The Low-Down on Alfama – A Promising Region for Property Investment
If you find yourself in Lisbon and get to spend some time in this marvelous city, it will not be long before you find yourself weaving through the cobbled streets of Alfama and it will be even sooner until you are swept off your feet by the most remarkable and unique charm of this lovely part of Lisbon. In our series of articles by the title of “The Low-Down on Alfama” we will talk about this utterly charming Lisbon neighborhood and all the magic it has to offer to its visitors.
A Promising Region for Property Investment
If you are interested in purchasing or investing in property in Alfama, as a rule of thumb, Baixa Alfama, also known as lower Alfama, is a generally well-known area among travelers and tourists, which makes it an excellent location for buy to let property investments, while Alta Alfama, also known as upper Alfama, is mainly characterized by larger, more noble buildings and developments and stunning views across the river.
Purchasing or investing in a property in Alfama and its neighboring districts, such as the São Vincent district and the Graça district, is, from an investment standpoint, a rather interesting option. Most of the properties in these areas contain between six and eight apartments, but very few of them have ever been renovated.
When it comes to property investment, the region of Alfama is like a unique precious jewel just waiting to be discovered. That is why the property price increases in this area have yet to hit the same intensity and speed that they already did in the other regions of Lisbon, such as the regions of Bairro Alto, Principe Real, and Chiado. And yet, in spite of the fact that the property prices in the Alfama region have remained relatively low when compared to the rest of the city, due to its unique atmosphere and charm, the proximity to the city centre, and the ever growing popularity of the area, Alfama still retains a rather serious potential for capital growth on property investment in its area.
Time-Out’s Mercado da Ribeira and Cais do Sodre are “just around the corner” – no more than ten minutes by bus. With the national train network at Santa Apolonia being within a walking distance away, anyone living or staying in Alfama has reliable, fast, and easily accessible transport links streatching from Porto in the North and all the way down to Algarve in the South.