Set below Castelo São Jorge, Mouraria is one of Lisbon’s oldest neighbourhoods. One of the only ones to survive the 1758 alongside neighbouring Alfama, it’s as equally charismatic and characteristic. A stroll through its narrow, cobble-stone streets, home to independent shops, artisan workshops and an intimate convivial community, is like stepping back in time, charming vignettes at every turn. The birthplace of fado, Portugal’s lamenting folk music, it’s no surprise that locals refer to Mouraria as the city’s soul. Thanks to its central location in the city and historically cheap real-estate, this heritage has taken on a multi-cultural tone in the last decade, traditional families joined by a new wave of artists and immigrants.

In recent years, a multi-million euro renovation project, pioneered by Lisbon’s Camera Municipal and local developers have begun to refurbish old buildings, churches and squares, preserving the area’s rich architecture and supporting merchants, while injecting new life and increased security into the area. These improvements are opening the barrio to a new breed of residents, from young families to sharp investors. Strong transport links via buses and the metro connect it, like a beating heart, with the rest of the city.

The experts say

While investment and residential growth is on the rise, Mouraria remains something of a secret. Prices are even more competitive here when compared to other neighbourhoods such as Alfama where prices fetch up to €9,000 per square metre.

The property market in Mouraria

While many of Mouraria’s residential properties require considerable renovation for luxury investors, a recent rise in modern developments driven by the Amouraria project offers a new level of luxury and amenities set behind carefully restored traditional facades. Many properties here are also eligible for the Portuguese Golden Visa programme too. While Mouraria’s proximity to the centre and transport links make it attractive for buy-to-let investors and the short-term rental market, the local neighbourhood vibe, great views over the Castelo de São Jorge and affordable pricing are already drawing the city’s artists and entrepreneurs, while young families are drawn to Amouraria’s amenities, unique in the neighbourhood.

Three insiders tips for Mouraria

GET - Food from all over the world in the stalls located in the middle of Martim Moniz square
DO - Discover Largo da Ahchada a tiny square where you will find one of Lisbon's oldest homes, a survivor of the 1755 earthquake
SEE - One of the most beautiful tiled façades of the city, called Viuva Lamego

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