Investor’s Guide: The Best Neighbourhoods in Lisbon
Portugal’s steady and healthy economy lures financial interest from all over the world, and the country reaps its benefits. As Portugal’s Golden Visa program gets more popular, the real estate goes up in value. Properties for sale in Lisbon continue to increase their market value.
Portugal’s political stability at hand, good economic policies, high quality of life, ability to attract talents and investors, immediate capital returns and the growth in the real estate rental market are all major contributors to its success. Country’s responses to its socio-political problems are also positive factors that contribute to the fact that Portugal is now a gem in Europe.
The Global Peace Index 2018 reports show that Portugal is promoted to the 4th position on the list of the safest countries in the world. The report includes 163 countries evaluated through the existence of domestic or international conflicts, the level of harmony or discord in the country and the militarist indicators. Aside their beauty and warmth, safety also decorates the neighbourhoods in Lisbon.
The working-class neighbourhoods of Graça are the a hundred years old monuments of the area’s past. Now with its restaurants, belvederes and gazebos attracting lots of tourists every year, Graça was once a quiet quartier of the working class. Vila Berta and Estrela d’Ouro from 1908 and Vila Souza from 1890 are still living embodiments of that era.
In the beginning of 1900s, train transportation began to be more and more popular, and through its massification, people from the rural sides of Portugal came to bigger cities like Porto and Lisbon to find jobs and survive. The place to live for them was an issue. So, the authorities came with a solution and provided them with these villages. Most houses were in bad shape, but some of them were surprisingly charming. These “Vilas Operárias” are now one of the main attractions of Graça.
Two streets, Rua do Ouro and Rua Augusta are parallel to each other, and halfway down them, there is the Santa Justa Elevator. This elevator brings its travellers to Largo do Carmo where Portugal’s Carnation Revolution of 25 April 1974 took place. Here is a convent which is roofless and is appropriately turned into a sky observatory. Neighbourhood of Chiado presents itself right here.
Famous with its many cafes, probably the most popular attraction of Chiado is the bronze statue of Fernando Pessoa sitting at a table next to an empty seat. Tourists often take photographs with the famous literary figure Fernando Pessoa sitting next to his embodiment. Together with its impressive gastronomic diversity, Chiado is definitely more than just a tourist destination; it is a place to live.
Avenidas Novas constitutes one of the largest residential zones in Lisbon. Whole area is well supplied with public services and public transportation. Also because of its size, the area is divided into several districts with their own features. One of the districts that is inside Avenidas Novas is Bairro Azul. Bairro Azul is quite small, but offers a good amount of services and amenities. It is located near the El Corte Ingles store. Other districts that are comprised by Avenidas Novas are Saldanha/Avenida da República residential zone and Alvalade/Avenida de Roma which is characterized by its traditional and dynamic lifestyle. With its vast area and award-winning villas in it, Avenidas Novas is a colourful neighbourhood involving a variety of attractions.
Alcantara is the place where famous Tagus River flows and 25 de Abril Bridge stands over it. Alcantara Docks and especially Doca de Santo Amaro which draws the weekend and evening crowds to its restaurants and bars decorated in old warehouses constitute a big part of the attractions of Alcantara. Split by train tracks, Alcantara has another side with residential buildings. LX Factory which was an industrial site before, now hosts many artists’ studios and shops, restaurants and performance space. On top resides the Monsanto Forest Park that protects the city from air pollution and always welcoming to fellow trekkers.