Principe Real - Lisbon
€503,880 - €580,360
In sought-after Príncipe Real, steps away from the São Pedro de Alcântara miradouro, a former print house is being transformed into a collection of 11 modern apartments. Whilst these Lisbon apartments for sale are located on a quiet street, the dynamic Avenida da Liberdade, one of Europe’s most famous premium shopping streets, is just four minutes’ walk away. A selection of restaurants and Restauradores square and metro station can be found steps away too.
Fusing historic charm with modern comfort, these apartments for sale in Lisbon are located in a period building equipped with a lift. The original facade will be carefully restored whilst the interiors will be finished in a contemporary style with optimised layouts and large windows to make the most of the natural light. The apartments come with fully equipped kitchens and bathrooms and exterior space in the form of a balcony, terrace or garden.
Thanks to their central yet calm location, these apartments are perfect for those who want to relocate to Lisbon or are looking for a well-placed pied-à-terre to enjoy city breaks in.
With an average of €6,000 per sqm, these apartments for sale in Príncipe Real are very well-priced for this neighbourhood as prices here typically range from €7,000 to €10,000 per sqm. In addition, future owners will also have the opportunity to generate gross rental yields of up to 5% if they decide to rent out their apartment on a long-term basis.
There is also strong potential for capital appreciation too as property prices for similar renovated apartments in the nearby area rose by 25% between 2017 and 2020 (Confidencial Imobiliário).
Located in the historical centre, Príncipe Real is one of the most sought-after neighbourhoods in the city and is famed for its charismatic and vibrant atmosphere. Príncipe Real, named in honour Queen Maria II’s firstborn, is an interesting mix of residential areas, boutique shops and some of the best restaurants in the capital. It is in this neighbourhood that you will find some of Lisbon’s best attractions such as the lush Botanical Garden of Lisbon, the São Pedro de Alcântara viewpoint and the National Museum of Natural history and Science.
Considered by Lisboetas to be amongst Lisbon’s loveliest neighbourhoods, Príncipe Real is named in homage to Queen Maria II's firstborn “Royal Prince”. Calm and elegant, this neighbourhood offers a more peaceful alternative to Bairro Alto, its charmingly boisterous neighbour. Set on the pinnacle of one of Lisbon’s seven hills, Príncipe Real slop...