The Avenidas Novas 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 Avenidas Novas. Average property prices per sqm and by category of property (flat/apartment/villa/house)
| Location | Property type | Average selling price per sqm |
| Avenidas Novas | Flat | 6 500€/sqm |
| Avenidas Novas | House / Villa | 7 500€/sqm |
“A lot of ongoing new developments, a district very well served by public transport, green parks, museums, a diverse architecture … Properties in this district offer a strong return potential in the medium and long term as demand is greater than supply, which increases the attractiveness of the area.”
Tagus Property
Welcome to Avenidas Novas
The vast sector of Avenidas Novas, north-east of the Parque Eduardo VII, was built between the end of the 19th century and the first half of the 20th to accommodate the middle class and bourgeoisie looking for a better quality of life.
Split by large thoroughfares, this residential district is crisscrossed by smaller streets where wooded central reservations and curbs are turned into parking spots.
The monotonous rationality of the urban planning is a contrast to the gratifying cacophony of architectural styles, some gems emerging from the mass of destitute apartment buildings from the 1950-60s.
The tone is set as soon as you enter Avenida Fontes Pereira de Melo, just after the Praça Marquês de Pombal: after the postmodern bling style of a few luxury hotels comes a neo-baroque palace built around 1900, then another neo-Manueline exuberant facade overlooking an art nouveau metro station designed by the French architect Hector Guimard, donated by the city of Paris…
The district of Avenidas Novas is historically a chic residential neighbourhood, very central, with top-of-the-range hotels, offices, as well as cultural centres. In the last few years, restoration projects have generated increased interest for residential properties in this area.
Some of the buildings are abandoned. Their facades with boarded up windows are decorated with frescoes painted by street artists, with the blessing of the municipality.
Same impression for the Praça Saldanha, where the modernity of the shopping centres cohabits with rare remnants from the beginning of the 20th century, and then along the noisy Avenida da República which crosses the Avenidas Novas district from the north to the south.
Mansions and buildings of eclectic or art deco styles have survived the pickaxes of the demolishing crews, along with the delicious Versailles patisserie (1922) and its art nouveau decor.
The Bullring, a neo-Moorish brick construction on the Campo Pequeno is the most ambitious building in the Avenidas Novas district. Completed in 1892, it can accommodate eight thousand five hundred spectators around its arena of 35 metres in diameter.
The Calouste Gulbenkian Foundation, essential artistic home to one of the richest artwork collections in the city, is hidden on Praça de Espanha.
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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