On the banks of the Tagus River, a former industrial zone is now the design district of Lisbon. The hipster-chic vibe of Santos has been attractive to art enthusiasts, architects and designers whilst the riverside neighbourhood has evolved into the home of many galleries, co-working spaces and Lisbon’s leading design colleges. The trendy Santos is also a neighbourhood of old mansions where renovated properties for sale benefit from its close proximity to Cais do Sodré transportation hub as well as from some of the best bars and clubs in Lisbon. Santos is constantly evolving and has some excellent properties for sale, perfect for young professionals or as investment opportunities. Let our team of Lisbon property experts guide you through the most desirable apartments for sale in Santos.
The streets of Santos bustle with creativity and commerce during the day and then trendy bars and open up during the evening. With a number of high profile commercial enterprises and startups moving to the area, it is a particular hotspot for young professionals and international investors looking for refurbished Santos properties for sale. Modern, yet traditional, the Esperança 120 building dates back to 1721 and comprises nine apartments for sale ranging from a studio through to two-bedroom duplex penthouses, offering the highest standards of contemporary comfort. Alternatively, Ribeira 11 is a former warehouse that has been completely refurbished and transformed into a collection of bright and spacious apartments with modern composition and high-end finishes throughout, perfect as an attractive home or rental investment.
The riverside Santos is a unique neighbourhood where tradition and modernity sit side-by-side. In recent years, the shabby-chic area has stepped into the spotlight as Lisbon’s epicenter of cool, and art is playing a pivotal part in the city’s regeneration story. The versatility of the neighbourhood makes it one of the most popular and marketable areas of Lisbon and its emergence on the residential property scene is also recent, offering a combination of old-world charm and forward-thinking new builds. With an average price of €5,900 per sqm, these Lisbon apartments for sale are well-priced for Santos, given their noble history and unique architecture. In addition, they are all eligible for the Portuguese Golden Visa Programme and the tax benefits from the Non-Habitual Residents Programme, making a property in Santos a great option for buy-to-let and both short and long-term rentals.
There is significant investment potential in Santos as big enterprises continue to set up shop in the area, bringing with them more residents. It is among the most ‘in vogue’ in terms of real estate in Lisbon at the moment. Over the past few years, we have seen prices rise 40-50% with the on-going arrival of enterprises. With the commercial property market thriving, new businesses are following suit to cater to the growing demand for good restaurants and cafés. The rental market is very lucrative, as it is favoured by young professionals looking for a short commute to work and tourists seeking a central location, buzzing atmosphere and river views.
As a former industrial area, the old warehouses that constituted the Port of Lisbon were restored in 1995 into Santo Amaro Docks, one of the liveliest areas of Lisbon with restaurants, bars and the trendiest nightclubs. It also has a marina and a bike path that runs from Parque das Nações and ends in Belém. While the popular Mercado da Ribeira Time Out Market offers some of the best gourmet restaurants, international restaurants are always emerging in this area. You can also find traditional Portuguese cuisine or excellent vegan restaurants such as, O Botanista. In the design district you will find stores such as Paris-Sete, AR Interiors, Re-Use, Roche Bobois, as well as galleries, museums and spaces for artists’ cooperatives.