Graça is a neighborhood that feels like it’s been caught in time. It’s easy to fall in love with its winding picturesque streets and traditional houses. It’s an area that always charms tourists, who wander the streets snapping photos of tiles while elderly Portuguese women watch the streets from their windows. The appeal of Graça is that it manages to be popular with visitors while still maintaining its essentially Portuguese character.
It’s steep cobblestone streets and tricky public transport means it isn’t the best option for those with young children or mobility issues, but its inaccessibility is also what has largely shielded it from widescale development. The result is an atmospheric neighborhood that has an almost village-like feel to it, while still being right in the heart of Lisbon.
Why Graça real estate?
Buying real estate in Graça is buying a piece of Lisbon’s history. The quintessentially Lisboeta neighborhood has plenty of hidden corners left to explore, with many properties including gardens, patios and roof terraces.
Investing in Graça real estate is an excellent choice for those looking to buy a slice of traditional Portugal, and can also offer high returns for those looking to invest in a short-term rental property.
The real estate market in Graça
The real estate market in Graça has risen very rapidly over the past year in terms of prices. The Graça neighborhood in Lisbon was not particularly highly valued in previous decades as it was typically a traditionally Portuguese area with many low-income families. While it still maintains this character, there has been a lot of redevelopment, however, there are still many real estate opportunities if you know where to look for them.
The price of real estate in Graça, Lisbon
The price of real estate in Graça ranges between €3,000 to €6,000 per square meter.
Living in Graça property
In the month of June, like many of Lisbon’s older neighborhoods, Graça is transformed into a giant street party. For much of the summer, restaurant tables fill every slope, with fish and other traditional dishes being cooked on barbecues. It is also important to be wary of Graça’s difficult transport links. Although it’s steep hills mean that many of its houses offer incredible views over the city and the river, this also makes it relatively difficult for transport.
Real estate in Graça can be a great investment if you are looking to rent the property, however if you plan to live there all the time, accessibility can be an issue.
Take a look at our guide to buying real estate in Lisbon for more information about the market.