Buying a Property in Avenidas Novas with Alice Autran Garcia, Athena Advisers.

This area, one of the most recent regions to be developed in the heart of Lisbon is very aptly named. Welcome to Avenidas Novas, which translates literally into ‘new avenues’, one of the few places in the city that perfectly merges the history and evolution of three centuries of architecture. Here, modern glass and steel buildings sit side-by-side with grand palaces and art nouveau or art deco constructions along flat, wide, tree-lined avenues. Many of these beautiful buildings have been converted into properties for sale in Avenidas Novas.

The whole region has developed very harmoniously with lots of green areas and plenty of space for circulation to be comfortable both for vehicles and pedestrians. Residential area par excellence, this is an ideal neighbourhood for families with children, not only due to the numerous gardens and playgrounds, but also the convenience of having all sorts of stores and services within walking distance. At the same time, the neighbourhood is home to the city’s most active business centre and is choc-full of suits at lunch hour.

The region is also home to two of Lisbon’s most coveted spots, adored by both residents and visitors. The giant department store, El Corte Inglés, with its ultra-modern movie theatre and incredible gourmet space with delicacies from all around the world, and the Calouste Gulbenkian Museum, which stages some of the best exhibitions and cultural events in the country, and is home to one of the most beautiful gardens in the city.

Due to its flat streets, Avenidas Novas has the most extensive and well-connected bicycle lanes in town and a very efficient system of shared electric bikes. It’s a good example of how the Portuguese capital has been investing heavily in structural transport reforms to make it increasingly attractive to investors in search of a great quality of life.

These new initiatives change the way people move and the real estate market has been attentive and responsive to these changes and to the demand created by them. Discerning clients from all over the world are now choosing apartments for sale in Avenida Novas as their home.

Without a doubt, Avenida Novas is the reflection of today’s Lisbon – colourful and cosmopolitan, international and diverse. What’s not to love?!

With a cluster of the city’s top universities located in Avenidas Novas, investing in property in this neighbourhood is an attractive investment for families looking to put down long-term roots, or capitalise on long-term rental options for locals or expats. While property for sale in Avenidas Novas remains towards the upper end of the market with prices ranging from €6,000 per sqm and €10,000 per sqm, prices are driven by value rather than hype. You will find more spacious apartments with multiple bedrooms and living rooms and high ceilings for a much smaller budget compared to properties in the nearby neighbourhoods of Chiado and Baixa. With an office in central Lisbon, our property experts believe that buying property in Avenidas Novas offers a similar quality of life and prestige as properties on Avenida Liberdade, but at a lower price point. Despite its prime location, Avenidas Novas has yet to be discovered by international clients, which makes it an attractive place to invest in right now.

Set in a central area, on a quiet residential street and close to Avenida da Liberdade, properties for sale in Avenidas Novas afford an excellent opportunity for those looking for a primary residence, second home or to take advantage of the long-term rental market. Apartments in Avenidas Novas represent an attractive investment opportunity with estimated long-term rental yields of up to 7%. In addition, our handpicked portfolio of apartments for sale have an average of €7,560 per sqm, well-priced when compared to other properties in the area which can go up to €10,000 per sqm. All these apartments offer strong potential for capital gain and are eligible for the renowned Portuguese Golden Visa programme which grants EU residency to investors and their immediate family and after five years will have the opportunity to apply for full Portuguese (EU) citizenship.

Home to an eclectic mix of baroque palaces, high-end hotels and modern buildings, Avenidas Novas has lots of attractions nearby, including the popular El Corte Ingles; the Gulbenkian Park and Museum, which is just a few steps away from the prestigious Avenida da Liberdade; and Eduardo VII Park. If you enjoy the botanical world, Estufa Fria is a must-see with its authentic plant museum where visitors are able to experience more than 300 botanical species. The neighbourhood is also home to Lisbon’s premier fresh fish market, Mercado 31 de Janeiro, easily recognized by its colourful Portuguese-style tiles. The neighbourhood offers many general services, bars and restaurants. Residents can enjoy traditional Portuguese food and drink around the neighbourhood – perfect for catching up with friends to celebrate the end of a busy day.