Descending from nearby Chiado via the Elevador de Santa Justa, Baixa unfolds in a rectilinear street grid down towards the riverfront. It is a busy commercial hub with pedestrianised mosaic walkways and is home to trendy stores, boutique shops and interesting properties for sale. Rua Augusta, one of Baixa’s main attractions, is to Lisbon what Covent Garden is to London. Baixa’s central location and excellent transport links make it one of the best-connected neighbourhoods in the city. Explore our handpicked portfolio of apartments for sale in Baixa or contact a member of the team who will happily share more details about the properties or help you take advantage of the tax incentive initiatives.
US Edition: Investing in Lisbon
Join us for this special webinar where we'll look at the investment process for US investors and hold a live Q&A to answer any questions.
Thursday 24 June, at 12pm EST, 5pm Lisbon time.
Buying a Property in Baixa with Alice Autran Garcia, Athena Advisers.
The word, ‘Baixa’ in Portuguese means ‘low’. This is an apt name for this neighbourhood as it’s the only part of Lisbon that is totally flat. It was rebuilt after the devastating earthquake in 1755, and unlike a lot of Lisbon, Baixa is organised in a grid, connected by a series of squares where imposing neo-classical buildings tell of an age of prosperity and power.
To this day, Baixa remains Lisbon’s bustling area of commerce, but it hasn’t lost its connection to its heritage, to Old World Lisbon. Stroll along the charming streets of Baixa and you’ll still find the same families specialising in artisan trades, passed down from generations. For those who take the time to explore Baixa, you can find little pockets of magic that are a world away from the touristy vibe.
Although during the day it is bustling with activity, at night time, it is a lot calmer. Don’t forget to take a ride in the beautiful Santa Justa elevator and have a look at the spectacular view.
One of the reasons travellers, and locals alike, love Baixa is that it is one the only parts of city where you have pure, unadulterated access to the river. It is an ideal spot to stop and soak up the sun whilst still in the centre of the city.
You can think of Baixa like the central point where the historic centre converges, connecting Chiado, Alfama and the Avendidas da Liberdade with the Tagus River. Taking all of this into account, Baixa is a fantastic area for investing in properties for short-term rentals and second homes and can be considered the beating heart of the capital. Enjoy!
The trendy downtown neighbourhood of Baixa is home to some fantastic newly-built apartments with high-end finishes and contemporary features – a good example is Padaria, recently renovated, located just by the water and all ready to move in. Our carefully curated portfolio of properties for sale in Baixa also includes the Bacalhoeiros building recently renovated, with modern features and carefully preserved façade with beautiful Portuguese azulejos. This property comprises a spacious living and dining area as well as two double bedrooms. The master bedroom benefits from an en-suite bathroom whilst the other has a charming balcony. All the properties enjoy plenty of natural light, lifts and stylish and elegant interior design.
One of the advantages of buying an apartment in Baixa is that it grants investors immediate access to Portugal’s Golden Visa programme. Amongst other benefits, a Golden Visa enables easy travel throughout the Schengen area and paves the way to Portuguese citizenship. Nowadays, the vast majority of buildings in Baixa are home to banks and offices, and has more recently been reborn as a commercial and tourist area. Whilst short-term rents are heavily restricted in Baixa, properties in this neighbourhood can be rented out on a long-term basis and have an estimated annual yield of 3.7%. Baixa is the neighbourhood where you have everything at your disposal while experiencing a truly Lisbon lifestyle, from traditional Portuguese restaurants on your doorstep to the lovely promenade by the banks of the Tagus River.
Prices in Baixa have risen significantly in recent years, driven by its lower entry point – prices start at €7,000 per sqm for luxury new builds and can fetch up to €10,000. While predominantly a commercial, rather than residential area, it’s a strong market for short-term rental investments and is in the process of applying for Unesco World Heritage status, which would help to drive its value even further.
Starting by the river, take a stroll around Praça do Comércio, a wide square where many celebrations are held. To the north of the square, the pedestrian Rua Augusta opens up and is alive with outdoor cafés, tiled Art Deco shop-fronts, terraced restaurants and street artists, highlighted by the huge Arco da Rua Augusta (and visitors can climb to the top of the arch!). In Baixa, each street has its own distinct charm. Rua das Portas de Santo Antão is a lively pedestrian street known for its seafood restaurants. Nearby, at Rua de Santa Justa, there is the Elevador de Santa Justa, built-in 1902 by an Eiffel disciple. The 32-meter elevator takes you to a floor with superb views over the city and the exit to Bairro Alto. Rossio, at the north end of Baixa, is the oldest square in Lisbon and remains a pleasure to stroll through – make sure to drink a small glass of Ginja, a local cherry liquor, at the Ginjinha bar.