Olivais Property Insights
The residential neighbourhood of Olivais is a family friendly district, nestled between the Lisbon International Airport and the contemporary district of Parque dos Nações. This laid back region has attracted residents since the early 1960’s and is still a thriving region in Lisbon. Home buyers are not only drawn to the property opportunities in Olivais, but to the community vibe that this district has created over the years.
Family homes and apartment buildings overlook a number of parks, nature paths and benches scattered throughout the charming district of Olivais. Owning an Olivais property gives new home owners the opportunity to immerse themselves, and their families, into a close-knit community lifestyle.
If house hunters are looking at buying property in an area that has very little traffic and almost no street noise, then a second home in Olivais is the perfect investment. Located to the north eastern part of Lisbon, residents living in an Olivais property have easy access to the city centre, neighbouring districts, as well as quick access to the 19km Vasco De Gama bridge. This is the only other bridge, aside from the Ponte 25 de Abril, that crosses over the Tagus river, leading traffic to the southern regions of the country.
If you’re looking for an Olivais real estate for sale, you might be interested in investing in an apartment. The average price for apartments are more than €2,840 per sq. meter, while a house will cost you an average of €3,900 per sq. meter. If you are more interested in investments, it will cost an average of €2,760 per sq. meter.
16. October 2018
Sale price distribution in Olivais
Sale price per sq.m. for each property price in Olivais
Public transport in and out of the Olivais district is plentiful, giving residents an easy trip into the rest of the city. The Olivais Metro Station is located in the middle of this quaint district, and has trains running into Lisbon and neighbouring districts every 30 minutes.
The Oriente train station in the neighbouring district of Parque dos Nações is a 5-minute drive away and has a daily set of trains running into the Algarve, Alentejo and Porto districts. Inter-region trains in Portugal are comfortable, affordable and provide untouched, beautiful, scenic views when travelling locally. There are also many local bus-routes in the area, which run in and out of Olivais, as well as into the surrounding districts, especially the Parque dos Nações region which is a bustling business district.
Owning property in the Olivais neighbourhood means that residents are an easy 5-minute drive away from the airport, yet still located in a quiet suburban district. Most traffic that passes through the area are from home owners in Olivais, as most of the busier highways and national roads go around this district, leading to no heavy traffic.
Olivais was once home to the rich farms and factories of powerful industrial pioneers, but it slowly grew into the family neighbourhood it is today, mostly thanks to its urbanization in the late sixties.
The plan around this urban build up was to construct wide sidewalks, narrow streets and homes overlooking all the nature in the area. As the years passed, interest in the Olivais neighbourhood grew, with many different homes going up in the region.
Property seekers will notice that apartments and houses are varied in the Olivais district, making the choice for home buyers a diverse one. With a combination of classic 60’s and contemporary apartment buildings, as well as larger, single and double story homes with yards, an Olivais property will have something suited to any families needs.
Why look at an Olivais Property?
The Olivais neighbourhood is not only home to a number of child orientated gardens and parks, but also boasts one of the biggest animal parks in the area. The Olivais Animal Park (Quinta Pedagogica dos Olivais) is a great location for locals with children of all ages. With yearly passes available to residents of Olivais, home buyers can let their kids explore the gardens, goats, chickens, buck and many other animals who call this park home.
The Parque dos Nações district is a 6-minute drive away, and was originally built up in 1998 for the Expo’98. This bordering region is home to the Lisbon Oceanarium, which is actually constructed on the ocean, and right across the street from The Lisbon Science Museum. Not only is this a spectacular science museum to visit, but they also host a number of monthly activities and workshops for children of all ages.
Just a 5 minute walk from the museum and oceanarium, you’ll find the Lisbon Cable Cars. With panoramic views of the city and Tagus river, residents get to take in the breath-taking views on the cable cars, jump out at the end of the ride and walk across the street to the Vasco de Gama Tower for more views.
Home owners with children are also very attracted to all the school options that are available in the Olivais vicinity. This family focused district has a number of school options for both local and international residents. There are around 4 Creche’s/Kindergarten’s, 3 local Primary and High Schools, all located within the Olivais district. In addition to these schools, there are also 2 International schools in neighbouring districts. The Astoria International School and The Queen Elizabeth – Foundation School, are both located in the neighbouring district of Teresinhas, which is a mere 12-minute drive away.
Families who are wanting to relocate with their children, often find that buying property in Olivais is a well suited fit for transitioning into the Lisbon lifestyle. Whether it be sea life, science experiments, history or adventure, owners of an Olivais property will always be in close proximity to these intriguing and educational amenities.
Close Enough and Far Enough
When buying an Olivais property, home owners are located close enough to all the amenities they could possibly want, yet still far enough from the action, to live peacefully. The Olivais district is ideally located in the sense that home owners get to experience ‘small town family life’, while only being a 5-minute drive away from a diverse range of entertainment and amenities
Families investing in property within the Olivais neighbourhood will have access to the shopping hub of the district, with the Spacio Shopping Centre located in the middle of this region. There are also a number of local fruit and veg markets located in close proximity, as well as the Feira International de Lisboa, which hosts a diverse range of different expositions, with everything from cars, technology and even Carnival celebrations.
When residents of the Olivais district are looking to break away from the suburban life, they’ll be a very convenient 10-minute drive away from the Lisbon Casino. Whether it be for a night of betting and winning, or a show at the local theatre on the premises. With the MEO Arena in a favourable distance from properties in Olivais, residents get to enjoy fast and easy access to a variety of famous international and local concerts. This includes the Rock in Rio Summer Festival which hosts over 15 international acts every summer.
The restaurant scene in the Olivais district ranges from a selection of great little pastry shops, where moms meet for coffee, and locals stop for a snack. Of course, there is also a selection of local Portuguese and international cuisine spots, boasting fresh, locally made, lunch and dinner options.
With a varied number of both public and private hospitals, clinics, dentists and other healthcare facilities in and around the Olivais district, healthcare is definitely a focus in this region. Homebuyers in the district can feel confident that they’ll have access to all kinds of healthcare facilities in the Olivais region, as well as the neighbouring districts.
With all points in play, the family friendly neighbourhood of Olivais is definitely a highly considerable area for acquiring property for any growing family, wanting to live in Lisbon. This is an especially welcoming district, if you and your family are looking to be conveniently located in a community-based neighbourhood, but still be close to all the action and life Lisbon has to offer.
Hero Picture by Nicholas Nova via Flickr