ABOUT THE LOCATION
One of the most affluent areas in Lisbon, the tree-studded streets of Lapa are lined with foreign embassies, palaces, grand mansions and charming gardens. It is easy to see why it is one of the most desirable addresses in Lisbon.
With a wide selection of restaurants, boutique stores, cafes, museums and cultural attractions, there is plenty to enjoy and a vast range of stunning properties for sale in Lapa. If you wish to explore further afield, the city centre, the bohemian neighbourhood of Santos and artsy Alcântara are all nearby.
INVESTMENT POTENTIAL
Being home to Lisbon’s aristocratic elite has always provided the area with strong international demand for high-end properties. Perfect for families, this friendly neighbourhood has plenty of good schools, universities and many interesting lifestyle opportunities.
To use as your primary residence or as a property investment, the average price for a high-specification, recently refurbished apartment is between €5,500 per sqm to €8,000 per sqm. The rental demand for high-end properties that would appeal to international clients is high with short-term and long-term rental yields of up to 5.5%.
PEACEFUL YET CENTRAL
ADVISERS’ OPINION
Lapa’s way of life shows little sign of changing, and as such, you can expect long-term property value security. It remains one of the city’s most in-demand neighbourhoods for those in search of peace, refinement and high-quality real estate.
WHY TO BUY
- Affluent residential neighbourhood
- Peaceful atmosphere
- Lots of green spaces nearby
- Short walk to the river
- Close to excellent international schools
KNOW BEFORE YOU GO
- Tram line 25E
- Pretty neighbourhood with historic buildings
- Stone's throw from Jardim da Estrela
- Part of Estrela parish
- Official residence of the prime minister
INFRASTRUCTURE DEVELOPMENT
Lapa is a historic and upscale neighbourhood, located in the heart of Lisbon, known for its elegant mansions, gardens, and embassies. In recent years, there has been some infrastructure development in the area, including the renovation of historic buildings and the creation of new cultural and commercial spaces.
One notable project is the rehabilitation of the former Military College, which is now a luxury hotel and cultural centre. The neighbourhood is well-connected to the rest of the city, with good public transportation options and easy access to major roads and highways.
HISTORY
Lapa is a neighbourhood in Lisbon that has a long and rich history. During the 16th century, it was home to the palaces and estates of nobles and wealthy merchants. In the 19th century, it became a popular residential area for the Portuguese aristocracy and bourgeoisie.
In the early 20th century, Lapa continued to attract the elite of Lisbon society, and many embassies and diplomatic residences were established in the neighbourhood.
Today, Lapa is known for its elegant architecture, cultural institutions, and high-end residential properties, making it one of the most prestigious neighbourhoods in Lisbon.
THE AREA TODAY
Since Lapa is very close to Estrela, the Jardim da Estrela park is one of the must-visits. The imposing Basilica da Estrela is a famous Catholic temple that stands out for its beauty and marks the meeting point for many groups, right in front of Jardim da Estrela. Lunch at La Boulangerie, a charming French-style patisserie that echoes the relaxed atmosphere of a Parisian café and be sure to finish with the wonderful Italian gelato Nannarella.
In addition, this area is close to other top gastronomic recommendations such as the Australian Fusion, Downunder; the vegetarian, Dede’s; and the awarded-winning, LOCO. For a good view of the Tagus River, enjoy a sunset from Le Chat, a beautiful rooftop bar housed within a glass rectangle.
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Nestled between trendy Santos and Campo de Ourique, where you'll find ssme of the city's best schools, it's easy to see why Lapa is so popular with families.
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