Lapa

Lapa is one of Lisbon’s loveliest neighbourhoods, characterised by impressive views and wide, peaceful, tree-lined streets that run between Jardim da Estrela and Santos.

To live in Lapa, home to embassies, palaces, fountains and museums, is to surround yourself with Lisbon’s historical high society. The area stands out for its selection of renowned restaurants, independent stores, alfresco cafés, and venerable museums and cultural institutions. Limited transport links (only Tram 28) and limited parking means that it remains enveloped in a peaceful bubble.  While protected from the bustle of the city, its near enough to stroll to neighbouring Santos, just moments down the hill, which is fast emerging as one of the city’s newest hipster hotspots.

An area of prime real estate, Lapa’s large homes and thoughtfully preserved palaces stand out against Lisbon’s traditionally apartment focused real estate. The area has changed little over the years, retaining a consistent identity as Lisbon’s most privileged and affluent neighbourhood. The scarcity of renovated apartments in this beautiful barrio ensures new developments retain high liquidity and excellent rental potential.

The experts say

Lapa is a very traditional neighbourhood, peaceful and sophisticated. Its limited number of tourists means its considerably more desirable for domestic buyers over neighbouring Chiado. Lapa’s way of life that shows little sign of changing, and as such, has long-term price security, remaining one of the city’s most desirable neighbourhoods for both local and international buyers in search of peace and refinement.

The property market in Lapa

Being home to Lisbon's aristocratical elite has always provided the area with strong international demand for high-end properties. This demand is buttressed by the Lisbon Golden Visa programme. Lapa is quiet and private, but also very well connected with the resort of the city and in many locations offers Lisbon's enviable cafe-culture lifestyle but without a constant throng of tourists. Such a combination is a heady mix for both non-resident and domestic buyers, especially now that the demand for high quality real estate is increasing.The average price for a high specification recently refurbished apartment is between €5,500-€8,000 per square metre. The rental demand for high specification properties that would appeal to the international tourism market is high with short term and long-term rental yields up to 5.5%.

Three insiders tips for Lapa

Get: Lunch at La Boulangerie - Rua Olival 46, a charming French style patisserie that echoes the relaxed atmosphere of a Parisian cafe.
DO - visit Jardim da Estrela - Praça da Estrela, a verdant garden opposite the Basílica da Estrela, is perfect for a stroll through the tree-lined paths and some people watching.
SEE - the view across Santos to the river from Le Chat, a beautiful rooftop bar housed within a glass rectangle.

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