The Chiado 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.
CONTACT US TODAY TO DISCUSS YOUR PROPERTY SEARCHInformation updated: October 10, 2022
Information on the average purchase price for a home in Chiado. Average property prices per sqm and by category of property (flat/apartment/villa/house)
| Location | Property type | Average selling price per sqm |
| Chiado | Flat | 7 900€/sqm |
«Prices in Chiado, the first renovated district of Lisbon, are among the highest in the city and have risen sharply in the past three years. Iconic location, very popular with tourists, combining charm and functionality, it can be considered a safe investment. Experts agree that prices have stabilized and that some buildings are overvalued. If you are looking for high returns, some areas of the city offer better investment opportunities.»
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Welcome to Chiado
Chiado is the cultural district of Lisbon, with some of the best libraries in the capital, the Teatro São Carlos (Lisbon Opera), the Fine Arts School and the Chiado Museum where a selection of Portugal’s modern art is on display.
Popular meeting point with Lisboans before dinner or an evening in the nearby busy district of Bairro Alto, the Chiado district and its central Largo de Chiado Square fill up late afternoon under the watchful eyes of the statue of Fernando Pessoa, always seated at the terrace of the A Brasileira cafe.
Chiado is linked with the shopping district of Baixa by the Rua Garrett, full of trendy boutiques, cafes… Chiado used to be the place where artists and writers gathered. Sadly, since the huge fire of 1988, the district has lost its artistic charm. The rua do Carmo pedestrian street nevertheless managed to regain its splendour and is worth a stroll if you are looking for a chic and modern location.
The Chiado district is on one of the seven hills of the city. It is considered as the elegant district of Lisbon where you will find lovely shops, theatres and cafes. Chiado is a good place to go for a stroll and enjoy one of the many terraces. The district is built around the Luis Camoes Square and Garrett Street. It is the heart of Lisbon’s intellectual life. Chiado is central and can be a good choice for accommodation. It is close to the Bairro Alto, Lisbon’s nightlife district.
Following the devastating fire of 1988, the City’s revitalization project has managed to preserve the charm of Chiado, while improving its prospects in terms of housing. The pedestrian streets linking Baixa to Chiado have been redesigned and renovated to enable Lisboans to cross the district, while reminding them of the efforts implemented by the City. They have also helped maintain the quality of life and character of the public spaces, and they outline the promise of new commercial areas.
Chiado, where new innovative buildings coexist with 18th century Pombaline-style architecture, is today one of the most expensive and sought-after area in the city for residential or business real estate buyers. The district has many advantages: tourists, passersby and customers from the many shops are attractive to entrepreneurs, while limited road traffic preserves the peace and quiet of the area and public transport, both bus and metro, links the district to the rest of the town.
We use our in-depth market knowledge and extensive real estate network to provide our clients with access to the best properties, both on and off-market. We oversee every aspect of the purchase process from start to finish.
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