Avenidas Novas is a historical district reminiscent of the 19th century. It’s situated in Lisbon, home to charming cafes, boutique shops, and leafy green streets. The main avenue, Avenida da República, is majestic, lined by modern buildings and luxury shops resembling the Champs De Elysees boulevard in Paris.
When it comes to investing in property, Avenidas Novas is up there in the top five Lisbon neighborhoods to consider. Not only does the neighborhood have unique properties for sale, but it’s also home to a budding community of retirees, ex-pats, and families.
Let’s take a look and see what Avenidas Novas is all about.
Buying a House in Avenidas Novas
Avenidas Novas is located northeast of the famous Parque Eduardo VII and is often associated with upper-middle-class communities. Split by perpendicular streets filled with luxury high-end shops, this district is home to many businesses and companies who’ve set up shop here. But make no mistake, it’s a residential district through-and-through, complete with smaller, leafy green streets, local pastry shops, cafes, restaurants, and boutique shops.
Somewhat resembling Paris, Avenidas Novas is considered the glamorous part of Lisbon, filled with skyscrapers, postmodern bling style luxury hotels, and green squares where you can sit back, relax, and sip a coffee in the sun.
These make the area a fantastic location for investors looking to land a solid property investment. And property prices have been steady too, making it a perfect place to buy or rent out your apartment or home.
Why Buy a House in Avenidas Novas?
When it comes to investing in property, location is everything.
Here are four reasons why Avenidas Novas is the location for a property investment:
- The area is considered modern, high-end, and above all, safe.
- A considerable number of companies are based here already and its surrounding areas are easily considered as serving as Lisbon’s business center
- In the heart of the district, the Calouste Gulbenkian Museum with its urban gardens are not to be missed.
- If anything, there’s too much shopping choice, with the Amoreiras and El Corte Inglés shopping centers offering excellent merchandise for ardent shoppers.