Are you interested in buying real estate in Baixa neighborhood in Lisbon? Baixa is the neighborhood at the very heart of Lisbon. Its grand historic houses, majestic squares, and bustling streets exemplify everything Lisbon has to offer. In Baixa, you’re close to everything you need, transport, restaurants, shops and much more.
The area was rebuilt in a grid system following the 1755 earthquake, and for centuries since it has been the commercial center of the Portuguese capital. The grand neoclassical buildings, electric streetcars and wide avenues give it its iconic Portuguese feel.
Why Baixa real estate?
Baixa is at the center of everything, well connected to all areas of the city, as well as schools, supermarkets, shops, banks and anything else you might need. It also has many of the city’s most-visited tourist sites, such as the imposing Praça do Comércio and Rossio. An investment in real estate in Baixa, Lisbon, will always be a worthwhile investment for rental and tourism purposes.
The real estate market in Baixa
Owing to its central location, real estate in Baixa is highly sought after. If you are looking for an investment in one of the most historic and significant areas of Lisbon, then Baixa is the place to look.
The small size of Lisbon’s historic center also means that the real estate market is highly competitive. Real estate in Baixa is usually renovated townhouses, as there are tight restrictions on new constructions.
The price of real estate in Baixa, Lisbon
The real estate market in the Baixa neighborhood of Lisbon is one of the most highly-priced in the whole of Portugal. Apartments in the area cost a minimum of €500,000-600,000 or around €6,693 per sq meter.
Living in Baixa
Baixa typifies some of the most quintessentially Portuguese real estate. It is also close to the historic neighborhoods of Graça and Alfama, as well as the shopping district in Chiado. If you are planning on buying a property to relocate with your family, there are also nearby international schools. Lisbon airport is also just a 20-minute drive away.
Investments made in Baixa are always going to be lucrative. Real estate in the Baixa area of Lisbon has risen rapidly over the past few years, and is likely to continue to do so in the future.
Take a look at our guide to buying real estate in Lisbon for more information about the market.