Updated: May 16, 2023

Areeiro is a lively residential area located slightly to the east of Lisbon. The neighborhood is considered quite dynamic and modern and is marked by high-end apartments, beautiful buildings, and a strong commercial zone. The neighborhood’s busy streets attract many young professionals, with some of its most popular shopping stores located on the main streets of Joao XXI, Avenida Roma, and Guerra Junqueiro. In this article, we’ll take a look at Areeiro, Lisbon, real estate.

The district attracts outdoor enthusiasts to its vast green spaces and running paths while also drawing in families to its tranquil mini-neighborhoods, including São Miguel and Arco do Cego. The Bela Vista Park is one of Lisbon’s largest open spaces, often used to host concerts and festivals in the summer months.

One of Lisbon’s best attractions, the Fonte Luminosa, is the star of the area, a fountain complete with colorful water displays throughout the day and evening.

Why Areeiro real estate?

Areeiro real estate is located in a prime district in Lisbon, well-served by public transport and boasting some of the city’s most renowned schools. It has a chic, vibrant atmosphere that appeals to the younger crowds while also providing safety and privacy for families.

With its mix of property types – from luxury villas to modern apartments – you should be able to find properties matching your requirements easily. Whether you’re a young professional looking for a bright apartment with a large balcony and magnificent view, a family with children looking for a ground-floor flat with a large terrace or garden, or a retired couple looking to enjoy your golden years in a four-bedroom apartment within walking distance of a train station, Areeiro is sure to deliver.

Take the Madrid Apartments Development, for example. Located near Avenida de Madrid, in this development, you can find a two- or three-bedroom apartment. Features include things like private parking and air conditioning. If you’re in the market for something different – perhaps a four-bedroom apartment with en-suite bathrooms to accommodate a large family – you can use real estate websites or agents to help you find your ideal home.

The real estate market in Areeiro

Foreigners are attracted to Areeiro for its Art Deco-style buildings and variety of housing options, ranging from small apartments to larger, stand-alone houses. It is popular for long-term rental investments or people looking to live in the area.

While foreign interest abounds in Areeiro, the district is also home to many Portuguese locals and families. It is located near the Instituto Superior Técnico, which draws students to its lively neighborhoods. Additionally, the area houses a large concentration of actors near the Areeiro roundabout, preserving the authentic expression that began during the Art Deco period.

Check out our article: Lisbon Neighborhoods Close to International Schools.

The price of real estate in Areeiro, Lisbon

In terms of real estate, Areeiro is actually one of the most expensive areas in Lisbon. Generally, Areeiro real estate ranges from €2,000 to €5,000 per square meter for apartments and hovers around €5,000 per square meter for houses. By December 2022, the average price per square meter for property in Areeiro stood at €4,545. 

Of course, the cost of a property will depend on many factors – size, amenities, proximity to the city center, and more. As we mentioned above, you may find it useful to search real estate websites or contact selected estate agents, such as Goldcrest, to get an idea of the types of properties available. Having a realistic view of the Areeiro property market can help you define your search criteria, making your property search more efficient and less stressful.

Living in Areeiro

Areeiro offers residents plenty to see and do, from its numerous restaurants and shopping stores to its green spaces and heritage sites. For practical purposes, the Hospital de Santa Maria and Lisbon Municipal Police Station are conveniently located in this district.

The area is also well-connected to public transport, with four metro stations found in the area – Roma, Areeiro, Olaias, and Alameda – and various bus lines. Located a short distance away between Chelas and Olivais is the United Lisbon International School, hailed as one of the best in the city.

Additionally, the neighborhood’s many parks and green spaces have attracted remote workers and digital nomads, leading to an increase in coworking spaces such as Hub55 and Nau Coworking. As we mentioned, the neighborhood is moderately popular with tourists, meaning you’ll be able to enjoy an authentic Portuguese experience when choosing to reside here.

Goldcrest: Who we are and how we can help you

Areeiro is a high-value neighborhood both for investors and residents. Investments in apartments geared toward student rental yield high returns, while investments in houses draw families and young couples looking for long-term rentals. 

If you’re interested in investing in Areeiro real estate, contact Goldcrest. We are a local buyer’s agent situated in Portugal. We provide insightful real estate expertise and strategic advice. From sourcing to property acquisition, we help clients identify outstanding investment opportunities in some of Portugal’s finest locations.

Whether you’re a couple looking for a bright apartment, a family looking to relocate, or an investor looking for new properties or land to develop, our team of experts can help you find the right property without the hassle or fuss. Contact us to get the ball rolling on your Portuguese real estate investment.

Take a look at our guide to buying real estate in Lisbon for more information about the market.

You can discover more in this exclusive chapter of our new e-book Your Expert Guide to Buying Property in Portugal that you can download for free right now.
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Frequently Asked Questions about Real Estate in Areeiro, Lisbon

1. What is the average price for a luxury home in Areeiro, Lisbon?

The cost of luxury housing in Areeiro can range between €1,000,000 and €5,000,000. The price will vary depending on factors such as the size of the property and its location within Areeiro.

2. What is the most expensive property for sale in Areeiro, Lisbon?

According to online real estate portals, property prices in Areeiro can reach as high as €5,000,000 for a ten-bedroom fully renovated luxury villa. The main features of such properties include aspects like an open space living room, more than one en-suite bedroom, a walk-in closet, a large terrace, and more.

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