Alvalade Property Market Insights
If you are you seeking a home in a calm traditional Lisbon neighbourhood close to the city centre, an Alvalade property might well be your choice.
Built mostly in the 1940s and later, Alvalade maintains the charm of a local neighbourhood, but it is also modern both in terms of property and amenities with beautiful avenues, nice small shops and typical Portuguese cafés. Moreover, Alvalade has more green spaces than the average Lisbon neighbourhoods. The international interest towards Lisbon can also be sensed in Alvalade through its growing cosmopolitan vibe.
The average price of an Alvalade apartments is €4,000 per sq. meter. The average prices of a house is €4,400 per sq. meter and for investments the price per per sq. meter is around €2,400.
Why an Alvalade Property?
Alvalade offers everything one needs for a comfortable quality of life: services, parks, cafés and good connections to other parts of Lisbon. There are two notable parks in the area: the urban Campo Grande park and José Gomes Ferreira park, known by locals as Mata de Alvalade.
Quality also extends to Alvalade apartments; as a relatively new neighbourhood, the buildings are modern and spacious in comparison to the older parts of Lisbon, such as Mouraria and Bairro Alto. You can find, according to your needs, a villa with a beautiful garden or an apartment in a modern, stylish block of flats. There are also small blocks of apartments built just a few decades ago.
In terms of healthcare Alvalade is also well positioned as there are hospitals within the neighbourhood and nearby. Alvalade is known as a safe and calm neighbourhood, serviced by a police station in the area, and it is an attractive option for families with children too. The Astoria International School, with nursery, is right behind the corner, about two kilometres away. There are also four universities nearby.
Alvalade suits joggers’ and cyclists’ needs too: the Campo Grande park is great for both, and has pleasant cafés if you need to stop for a refreshment. The expansive José Gomes Ferreira park is excellent for sports, but it is also a popular spot for summer picnics and family gatherings. It also has a popular café and playgrounds for the younger visitors.
The closest tennis court is located in Eduardo VII park, less than four kilometres away. Playing golf is possible in Lumiar, around six kilometres away.
There is a good range of quality restaurants for those interested in an Alvalade property, such as perhaps one of the most popular Japanese restaurants in town, Sakura, and legendary O Mattos, which serves excellent traditional Portuguese food. Espresso lovers and those with a sweet tooth will most probably become regulars in Pau de Canela or Confeitaria Lisboa, both known for their delicious pastries.
Those who enjoy cooking will appreciate Alvalade’s Market Hall, which is one of the best places in Lisbon to buy fresh fruits, vegetables, fish and dairy products.
Fado, fun and sunshine
At night, Alvalade is a calm and tranquil area: most of the cafés and restaurants close their doors after dinner, and while that certainly makes for a safe and peaceful atmosphere, those willing to enjoy a cocktail can head downtown to Lisbon city centre, just a few minutes drive away.
Avenida de Liberdade, the most beautiful avenue in Lisbon, hosts some of the coolest cocktail bars in the city. Red Frog, a cocktail bar named one of the best in the world, offers an excellent choice of fascinating drinks. The older parts of Lisbon, Mouraria and Alfama, are the best areas for listening to some fado. Maria de Mouraria is a treat for those that want to enjoy an excellent meal while listening to renowned fado artists.
The closest Michelin-starred restaurant is located in Eduardo VII park, a mere few kilometres away from Alvalade; Eleven is the creation of chef Joachim Koerper’s, known for excellent Mediterranean cuisine. It is located in a beautiful building with memorable views over the park and towards the Tagus.
Avenida de Liberdade is superior for a designer shopping experience, be it clothes, shoes or bags; but Central Lisbon is also great for shopping and culture. For design, head to Santos area and its interesting boutiques, while one of the most interesting streets in Lisbon is Rua do Poço dos Negros with its stylish cafés and fascinating shops selling design objects, delicacies and tea. During sunny days — of which Lisbon, one of the sunniest cities in Europe, has many — there are many excellent beaches nearby.
Those looking to buy top quality property in a safe, peaceful and typically Portuguese neighbourhood with a welcoming atmosphere might well find Alvalade as an ideal investment.