Avenidas Novas Property Market: Key Facts and Figures
An Avenidas Novas property will give you value for your money. It is a highly valued area with many advantages, such as beautiful green spaces, quality services, and high-end shopping possibilities. It is also known as a safe and calm area. In terms of architecture Avenidas Novas properties represent principally the Portuguese art nouveau style, with many of its buildings dating from the first half of the 20th century. The apartments are typically spacious and luminous.
The area is located north from the Lisbon downtown: as the city grew, this is where the wealthier families moved to from the densely populated city centre or other parts of the country.
Avenidas Novas property prices costs an average of €4,700 euros per sq. meter for apartments and €3,600 per sq. meter for investments.
16. October 2018
Sale price distribution in Avenidas Novas
Sale price per sq.m. for each property price in Avenidas Novas
The international interest towards Avenidas Novas as well as other Lisbon areas has grown in the past years. This is due to a tax benefit program called NHR (non habitual residence) that attracts Europeans, namely French, Swedish, Belgian, and now a growing number of German nationals. The non-EU citizens can gain a Golden Visa by investing at least 500.000 euros in property.
Advantages of Living in an Avenidas Novas Property
Avenidas Novas offers the best of Lisbon in many senses. It has many of the most beautiful avenues of the city. The area is well connected with good access to the airport and is safe too: there is a police station in the neighbouring area of São Domingos de Benfica. The Curry Cabral hospital is located in Avenidas Novas. There are various health centres.
Avenidas Novas is a good option for families. For example, the Astoria International School is less than 10 minutes drive away. There are also many green spaces. One of them is the Gulbenkian garden, surrounding Calouste Gulbenkian Museum. The museum itself hosts a vast art collection and there is a concert hall offering interesting concerts from contemporary music to jazz and classical music.
Lisbon’s El Corte Inglés department store with a movie theatre is located in this neighbourhood. It is known for high quality offer in terms of clothing, technology, cosmetics, and groceries. There is another shopping centre with a cinema and a modern food court in Campo Pequeno. Campo Pequeno is also known as a concert venue, attracting local and international stars. There are shops dedicated to organic products in Avenidas Novas too.
The most charming café in the Avenidas Novas area is Versailles. Opened in 1922, it maintains much of the original features and – of course – has an excellent selection of traditional pastry.
Cultural and Culinary Experiences in Central Lisbon
One of the principal advantages of living in an Avenidas Novas property is the neighbourhood’s location. While it is in the central Lisbon area, it is less busy than the Lisbon downtown area Baixa and its neighbouring Chiado.
Avenidas Novas neighbourhood is very close to the best areas of Lisbon, namely the area of Avenida de Liberdade and Eduardo VII park. Avenida de Liberdade avenue is known for its upscale clothing stores representing many international brands.
There are also stylish restaurants and cocktail bars on and nearby the avenue. The beautiful park Eduardo VII is popular among joggers and families. It is also the home of Eleven, one of Lisbon’s top restaurants, distinguished with a Michelin star and famous for top-notch Mediterranean cuisine.
There are two other Michelin-star restaurants within a short distance from Avenidas Novas. Both José Avillez’ Belcanto, with two Michelin stars, and Henrique Sá Pessoa’s Alma are located in Chiado neighbourhood.
In terms of culture, Lisbon is very lively too. There are excellent fado restaurants both in Alfama and Bairro Alto, while jazz fans should head to ‘Hot Clube de Portugal’ close to Avenidas Novas area. It has existed since the 1940s and is known as the best jazz bar in town. Among the most interesting museums with changing exhibitions in central Lisbon are ‘MUDE’, dedicated to design and fashion, and the ‘National Museum of Contemporary Art’ in Chiado.
Lisbon, being one of the sunniest cities in Europe, is also close to many beaches. Whether you enjoy surfing or sunbathing, there are many options in the direction of Cascais or in Caparica Coast across the Tejo river. Those who enjoy playing golf can visit the golf courses close to Sintra and Cascais. The closest golf course is located in Lumiar, less than 10 kilometres away from Avenidas Novas.
Lisbon’s lively centre with its restaurants, museums and music venues is just a few minutes away. Avenidas Novas is an excellent option for those who enjoy living in spacious and stylish apartments in a calm neighbourhood with high quality selection of shops, green spaces and cultural activities.
Hero Picture by Pedro Ribeiro Simoes via Flickr