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

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.


What is the average purchase price of a home in Chiado?

Information updated: October 10, 2022

Chiado prices per sqm in 2022 ~ 7 900€

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)

LocationProperty typeAverage selling price per sqm
ChiadoFlat7 900€/sqm

A word from Chiado’s real estate expert in Lisbon

«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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At a Glance

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.

Good to know

  • Chiado is home to the oldest library in the world, the Livraria Bertrand, at 73-75 Rua Garrett.
  • The bronze statue of the famous writer Fernando Pessoa is outside his favourite restaurant, the cafe A Brasileira.Have fun watching the tourists sit on his lap!

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 : 20 minutes’ walk
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Chiado is located in downtown Lisbon

One of Lisbon’s most culturally rich district

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.

Around the block

Visit the ruins of the Church do Carmo. The vault of its nave was destroyed during the 1755 earthquake. The church overlooks a beautiful Lisboan square, the Largo do Carmo, surrounded by linden trees and jacarandas.
Spend an afternoon shopping in the Chiado warehouses, a historic building destroyed by fire in 1988 and now converted into a modern shopping centre.
The Elevador de Santa Justa, the only vertical lift of the city, takes you up the hill to admire Lisbon, just as stunning seen from above. Aboard one of its two cabins, you will glide from Baixa to Bairro Alto.

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