Real Estate Market in Avenidas Novas – Lisbon in 2020
The Avenidas Novas housing market report summarises key trends in Avenidas Novas’s housing market in Lisbon. The analysis covers house prices and new developments. The report primarily draws on publicly available datasets. The Avenidas Novas housing market (houses & apartments) report is updated regularly.
Prices per sqm in Avenidas Novas district in 2020 €5.200€ > €6.500
At a Glance
Welcome to Avenidas Novas
The vast sector of Avenidas Novas, north-east of the Parque Eduardo VII, was built between the end of the 19th century and the first half of the 20th to accommodate the middle class and bourgeoisie looking for a better quality of life.
Split by large thoroughfares, this residential district is crisscrossed by smaller streets where wooded central reservations and curbs are turned into parking spots.
The monotonous rationality of the urban planning is a contrast to the gratifying cacophony of architectural styles, some gems emerging from the mass of destitute apartment buildings from the 1950-60s.
The tone is set as soon as you enter Avenida Fontes Pereira de Melo, just after the Praça Marquês de Pombal: after the postmodern bling style of a few luxury hotels comes a neo-baroque palace built around 1900, then another neo-Manueline exuberant facade overlooking an art nouveau metro station designed by the French architect Hector Guimard, donated by the city of Paris…
Good to know
Avenidas Novas is a different Lisbon, with skyscrapers and perpendicular streets.
With a considerable number of companies based there, the Marquês de Pombal Square and its surroundings is the business centre of the capital.
In the centre of the district, the Calouste Gulbenkian Museum with its gardens is not to be missed.
The Amoreiras and El Corte Inglés shopping centres are a good choice for shoppers.
Carcavelos Beach: 20 minutes by train (Cais do Sodré)
Train station: Rossio Train Station : 25 minutes’ walk
Avenidas Novas is located in downtown Lisbon
Avenidas Novas: A modern neighbourhood with beautiful avenues
The district of Avenidas Novas is historically a chic residential neighbourhood, very central, with top-of-the-range hotels, offices, as well as cultural centres. In the last few years, restoration projects have generated increased interest for residential properties in this area.
Some of the buildings are abandoned. Their facades with boarded up windows are decorated with frescoes painted by street artists, with the blessing of the municipality.
Same impression for the Praça Saldanha, where the modernity of the shopping centres cohabits with rare remnants from the beginning of the 20th century, and then along the noisy Avenida da República which crosses the Avenidas Novas district from the north to the south.
Mansions and buildings of eclectic or art deco styles have survived the pickaxes of the demolishing crews, along with the delicious Versailles patisserie (1922) and its art nouveau decor.
The Bullring, a neo-Moorish brick construction on the Campo Pequeno is the most ambitious building in the Avenidas Novas district. Completed in 1892, it can accommodate eight thousand five hundred spectators around its arena of 35 metres in diameter.
The Calouste Gulbenkian Foundation, essential artistic home to one of the richest artwork collections in the city, is hidden on Praça de Espanha.
A word from the real estate expert of Avenidas Novas district of Lisbon
«A lot of ongoing developments, a district very well served by public transport, green parks, museums, a diverse architecture … there are many assets in Avenidas Novas, where the average price for a renovated apartment is between €5.200 and €6.500 per m2. Properties in this district offer a strong return potential in the medium and long term as demand is greater than supply, which increases the attractiveness of the area.»
For a luxury apartment prices can reach €6.500 per m2. The average is approximately €5.200 per m2.
Avenidas Novas: real estate market conditions
Real estate prices in Avenidas Novas district are stable.
Discover the detailed prices for an apartment in Avenidas Novas per m2.
Location: Avenidas Novas Lisbon
Type of property: Renovated apartment
Lowest average sale price (including agency fees): €5.200 /sqm
Highest average sale price (including agency fees): €6.500 /sqm
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