ALFAMA DESTINATION GUIDE

INVESTMENT POTENTIAL

Alfama is a neighbourhood that has undergone significant gentrification and redevelopment in recent years, making it a popular destination for tourists and investors.

Its prime location, beautiful architecture, and growing popularity make it an attractive area for property investment, whilst the limited space for developments means the area is not overwhelmed with new projects. Furthermore, Alfama has potential for high rental income either on the short or mid-term market, as well as long-term capital appreciation.

HISTORY

Alfama is one of the oldest and most historic neighborhoods in Lisbon, Portugal. Its origins date back to the time of the Moors, who occupied Lisbon until the 12th century. During this period, Alfama was an important commercial and residential center, and its narrow streets and alleys were designed to provide shade and shelter from the sun.

In the 18th century, a devastating earthquake and subsequent tsunami destroyed much of Alfama, but the neighborhood was rebuilt over time. In the 20th century, Alfama saw significant urban renewal and restoration, as well as increased tourism.

Today, Alfama is a bustling neighbourhood with a strong sense of community and a unique character. It is known for its lively fado music scene, winding streets, stunning views of the city, and traditional architecture.