Updated: October 12, 2026

 

view of the patio in Alcantara, Lisbon
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PRIORE XXI transforms a historic Pombaline building in Lisbon’s Alcântara district into modernized homes, just moments from the Tagus River.

This new residential development is a combination of traditional Lisbon architecture and contemporary interior design with a completion date scheduled for 2027.

The future development in Lisbon’s riverside area is in a rapidly developing residential zone that can appeal to buyers who want a permanent residence, investment, or holiday home in the Portuguese capital. Here’s all you need to know.

Rehabilitated Pombaline Building in Alcântara Brings New Villa Apartments to Lisbon

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Located on Rua Prior do Crato, PRIORE XXI is a residential development in Alcântara, Lisbon. With a collection of Villa Apartments, this project rehabilitates a historic building by preserving its Pombaline architectural heritage and adding modern interiors.

This real estate project in Lisbon has an urban design with open-plan layouts, bright interior, and modernized functional spaces. There is direct access to an outdoor space, which makes the home feel larger and more inviting.

A reinterpretation of a traditional Lisbon villa, the project uses technological and constructive solutions with energy efficient systems, high-performance materials, and modern kitchens. It’s a contemporary home in a once industrial neighborhood.

The PRIORE XXI Villa Apartments sit within a €377,000 – €877,000 price range with a scheduled completion date for 2027.

From an investor’s perspective, these units can provide liquidity. Set along the banks of the Tagus River, the Alcântara real estate market can be a wise investment opportunity for urban living, value appreciation, and steady rental yields.

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For families, retirees, and professionals, the location of the project is also a major asset. Future residents can take pleasant riverside strolls. The units are well-served by public transit, schools, and healthcare facilities.

The development is quite close to popular historic landmarks, such as Palácio das Necessidades and the Miradouro do Largo das Necessidades, while at the same time, the LX Factory is within walking distance.

That being said, Calouste Gulbenkian Foundation, one of the country’s most visited cultural institutions with museums, gardens, and programs, is just around 2.5 km (1.55 mi) away from the development.

Want to invest in the Portuguese capital? Check the latest Lisbon real estate trends

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Why You May Need a Real Estate Agent

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Sometimes buyers have a clear picture of their dream home, neighborhood, and ideal property price. Others are not so sure.

If you are relocating or investing in Portugal’s housing market, real estate agents can find a home that works for you. They can help you decide between villas or apartments, modern condos or traditional houses.

Whether you prefer urban or rural properties, a buyer’s agent or a real estate agent in Lisbon can analyze the property market and stick to your budget, advise you on your mortgage rates, and plan for any additional costs.

Unlike a real estate agent who represents the seller, a buyer’s agent works on your behalf – the buyer. They make an offer, negotiate prices, compile paperwork, and attend open houses, navigating the entire process of buying property in Lisbon.

Goldcrest: How We Can Help You 

Goldcrest is the first buyer’s agent in Portugal. We provide expert, impartial advice on real estate investments and how to buy property in Portugal. From scouting out the perfect property through to property acquisition, we have you covered throughout the process. 

Unlike traditional real estate agents in Portugal who represent the seller, we are dedicated exclusively to protecting the buyer’s interests. 

If you are looking to purchase property in Portugal, don’t hesitate to get in touch. Our team of skilled experts is available to solve all your real estate doubts, helping you with the property search and offering insightful expertise and strategic advice. 

Why choose Goldcrest?

  • Local knowledge: With offices located across Portugal, our presence nationwide allows us to assist you personally across the country.
  • Independent service: As an independent buying agent, we do not represent any development or project. Our service is entirely tailored toward each individual client, providing you with everything you need to secure the perfect property at the best possible price.
  • Streamlined process: Our real estate agents speak English and Portuguese, and our service is completely focused on providing you with a hassle-free buying experience, saving you time. We can also help you buy property remotely.
  • Experienced team: Our expert real estate team has a vast local knowledge of the Portuguese property market. We have cutting-edge technology and metasearch tools at your disposal to provide full market coverage, ensuring the best investment choices and negotiated prices.
  • Network of partners: We have a close network of partners, including lawyers, property management services, builders, architects, designers, and landscape gardeners, again saving you time and hassle by providing you with trusted experts in their field of work.