The calm, picturesque neighborhood of Alcântara, next to the River Tejo, is an excellent option for foreign buyers. Close to the city center, but without the high levels of tourists and hustle and bustle, you have the best of both worlds – the perks of living in a vibrant cosmopolitan capital, with the calmness that the neighborhood provides. Alongside this, the house prices are a little cheaper in this part of town, but the district has been greatly improved in recent years, due to the growth of businesses in the area. As a result, this is one of the best places in Lisbon for a high quality of life. In this Alcântara real estate guide, we’ll provide you with all you need to know about buying property in this neighborhood of Lisbon.
In this Alcântara Real Estate Guide, we’ll cover the following:
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- Buying a house in Alcântara
- Why buy a house in Alcântara
- What to look out for when buying property in Alcântara
- Things to do in Alcântara
- Plus much more!
Buying a house in Alcântara
Although Alcântara may not be as famous as some other neighborhoods – Alfama or Principe Real – it boasts some of the best views in Lisbon of the Tejo River. What’s more, it is home to some of the most innovative bars, exciting restaurants, and typical cafes. Both locals and foreigners live in the neighborhood, creating a vibrant cultural mix.
Why buy a house in Alcântara
As we’ve just mentioned, Alcântara is a great place to buy property, providing a very good quality of life for people that live in the neighborhood. In this section of our Alcântara Real Estate Guide, we’ll provide you with some further benefits to choosing this part of the city.
Accessibility
Alcântara is just 25 minutes by car from Lisbon International Airport, making it easy for those that have to travel often to get around, whether it is for work or leisure purposes. Public transportation is also an easy option to get around, with convenient links to downtown Lisbon and Cascais.
Hospitals are conveniently located, international schools are close at hand, or a short commute away, so you should have all the amenities that you need in the neighborhood.
Lifestyle
There are a lot of different people from different walks of life in Alcântara. Students, designers, families, you name it. And this vibrant mix of people has helped to create one of the most exciting and trendy places in the city. People head from central Lisbon to Alcântara to soak in some of this vibe. In the neighborhood, there are warehouses and factories that have been turned into some of the city’s coolest restaurants, bars, and shops. If you live in Alcântara, the neighborhood will keep you on your toes as there is always something new to see and do every day.
Route to Portugal Golden Visa
If you invest in commercial property in Alcântara then you may be eligible for the Portugal Golden Visa, where you can secure residency, and ultimately citizenship after five years. Real estate in Alcântara, as a continually developing neighborhood, offers very good opportunities for investors.
You can learn more about the Portugal Golden Visa here.
What to look for when purchasing real estate in Alcantâra
There’s a lot to think about when purchasing property, particularly in a different country. In this part of our Alcântara real estate guide, we’ll delve into some of the most important things to look out for when buying property in Alcântara.
Plan well
When deciding on an area, you should think about what you want to get out of living there. A place to start a family, a place to work, a place to spend your vacations? Do you intend to buy an apartment in a specific neighborhood? Do you have everything that you need close at hand? Where is the nearest shop? Perhaps make a list of necessities and things that are “nice to have” so that you are not frustrated later on when you find that the closest park is quite far away.
Resources
It is extremely difficult to purchase property abroad and to streamline the process and keep everything simple, we recommended working with qualified professionals. An estate agent and lawyer will ensure that you get the best property for the best price, and help reduce the stress of relocating. A buyer’s agent, such as Goldcrest, will be able to provide you with crucial information every step of the way, from finding the perfect neighborhood for you to property acquisition.
Legalities
Before you make any decision regarding the property that you have your eye on, make sure you take a step back and look carefully at each of the elements of the property. Legal, tax, and inheritance issues can be difficult to understand, particularly when buying property in a different country and if you do not speak the language. We recommended speaking with experienced professionals, who will be able to provide you with solid guidance.
Things to do in Alcântara
Whether it’s taking a stroll by the river or heading to your favorite cafe, there is much to do in Alcântara. In this part of our Alcântara real estate guide, we’ll delve into some of our favorite things to do in the neighborhood.
- Visit LX Factory, where you can find exceptional restaurants, bars, and boutique shops in a fabulously trendy part of town. This is a historical industrial complex that is home to an array of arty retailers and has become a must-visit.
- Two of the best museums can be found in Alcântara, Museu da Carris and Museu do Oriente, so be sure to pay them a visit!
- Enjoy the spectacular views of the Ponte 25 de Abril bridge.
How we can help
Global Citizen Solutions is a boutique residency and citizenship by investment company, focused on finding the right investment, citizenship, or residency program for individuals across the world. We work solely on behalf of our clients throughout the process for an easy and hassle-free journey to your desired route.
With offices worldwide and an experienced, hands-on team, get in touch today to see how we can understand your objectives and help you move towards becoming a global citizen.
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This is just a brief introduction to property in Alcântara. If you are looking for a house in Alcântara, you can get in touch with one of our team at Goldcrest, our real estate division, who will be able to discuss your options for buying property in this beautiful neighborhood of Lisbon.
Last year Goldcrest launched their new e-book on how to buy property in Portugal which will be useful to you if you are looking to buy a house in Lisbon. You can order your copy here. The book provides an easy guide to buying property in Portugal, including navigating taxes, bureaucracy, finding a mortgage, amongst other important information.
