AVENIDAS NOVAS TRAVEL GUIDE

ABOUT THE LOCATION

Conveniently located between the entertainment and business districts, Avenidas Novas is dynamic, colourful, international and diverse. Known for its wide, leafy avenues, it's ideal for young professionals and families who want to be in the heart of Lisbon.

The area is surrounded by aristocratic art-nouveau palaces, modern apartments and wide avenues. It is superbly located close to restaurants and shops and also to top Portuguese and international schools.

INVESTMENT POTENTIAL

Set in a central area, on a quiet residential street and close to Avenida da Liberdade, properties for sale in Avenidas Novas afford an excellent opportunity for those looking for a primary residence, or second home or to take advantage of the long-term rental market. Apartments in Avenidas Novas represent an attractive investment opportunity with estimated long-term rental yields of up to 7%.

In addition, our handpicked portfolio of properties for sale in Avenidas Novas has an average of €7,560 per sqm - well-priced compared to other properties in the area, which can go up to €10,000 per sqm. All these properties in Avenidas Novas offer strong potential for capital gain.

URBAN LIVING IN LISBON'S CENTRE

ADVISERS’ OPINION

Buying a property in Avenidas Novas is an attractive investment for families looking to put down long-term roots, or capitalise on long-term rental options for locals or expats.

WHY TO BUY

Eclectic mix of baroque palaces, high-end hotels and modern buildings
Prices are driven by value rather than hype
Contemporary and cosmopolitan neighbourhood
Spacious apartments
Attractive investment for families

KNOW BEFORE YOU GO

Perfect for those who enjoy the city lifestyle
Where Lisbon's top universities are located
Home to El Corte Inglés and The Gulbenkian Park.
Most extensive and well-connected bicycle lanes in town
Green areas and plenty of space for circulation

INFRASTRUCTURE DEVELOPMENT

This Lisbon neighbourhood is an appealing investment for families seeking long-term roots or rental opportunities for locals and expats, thanks to its top university cluster. While properties in Avenidas Novas range from €6,000 to €10,000 per sqm, prices are driven by value rather than hype.

Avenidas Novas offers more spacious and budget-friendly apartments for sale with multiple bedrooms, living rooms and high ceilings compared to nearby neighbourhoods of Chiado and Baixa.

Our property experts view Avenidas Novas as an excellent alternative to Avenida da Liberdade for a lower price point, offering the same prestige and quality of life. International buyers have not yet discovered the neighbourhood, making it an attractive investment option.

HISTORY

Avenidas Novas, which translates literally into ‘new avenues’, is one of the few places in the city that perfectly merges the history and evolution of three centuries of architecture. Here, modern glass and steel buildings sit side-by-side with grand palaces and art nouveau or art deco constructions along flat, wide, tree-lined avenues. Many of these beautiful buildings have been converted into properties for sale in Avenidas Novas.

The whole region has developed very harmoniously with lots of green areas and plenty of space for circulation to be comfortable for vehicles and pedestrians. Residential area par excellence is an ideal neighbourhood for families with children, not only due to the numerous gardens and playgrounds but also the convenience of having all sorts of stores and services within walking distance.

Avenidas Novas was created with the 2012 Administrative Reform of Lisbon, merging the former parishes of Nossa Senhora de Fátima and São Sebastião da Pedreira.

THE AREA TODAY

Avenidas Novas is surrounded by aristocratic art-nouveau palaces, modern apartments and wide avenues. Due to its flat streets, the area has the most extensive and well-connected bicycle lanes in town and a very efficient system of shared electric bikes. It’s a good example of how the Portuguese capital has been investing heavily in structural transport reforms to make it increasingly attractive to investors in search of a great quality of life.

The neighbourhood is home to the city’s most active business centre and is choc-full of suits at lunch hour. While property for sale in Avenidas Novas remains towards the upper end of the market with prices ranging from €6,000 per sqm and €10,000 per sqm, prices are driven by value rather than hype.

Without a doubt, Avenida Novas is the reflection of today’s Lisbon – colourful and cosmopolitan, international and diverse. What’s not to love?!