At the southern end of Campo de Ourique, rises the noble and elegant Estrela where life revolves around the Jardim de Estrela, a tree-filled parkland and often considered one of Lisbon’s loveliest corners. Its cool and youthful atmosphere has blossomed in recent years, becoming one of the favoured residences for Lisbon’s affluent locals and a peaceful area perfect for families. Estrela is a neighbourhood with good schools, wide streets lined with neoclassical mansions, art-galleries and antique shops, while a handful of innovative developments hint at the property boom spreading through Lisbon’s historic centre. Its quiet streets are something of a well-kept secret and Athena Advisers offers a handpicked collection of some of the finest properties for sale in Estrela. With a local office in central Lisbon, we are well-placed to help you with any Estrela property enquiries you may have.
Estrela is one of the most desirable neighbourhoods in Lisbon, with large and perfectly preserved old houses or palaces such as the recently renovated Saraiva de Carvalho penthouse. This two-bedroom apartment was renovated by an award-winning architect to meet the highest standards of modern living whilst preserving the unique architectural details. Other properties maintain the high-quality finishes whilst offering city views such as the two-bedroom apartment, Santo Ildefonso, which includes covered parking.
A key factor that makes Estrela so popular with families is the large number of good schools within walking distance. French expats gravitate here because of the Lycée Français Charles Lepierre, one of the best French schools in Lisbon. The good array of shops, bars and restaurants within walking distance make the neighbourhood even more attractive to families or international investors who can benefit from the Non-Habitual Residents Programme. The properties are just a short stroll away from the prestigious Avenida da Liberdade and the trendy Principe Real. Estrela is a charming residential neighbourhood, home to the Portuguese parliament and to a high-quality portfolio of renovated buildings where all residences feature modern interiors with high-end finishes. One of the advantages of buying a property in Estrela is that it grants international investors immediate access to the Portuguese Golden Visa programme allowing investors to apply for Portuguese residency for themselves and qualifying family members.
Estrela is a noble area, away from the tourist districts but within easy access of the city centre. This highly desirable location offers a more laid-back way of life whilst still being close to the city’s main avenues and attractions. For high-quality apartments for sale in Estrela, you will be looking to pay €5,500 per sqm to €8,000 per sqm, and investments here are expected to increase in value as interests spread and the large numbers of foreigners moving to the city catch on to what a wonderful neighbourhood Estrela is to live and raise a family. Thanks to its quiet location and proximity to essential services and amenities, all the properties in our carefully curated portfolio are expected to perform well on the long-term rental market, with estimated yields of up to 4%.
Inspired by English romantic gardens, Jardim da Estrela was built to provide a green open space where people are able to relax, have a picnic or spend an afternoon watching the world go by. The gardens stretch along the only flat part of the neighbourhood, while the surrounding streets slope down towards the River Tejo and the up-and-coming neighbourhood of Alcantara and hip design district, Santos. The imposing Basilica da Estrela is a famous Catholic temple that stands out for its beauty and marks the meeting point of many groups, right in front of Jardim da Estrela.