So, it
comes as no surprise that in the first half of 2022, Avenidas Novas was the
most sought-after area to live in by foreigners in Lisbon, matching the parish
of Santo António, which is home to the prestigious Avenida da Liberdade.
This area
has a natural charm but also makes for a great investment opportunity in that
it is constantly evolving and reinventing itself. Living in Central Lisbon
comes with many perks, including easy access to Lisbon’s main streets and the
best that Lisbon has to offer. For those who enjoy high-end shopping, El Corte
Inglês and the Saldanha Residence are right on your doorstep. Not forgetting
that the area also offers a variety of established restaurants and bars, with
plenty of new trendy places opening regularly.
Central
Lisbon is also a cultural hub with plenty of entertainment to enjoy with the
best venues such as the Culturgest and the Calouste Gulbenkian Foundation, not
forgetting that all the biggest musicians and bands take to the stage at Campo
Pequeno.
This area
has many benefits including its convenience when it comes to a great selection
of schools and a great transport network which includes two stops at
Entrecampos and Campo Grande, making for a quick route in and out of Lisbon.
In more
recent years, there has been lots of new developments in the area, including
new offices, hotels, shops, and restaurants, transforming this area into a focal
area for business, tourism, and leisure in the city.
However,
housing has not lost its place here, with the demand in these neighbourhoods
having substantially increased because there is the perfect balance between
cosmopolitan and calm living in this 21st-century city.
Additionally,
there are many new housing projects emerging, with one being called The One, on
Avenida João XXI, located right next to Culturgest. The One is comprised
of 65 apartments, with generously sized bedroom apartments with 1, 2, and 3
bedrooms that promise skyline views. Most notably, this project was designed by
Pritzker Architecture Prize winner Souto de Moura, who honours the legacy where
residential architecture has always been a signature feature.
Another heavily anticipated project is called Campo Novo, which will extend to the Campo Grande Garden. Campo Novo housing is comprised of three buildings with 1-to-4-bedroom apartments, located in a safe gated condominium which is just one of the features suited to families wanting to settle in the centre. As well as bringing new housing to this central hub, it will create investments in public spaces, offices, and shops. This successful project currently has a waiting list and will soon be made available.
If you would like more information, please contact JLL at:
JLL Portugal
Rua Braamcamp, 40 – 8th floor
(+351) 213 121 520
Unfortunately the Portuguese government have made investment in Portugal very unattractive due to the penal property taxes (AIMI) above a certain official value.
By Neil Morgan from UK on 03 Feb 2023, 11:55