Avenidas Novas

An elegant family favourite, Avenidas Novas is defined by its leafy streets, aristocratic art-nouveau palaces, modern apartments and wide avenues, conjuring more an air of capitals like Madrid or Buenos Aires rather than the intimate cobble-stones and steep alleys that characterise much of Lisbon’s hilly historic centre. Predominantly flat and flush with bike lanes, Avenidas Novas is a great option to explore by bike.

One reason why this residential neighbourhood is such a draw for families is the versatility of its location. Both Avenidas Novas and its sister neighbourhood of Barrio Azul run close to the elegant Parque Eduardo VII (Lisbon’s largest lung of green), the atmospheric Amalia Rodrigues park and the art-focused Gulbenkian Gardens. In addition, many of the properties here are eligible for the Portuguese Golden Visa programme which grants residency for international investors whilst paving the way to citizenship. This makes it a great location for families wishing to relocate abroad.

Stroll south and you’ll find yourself on Avenida da Liberdade, Lisbon’s chic central artery, where soaring trees, mosaiced cobble-stones and international shops lend an air of the Champs Elysée.  Yet head East and in just 10 minutes, Lisbon’s bustling business district of Saldanha emerges, where the majority of Lisbon’s big offices and executive hotels are located. Finally, it’s easy accessibility to Lisbon’s major highways means you can be burying your toes in the sand on the beaches of Cascais, Estoril and the Costa Caparica in under half an hour.

Before Lisbon’s recent property boom and the resurrection of her historic centre, Avenidas Novas was regarded as one of the most affluent neighbourhoods in the city, and it remains so to this day. Families of all ages love living here thanks to being on the doorstep of concert and event venue Campo Pequeno, as well as Lisbon’s leading cultural institution, the Gulbenkian Museum which buzzes with a dynamic roster of classic and contemporary classical music concerts year-round.

Catering towards the mid-upper level families who have lived here for generations, small independent shops and a wide range of services within walking distance, including health clinics, hospitals and schools, underpin the high quality of life here. Lisbon’s leading department store El Corte Inglés also provides a big draw. Predominantly Portuguese, Avenidas Novas retains an authentic laid-back atmosphere, with a good variety of options available for a variety of budgets.

  • Baixa-Chiado - 15 minutes by metro
  • Costa da Caparica - 30 minutes by car
  • Portela Airport - 15 minutes by car

The experts say

With a cluster of the city’s top universities also located in Avenidas Novas, investing in property here is a clever investment for families looking to put down long-term roots, or capitalise on long-term rental options to locals or expats. While property for sale in Avenidas Novas remains towards the upper end of the market with prices ranging from €6,000 per sqm and €10,000 per sqm, prices here are rooted in value rather than hype. Expect apartments defined by multiple rooms, high ceilings and a much larger sqm than you will find for the same budget in neighbourhoods like Chiado and Baixa. Our experts say that buying property in Avenida das Novas offers a similar quality of life and prestige as properties on Avenida Liberdade but at a lower price point. Despite its prime location, Avenidas Novas has yet to explode on the international radar, which makes now an intelligent time to invest.

Three insiders tips for Avenidas Novas

DO: Join Club 7 - The city’s premier wellbeing hub is set in the leafy park and combines a first-rate gym with on-site spa, tennis courts, swimming pool and endless kids’ activities.
SEE: Live music events and festivals enliven the park throughout the summer months
EAT: Health-focused services include the organic supermarket Miosotis, the Portuguese version of Whole Foods, and one of Lisbon’s loveliest vegan cafes, My Mother’s Daughters

At glance

Did you know?

  • ‘Avenidas Novas’ was built at the turn of the 20th century, as the city expanded to the North. It literally means ‘New Avenues’ and was defined by palatial houses built the art-nouveau and belle epoque style.
  • Far from the crowds in the Time Out Market, Avenidas Novas is home to Lisbon’s premier fresh fish market, Mercado 31 de Janeiro

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