Chiado remains one of the most distinguished neighbourhoods in Lisbon and is home to trendy restaurants (including the 2 Michelin-starred Belcanto), designer shops, charming cafes and plenty of rooftop bars - perfect for enjoying Lisbon's sunny climate.
Rising between the west side of Baixa towards Bairro Alto, the iconic Chiado became the centre of Portuguese Romanticism in 1856 thanks to the creation of the literary guild, a club of intellectuals at the time, turning the neighbourhood into a must-see for anyone who wanted to be known in the city.
This historic meeting point for the city’s artists and intellectuals is now an exciting investment opportunity. Just a few minutes' walk from the Tagus River, properties for sale in Chiado are the ultimate lifestyle investment offering the sought-after combination of jaw-dropping views, prime location and spacious interiors.
The area is known as a cultural zone and the apartments for sale in Chiado are ideal, both as a buy-to-let investment as well as a second home. Property prices can reach up to €12,000 per sqm, but the average is €9,747 per sqm. Perfect to live in now or to rent out, our Chiado apartments for sale offer great capital gains and good long-term rental yields.
An iconic, charming, highly desirable neighbourhood with modern services and amenities, Chiado can be considered a safe bet for investment.
In recent years, Chiado has undergone significant infrastructure development to improve its urban landscape and enhance the quality of life for its residents and many visitors. The main focus of the development has been on improving the pedestrian experience in the neighbourhood, with the renovation of sidewalks, the installation of new street furniture, and the expansion of public spaces.
Additionally, several buildings in Chiado have been refurbished, preserving their historic architecture while modernizing their interiors to meet contemporary standards. The area has also seen the addition of new public transportation options, such as the expansion of the metro network and the introduction of electric buses, making it easier to get around the neighborhood and the rest of Lisbon.
A historic neighbourhood in Lisbon, Chiado dates back to the 16th century. Originally an aristocratic area, it became a hub of cultural and intellectual activity in the 19th and early 20th centuries, with many of Portugal's most famous writers, artists, and thinkers frequenting the cafes and theatres in the area.
The area has undergone several transformations over the years, including a devastating fire in 1988 that destroyed many of its iconic buildings. However, Chiado has since been rebuilt and restored to its former glory, and today it is a popular destination for locals and tourists alike, known for its charming streets, lively cultural scene, and fashionable shops.
Chiado is continually evolving and new shops, bars and restaurants are opening up all the time. Palácio do Chiado is a highly recommended restaurant offering traditional Portuguese and international cuisine within the spectacular setting of an 18th-century palace. If you feel like going for a cocktail, try Silk Club.
As an area historically known for its intellectual connections, there are several statues of literary figures such as Fernando Pessoa, one of Portugal’s greatest poets, sitting outside Café A Brasileira. Its busy streets are also home to several theatres and great shopping experiences such as Armazém of Chiado, with its luxury shops.
Be sure to visit the historic ruins of Convento do Carmo, check out the stunning views from Miradouro de São Pedro de Alcantara and visit Museu do Chiado (National Museum of Contemporary Art) with works from the second half of the 19th century.
Less than 6 miles from the airport, Chiado is very easy to reach by taxi or public transport, as it is served by several metro, bus, and tram lines.