Updated: August 1, 2022Are you interested in buying real estate in the Baixa neighborhood in Lisbon? Baixa is a neighborhood at the very heart of Lisbon. Its grand historic houses, majestic squares, and bustling streets exemplify everything Lisbon has to offer. In Baixa, you’re close to everything you need - transport, restaurants, shops, and much more. The area was rebuilt in a grid system following the 1755 earthquake, and for centuries since it has been the commercial center of the Portuguese capital. The grand neoclassical buildings, electric streetcars, and wide avenues give it its iconic Portuguese feel. For more information on the property market in the buzzing Portuguese capital, check our article: An Expert Guide to Buying Lisbon Real Estate
Why Baixa real estate?Baixa is at the center of everything, well connected to all areas of the city, as well as schools, supermarkets, shops, banks, and anything else you might need. Situated in downtown Lisbon, it also has many of the city’s most-visited tourist sites, such as the imposing Praça do Comercio square and Rossio. The Rossio square was destroyed, alongside so many other parts of the city, following the 1755 earthquake, only to be rebuilt again afterward. What was once a cattle market and public execution spot in the past, Praça Dom Pedro IV now hosts many lovely cafes and is one of the busiest squares in the whole city. Baixa also houses Rua Augusta, a popular pedestrian street in the heart of the city, where you get a true flavor of the hustle and bustle of the city, and, located close by, Praça dos Restauradores can be found, another lovely square in the city. And a stone's throw away from here, you’ll be rewarded with stunning views of the Tagus River. For nature lovers, on the south bank of the Tagus, you have the huge Tagus estuary, where you can get up close and personal to the nature reserve here. An investment in real estate in Baixa, Lisbon, will always be a worthwhile investment for rental and tourism purposes. There are several excellent property types for sale in Baixa, from apartments with modern finishes to villas a little further out the center. As the real estate market in Lisbon has cemented itself as one of the big players on the scene, it is a very good time to consider investing in the market.
The real estate market in BaixaOwing to its central location, real estate in Baixa is highly sought after and you will find that the highest price bracket in the city is in this general area of the city, alongside Principe Real and Avenida da Liberdade. However, if you are looking for an investment in one of the most historic and significant areas of Lisbon, then Baixa is the place to look. The small size of Lisbon’s historic centre also means that the real estate market is highly competitive. Real estate in Baixa is usually renovated townhouses, as there are tight restrictions on new constructions.
The price of real estate Baixa LisbonThe real estate market in Baixa Lisbon is one of the most highly-priced in the whole of Portugal. Apartments in the area cost a minimum of €500,000-600,000 or around €6,693 per sq meter. Baixa is in the freguesia (municipal district) of Santa Maria Maior, which encompasses the neighborhoods of Baixa and Chiado. The average asking price for property was €6,145per m² in 2020.
Living in BaixaBaixa, the historic center, typifies some of the most quintessentially Portuguese real estate. It is also close to the historic neighborhoods of Graça and Alfama, as well as the shopping district in Chiado. If you are planning on buying a property to relocate with your family, there are also nearby international schools. Lisbon airport is also just a 20-minute drive away. Public transport is also very good and you can quickly and easily get to different parts of the city and the beaches of Carcavelos and Cascais are just a short train journey away.
Expert adviceInvestments made in real estate Baixa Lisbon are always going to be lucrative. Real estate in the Baixa area of Lisbon has risen rapidly over the past few years and is likely to continue to do so in the future. With beautiful squares and the huge Tagus river providing you with exceptional views, this renowned neighborhood in downtown Lisbon really is a special place to buy property in the city. Take a look at our guide to buying real estate in Lisbon for more information about the market. Please get in touch with us at Goldcrest, where we'll be able to assist you with your property purchasing journey. As a local property buyer's agent in Lisbon, we have access to real estate listings that you will not find elsewhere and provide a tailored service completely fitted to your needs. Further articles that may be of interest to you are shown below:
- Homes for sale in Lisbon: Top ten neighborhoods
- How to buy a house in Lisbon, Portugal
- Intendente Lisbon real estate