, considered by the Spanish edition of the Condé Nast Traveler magazine as “one of the most beautiful in the world”. The requalification that is currently taking place in this area rejuvenates and gives life to one of the locations most liked by international investors, especially those that are looking to purchase properties to lease.
Neighbourhood after neighbourhood, Lisbon has gained a new life. Having earned a prominent place on the world’s tourism route and on the map of international visibility, investors are looking at the Portuguese capital as a unique opportunity to invest in residential real estate property in Europe.