Previously an industrial area of Lisbon, Marvila is currently one of the up-and-coming neighborhoods to live and invest in. It is located on the east side of the city with spectacular views over the Tagus River. Comprised of warehouses and industrial buildings, Marvila is undergoing a complete transformation that has seen these abandoned spaces morph into creative and innovative spaces.
Hailed as Lisbon’s version of London’s Shoreditch or New York’s Meatpacking District, Marvila is dominated by entrepreneurial businesses, including creative space Hub Creative Beato, art gallery Filomena Soares Gallery, and craft breweries Fábrica Musa and Dois Corvos.
Why Marvila real estate?
Marvila real estate is conveniently located in the middle of many attractions in Lisbon while maintaining enough distance to make it a quiet neighborhood. It is the perfect place for young couples and entrepreneurs who can take advantage of its creative and intellectual vibes. As the area is undergoing intense transformations, it has plenty of potential to become not only a commercial area but also a fantastic residential neighborhood.
The real estate market in Marvila
While pricey, Marvila offers plenty of loft-style and modern apartments for short or long-term rental. As an evolving entrepreneurial hub, there are also plenty of larger, commercial properties for long-term investors. The community in Marvila is made up of mostly young couples and individuals drawn to the artistic and innovative aspects of the area.
The price of real estate in Marvila
Marvila real estate averages €2,ooo to €4,000 per square meter while prime properties can reach €6,000 per square meter.
Living in Marvila property
Conveniently served by bus, Marvila is well-connected to other areas of the city, including the Lisbon airport and the contemporary, redeveloped district of Parque das Nações. While not served by train or metro, it is always possible to catch a bus to areas in which these modes of transportation exist, including downtown Lisbon, which can be reached in 20 minutes.
Marvila does not have many green spaces, which is why plans are currently in motion to revitalize the waterfront area and turn it into a massive park. However, there are plenty of cultural centers, cozy restaurants, Art Deco architecture, and art spaces to keep residents occupied. Also popular with sport enthusiasts is the convenient location of the expansive river waterfront, perfect for jogging and biking, and the presence of a rock climbing gym.
International interest in Marvila has grown significantly in recent years, making it a popular area to invest in. It is relatively close to the lively bustle of downtown Lisbon while also providing access to the trendy district of Parque das Nações, noted for its green spaces and shopping options.
Take a look at our guide to buying real estate in Lisbon for more information about the market.