Set West-Side of Lisbon’s historic centre Alcântara is defined by its proximity to the 25 de Abril suspension Bridge, which frames the neighbourhood with its impressive red steel arches.
Built-in 1966 and often compared with San Francisco’s Golden Gate bridge, the 25 de Abril provides the city’s main escape across to the golden surf beaches of the Caparica coast. This makes the neighbourhood a favourite amongst families, nature lovers and surfers, who can hop to the beach in under 20 minutes before a day at their desk.
Traditionally a quiet, middle-class suburb, over the past decade Alcântara has undergone a creative revolution, ignited by the LX Factory, a vast fabric factory dating back to 1846 that has been transformed into a vibrant hive of over 200 creative studios, shops and restaurants since it opened in 2008. Just a few blocks away, you’ll find collective co-working and dynamic live music venue Village Underground, while a number of museums, such as the recently opened Museu Berardo de Art Nouveau & Art Déco and the Museu da Carris, provide an extra cultural draw.
Communal spaces such as these offer great incentives for creatives, entrepreneurs and digital nomads, who value having some of the city’s leading and most affordable coworking and office spaces just a short stroll from home. And once the day is wrapped up? There are runs along the river towards Belém, strolls in the Tapada das Necessidades park or sunset drinks overlooking the river on the promenade.
Invest a neighbourhood on the rise
Up-and-coming Alcântara is a popular riverside neighbourhood which is well known for the LX Factory, a creative space occupied by trendy restaurants and bars, design boutiques and co-working spaces. Property for sale in Alcântara is perfect for those seeking a home in a dynamic neighbourhood with potential for capital appreciation.
“Whilst offering more competitive prices than the city centre, Alcântara is on the rise with property prices steadily increasing. Plus, the new CUF hospital will be a great source of rental tenants with medics seeking accommodation nearby.”
David Moura-George, Managing Director, Portugal & Real Estate Specialist
Get to know Alcântara
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Our team of property experts have found the very best apartments and houses for sale in Alcântara, Lisbon. With a modern-minded approach we apply to everything we do.
Apartments for sale in Alcântara tend to be spacious, defined by modernist upgrades, high-ceilings and loft-like conversions that can feel more like Brooklyn than Lisbon. Rental potential is strong and consistent, as this area continues to gain in popularity. While property prices have risen in line with Lisbon’s recent boom, there is the sense that the neighbourhood still has a lot more to develop. For investors looking for entire buildings to buy, Alcantara is a neighbourhood of interest.
The property market in Alcântara
Alcântara is a neighbourhood where the quality of life rates highly; it’s easy to park, you are within walking distance of some of Lisbon’s top international schools, and services, including the brand-spanking-new CUF private hospital, supermarkets and clinics, are plentiful and easily accessible. Residents also value the proximity to the Monsanto forest, accessing the up-market beaches of Estoril and Cascais by direct train from Alcântara-Mar, and the speedy 15-minute tram or bus ride into Lisbon’s historic centre. While a neighbourhood metro station is still in planning phases, Alcântara benefits from being on the train line that runs between Cascais and Lisbon’s central Cais do Sodré. Roads are predominantly wide and flat, making it a good option for young families with push-chairs.
Things to do
Stroll through LX Factory, stopping to browse at bookstore Ler Devagar, eat the city’s best chocolate cake at Landeau, shop for artisanally crafted souvenirs and toast sunset at rooftop bar Rio Maravilha.
Enjoy a meal at O Ultimo Porto. Set right on the water and only open for lunch Monday-Saturday, this is one of the best places for grilled fish in town with honest prices and a view over the water.
Relocating to Lisbon.
From understanding healthcare to find the best schools, take a look at our complete guide to moving to Lisbon.
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Managing Director, Portugal
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