Property investment is a great way to keep your money safe. If you want to invest in real estate in Portugal, Chiado in Lisbon is the place to go. Chiado is a rich cultural and wealthy district in the center of Lisbon. It offers everything you might want in a neighborhood.
Purchasing a Property in Chiado
Chiado, one of the oldest districts in Lisbon, has a unique charm and beauty. A fire nearly destroyed the city twenty years ago. Ever since then, it has recovered wonderfully, with its ancient historic buildings restored to their old glory. Chiado has remained one of Lisbon’s most popular districts, which is why it’s the best place to invest in real estate.
Why Should You Buy A House in Chiado?
Chiado is one of the best areas in Lisbon to invest in real estate for a variety of reasons. Let’s take a look at each one separately.
Facilities and Architecture
Chiado is a wealthy neighborhood in Lisbon known for its historic buildings and personalized service. Chiado offers everything you might desire in an ultra-luxe location: theaters, book stores, and cafés serving high-quality coffee, beverages 24/7 a day. The Livraria Bertrand, the world’s oldest library, is also located here.
A Route to Citizenship
Investing in Chiado real estate allows investors to catch two birds with one stone. How? If you want to rent out your home, you will be able to profit. Also, if the house’s value qualifies for the Portugal Golden Visa, you will be granted Portuguese residence. After five years, if you meet the requirements, you may be allowed to apply for Portuguese citizenship. This is just one of the many benefits of purchasing a home in Chiado, Portugal.
What To Look for When Buying a Home in Chiado
Apartments and villas are some of the types of properties available in Chiado. Regardless of the type of property you pick, there are a few things to keep in mind.
Research the Prices of the Area
Do detailed research on property prices in Chiado before purchasing negotiating reasons. Also, look for local parks, cafés, shopping malls, schools, and other facilities. These will help you in narrowing down your search for the perfect house.
Examine the Property
This process should include a detailed check of the property to determine whether it requires repair. Future maintenance may burn a hole in your wallet. As a result, check at the house’s age to get an idea about its age. Inspect the property’s heating system also to guarantee that you are comfy while living there.
Check the papers of the residence to avoid any future issues. Some houses are only cheap because some paperwork is lacking. You can learn more about buying property in Portugal in our Buying Property in Portugal article.
Connect with a Real Estate Expert
We recommend consulting an expert when considering a real estate investment in Chiado, Lisbon. An expert can advise you while saving you time and money. Choose a consultant that holds an AMI license and is licensed to practice real estate brokerage. An expert will help you understand the Chiado real estate market and will be by your side throughout the home purchase process.
If you want to stay in Chiado, keep in mind that there will always be activities to do and places to go. Here are some of the top spots in this chic area to visit:
- Garrett Street for well-known stores and cafés.
- The historic church remains at Largo do Carmo.
- Lus de Cames Square for its baroque and rococo buildings
- Carlos Brasileira
- National Theater of São Carlos
This is a summary of the real estate market in Chiado. We hope you found the article interesting! Check out our Lisbon Real Estate guide if you want to learn more about different neighborhoods in Lisbon.