Alfama is one of Lisbon’s oldest and most picturesque neighbourhoods with many colourful buildings, a labyrinth of narrow, steep cobbled streets and Castelo de São Jorge, the famous fortress sitting on top of the highest hill in the city.
Thanks to its hilly setting, the historic location offers visitors and residents views over the city as well as the Tagus river. Though Alfama is best discovered by foot, transport options including the tram and metro are available very nearby.
Alfama is a neighbourhood that has undergone significant gentrification and redevelopment in recent years, making it a popular destination for tourists and investors.
Its prime location, beautiful architecture, and growing popularity make it an attractive area for property investment, whilst the limited space for developments means the area is not overwhelmed with new projects. Furthermore, Alfama has potential for high rental income either on the short or mid-term market, as well as long-term capital appreciation.
Properties for sale in Alfama are a good choice for both short and long term rentals thanks to its charming ambience, view points over the hills, central location, historic architecture and authenticity.
Properties for sale in Alfama are a good choice for both short and long-term rentals thanks to its charming atmosphere, observation decks (miradouros) over the hills, central location, historic architecture and authenticity.
The area is constantly evolving and there is the feeling that Alfama has enormous potential to grow. Whilst prices for high-end apartment developments range between €7,000 per sqm to €9,000 per sqm, due to limited stock and high demand, there remains strong potential for further growth.
Alfama is one of the oldest and most historic neighborhoods in Lisbon, Portugal. Its origins date back to the time of the Moors, who occupied Lisbon until the 12th century. During this period, Alfama was an important commercial and residential center, and its narrow streets and alleys were designed to provide shade and shelter from the sun.
In the 18th century, a devastating earthquake and subsequent tsunami destroyed much of Alfama, but the neighborhood was rebuilt over time. In the 20th century, Alfama saw significant urban renewal and restoration, as well as increased tourism.
Today, Alfama is a bustling neighbourhood with a strong sense of community and a unique character. It is known for its lively fado music scene, winding streets, stunning views of the city, and traditional architecture.
The neighborhood has managed to retain much of its historic character and cultural significance, and today it is one of the most popular tourist destinations in Lisbon. Alfama is known for its lively fado music scene, traditional festivals, and historic landmarks, such as the Castelo de São Jorge and the Igreja de São Miguel.
Tourism has flourished in the area, and nowadays, besides those who are visiting, you can find people of all nationalities living here, as well as the typical Portuguese families, who have maintained the tradition of meeting in squares, chatting with and observing the passers-by and enjoying family life in their neighbourhood.
The edges of Alfama can be easily reached in about 20 minutes by car from Lisbon's airport. Exploring within Alfama is best done by foot thanks to its historic and hilly streets.