Old Town

History in every corner

The Stage

Santa Maria Maior and São Vicente form the heart of Lisbon’s old town, showcasing the city’s rich cultural and historical heritage. These neighborhoods are known for their cobblestone streets, traditional architecture, and historical landmarks. In particular, Alfama, Baixa, and Mouraria fall within the boundaries of these areas, making them among the most iconic in Lisbon.
The vibrant mix of residents, including locals, tourists, and expats, contributes to the eclectic atmosphere of the neighborhood. The areas offer a variety of housing types, from charming traditional homes to modern apartments in renovated historic buildings, creating a diverse and unique urban environment.

Education

Santa Maria Maior and São Vicente offer a selection of schools and educational institutions catering to various age groups. While these areas may not have as many prestigious private schools as some other parts of the city, they are still home to quality primary and secondary schools.
Notable schools in the region include Escola Secundária Dona Filipa de Lencastre (a renowned public high school) and Escola Secundária de Dona Maria II, offering strong education at both primary and secondary levels. The area also provides proximity to higher education institutions such as Universidade de Lisboa and Universidade Nova de Lisboa, making it attractive to students looking for accommodation in the city center.

Healthcare

Residents of Santa Maria Maior and São Vicente benefit from excellent healthcare facilities within easy reach. The area is home to several well-regarded hospitals, clinics, and specialized medical centers that offer comprehensive healthcare services.
Key healthcare providers in the area include Hospital de Santa Maria, one of Lisbon’s major public hospitals, and Hospital São José, both offering a range of medical specialties. Additionally, numerous private clinics and healthcare providers ensure high-quality services are available to the neighborhood's residents.

Services Hub

The old town of Lisbon offers an abundance of essential services, such as supermarkets, pharmacies, banks, and post offices. The vibrant local markets (such as Mercado de Santa Clara and Mercado da Ribeira), as well as numerous shops and businesses, ensure that residents’ daily needs are well-catered for.
For shopping, the nearby Baixa and Chiado areas are home to an array of boutiques, luxury retailers, and department stores. These neighborhoods also offer various cafes, restaurants, and local shops, adding to the dynamic urban environment.

Cultural Scene

Santa Maria Maior and São Vicente are steeped in history and culture, making them one of the most interesting areas in Lisbon for both residents and visitors. The Alfama district, in particular, is home to some of the city’s oldest buildings, and the area is famous for its fado music, a genre that embodies the heart of Portuguese culture.
The neighborhood also offers historic landmarks such as the São Jorge Castle, Sé Cathedral, and Miradouros (viewpoints) like Miradouro da Senhora do Monte, where stunning views of the city can be enjoyed. Cultural events, museums, and galleries such as the Museu do Fado and Museu de Lisboa add to the area's vibrant cultural scene.

Real Estate

Santa Maria Maior and São Vicente represent some of Lisbon's most historic and culturally rich neighborhoods, with a mix of traditional properties and modern apartments in renovated buildings. These areas are highly desirable due to their charm, central location, and strong connection to Lisbon’s cultural heritage.

Market Trends in 2024

In 2024, the real estate market in Santa Maria Maior and São Vicente has experienced consistent growth, with property prices continuing to rise. The average property price per square meter in these neighborhoods has been:

€5,300/m², reflecting the demand for both historic homes and renovated apartments in the heart of Lisbon.

The demand is driven by the historic charm, cultural significance, and the central location that offers easy access to key attractions, businesses, and public transport.

Rental Market

The rental market in Santa Maria Maior and São Vicente is strong, attracting both locals and international tenants. The average rental price per square meter in the area in 2024 has been:

€27/m² for apartments, with prices varying depending on size, location, and condition.

Rental prices have increased in 2024 due to the ongoing demand for centrally located properties that offer easy access to Lisbon’s key cultural sites and business districts.

Year-on-Year Growth

Property prices in Santa Maria Maior and São Vicente have increased by approximately 5-7% year-on-year in 2024.
The growth is supported by continued demand for both residential properties and short-term vacation rentals, especially in the Alfama and Mouraria areas, which remain incredibly popular with both tourists and long-term residents.

Investment Potential

Santa Maria Maior and São Vicente continue to offer strong investment potential, particularly for those interested in acquiring historic properties that have been renovated or are in need of refurbishment. The ongoing development of these neighborhoods, combined with their strong demand, ensures consistent capital appreciation and rental income potential.

In conclusion, these areas are prime for long-term investment, offering both cultural richness and stable growth in Lisbon's real estate market. Investors can expect solid returns, especially as the neighborhoods continue to be revitalized and attract both locals and expatriates looking to live in the heart of Lisbon.

Data Source: Casafari platform - Gather all the properties info in the market.

Informaton updated every Quarter.