Getting to know Estrela
The city of Lisbon is renowned for the seven hills that mark seven vantage points. Estrela real estate is amongst them. With pastel lined properties and Lisbon’s most beautiful examples of azulejos (tiles), investing in an Estrela property is a good opportunity to live in one of Lisbon’s most sought after neighbourhoods. Apartments for sale in the Estrela area since the merge of Lapa, Santos O Velho and Prazeres welcomed international residents into it’s community. Already highly regarded as affluent and upper class, it is easy to see why Estrela properties are rapidly being sold.
The area of Estrela is very popular and the prices tend to be a bit higher here. The average price per sq. meter for an apartment in Estrela is €4600 and for houses it’s €5900 per sq. meter. If you’re looking for investments then the average price is €3800 per sq. meter.
20. July 2018
Sale price distribution in Estrela
Sale price per sq.m. for each property price in Estrela
Investing in an Estrela Property
The majority of Estrela apartments are from the 18th century built for noble families and aristocrats, decorative with high ceilings and beautifully restored. Also sharing the neighbourhood with many embassies and consulates, our Estrela real estate is nestled in a safe and calm area.
Estrela real estate is a dream location for start up companies or home offices. Estrela properties for sale are located within minutes of numerous points of interest, such as the River Tejo and the unspoilt beaches on the train line of Cascais. Having an Estrela property will give you access to the 25 de Abril Bridge, connecting Lisbon to Costa da Caparica and local village Setubal for day trips and holidays.
Apartments for sale in Estrela are currently experiencing a large increase in value, and look intent on continuing to rise. The Lisbon metropolitan for the zone will be built by 2020, only adding more value to property for sale in Estrela.
In Estrela you will find widely available amenities including pharmacies, and there are several good sized supermarkets open 7 days a week. Although Estrela property is alluring as a beautiful village in it’s own right, the surrounding neighbourhoods should not be ignored! From the cake shops of Fig tree Place (Praca Figueira), the historical literary centre in Baixa– Chiado and the iconic Santa Justa Elevator, there is much to be admired.
To connect Avenida Liberdade to Estrela, there are various modes of transport. Most importantly the tram (electrico), which is a 15 minute ride through some of the oldest specialty boutiques downtown.
While the centre is easily in reach, the closest of neighbourhoods to Estrela properties is Sao Bento and Principe Real, location of the organic produce market each Saturday. These areas are nestled between the centre and Estrela, offerring an eclectic and exciting array of local culture and cuisine.
At the last stop of tram 28, tucked away in the heart of the neighbourhood is Basilica da Estrela, deemed one of Europe’s most beautiful Baroque churches. This is a major draw card and for all our Estrela properties they are in close proximity to the popular meeting point, Jardim da Estrela. A park for picnickers, summer jazz in the park and local designers market.
Estrela boasts some of the most beautiful museums in the city, including some of the following: Foundation Amalia Rodrigues, Puppet Museum, Antique Art Museum, Orient Museum, Geology Museum.
Boasting an international school in proximity, private schools, and a selection of public Portuguese kindergartens and primary schools.
Estrela is also known as Lisbon’s design district where you can find a design and architecture college, showrooms and galleries. Home to many artists and creative agencies, Estrela holds a unique set of cards, being both a residential dream and a colourful place for visitors.
Estrela is at the forefront of community projects and provides an interactive app for alerts about roadworks, and to advise of maintenance and transport issues respectively. You have trains from Santos that goes to Cascais, which is a popular beach town and is perfect for a day trip. There is also easy access to the Hospital CUF Infante Santo, police stations and renowned universities. There are also dog parks in close proximity.
There’s many reasons why you should consider becoming an Estrela property owner. The area itself offers many sights and is close to the downtown area, which makes this a very popular place to live in. Are you interested in becoming an Estrela property owner? Have a look at Casafari’s database.