Inside Varandas Living: One of Avenidas Novas’ Newest Developments

When most buyers think of homes in Lisbon, they imagine historic buildings with iconic Azulejo tiles, 18-th century Pombaline design, and ornate Manueline style. But, there is another side to Lisbon’s real estate market that can be equally appealing.

Lisbon has new-build opportunities, not just resale properties, with lower maintenance costs and good energy efficiency. Offering a modern lifestyle, symmetrical architecture, and large urban oasis balconies, Varandas Living features 12 apartments from T1, T2, and T3 bedroom rooms.

As the first buyer’s agents in Portugal, our team at Goldcrest compiled the latest reports of this new construction, so you can choose an investment that fits your goals. Here’s what you can expect.

Varandas Living: Development in Central Lisbon Gets 12 New Apartments

Varandas Living is a new Lisbon residential development with 12 apartments ranging from one-bedroom (T1), two-bedroom (T2), and three-bedroom (T3) units. These are fully equipped apartments with parking spaces,1-2 bathrooms, terraces, and varandas.

Located on Avenida João Crisóstomo, the residences are part of Avenidas Novas, an already established Lisbon neighborhood. It is part of the Gulbenkian–Praça de Espanha area of central Lisbon.

Compared to historic districts brimming with tourists, like Baixa, Chiado or Alfama, Gulbenkian–Praça de Espanha can feel more residential and business oriented.

It’s a convenient place to live with many bus lines, stores, offices, and restaurants nearby. Besides, Calouste Gulbenkian Museum, the Garden of the Calouste Gulbenkian Foundation, and São Sebastião Metro Station are just a couple of minutes away.

The development is about 2 km from Avenida da Liberdade – the famous luxury boulevard packed with high end designer boutiques, five-star hotels, and gourmet restaurants. You can read more about it in our article on luxury shopping in Portugal.

The Varandas Living residences fall within the €951,500 – €1,083,500 price range. Since the project was completed in Q3 2025, several apartments have already been sold due to its desirable urban infrastructure and central location.

With the increasing demand in Lisbon real estate, this apartment can provide notable value appreciation and rental yields. It can suit families, retirees, and buyers who prefer functional spaces with cosmopolitan lifestyle.

Developers estimate a median 4% gross long-term yield, making it a healthy investment for Lisbon apartments for rent.

Why Work With Real Estate Experts

Although buying property in Lisbon is a relatively straightforward process, many foreign buyers find the housing market difficult to manage.

Portugal has many off-market listings, which means various homes often get sold before they even hit the open market. There is no Multiple Listing Service (MLS), a shared database, where you can find all the properties listed. Instead, you would be spending your time researching different websites and sellers.

The acquisition process can take anywhere from 1 to 4 months, depending on the required paperwork and due diligence process.

Property experts, like a buyer’s agent or a real estate agent in Lisbon, can research the housing market on your behalf, collect the paperwork, and guide you through the entire buying process.

Compared to a real estate agent who works on behalf of the seller, buyer’s agents exclusively represent the buyer, scope out and evaluate properties, and negotiate or bid on your behalf.

Whether you are interested in luxury apartments in Lisbon, stunning quintas in Algarve’s countryside, or beautiful villas with sea views, a buyer’s agent can find your dream home right here in Portugal.

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.