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Avenidas Novas property market in 2022 / 2023 – Prices per sqm meter to buy a home in Lisbon – Portugal

The Avenidas Novas housing market report in 2022-2023 summarises key trends in real estate prices in this area of Lisbon. The analysis covers residencial prices (houses, villas, apartments) and new developments. The report primarily draws on publicly available datasets. This housing market report is updated regularly.


What is the average purchase price of a home in Avenidas Novas?

Information updated: October 10, 2022

Avenidas Novas prices per sqm in 2022 ~ 6 100€

Information on the average purchase price for a home in Avenidas Novas. Average property prices per sqm and by category of property (flat/apartment/villa/house)

LocationProperty typeAverage selling price per sqm
Avenidas NovasFlat6 500€/sqm
Avenidas NovasHouse / Villa7 500€/sqm

A word from Avenidas Novas’s real estate expert in Lisbon

A lot of ongoing new developments, a district very well served by public transport, green parks, museums, a diverse architecture … 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.

Tagus Property

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.

Some figures…

  • Carcavelos Beach: 20 minutes by train (Cais do Sodré)
  • Cascais: 40 minutes by train (Cais do Sodré)
  • Airport: Humberto Delgado Lisbon Airport : 20 minutes’ drive
  • Train station: Rossio Train Station : 25 minutes’ walk
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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.

Around the block

Enjoy the breathtaking views from Lisbon while you relax having a drink or something to nibble at the H10 Hotel.
The Calouste Gulbenkian Foundation houses one of the richest artwork collections in Lisbon.
The Campo Pequeno bullring welcome Portuguese bullfighting, concerts, and is home to a shopping mall and cinemas.

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