Last updated on June 6, 2024 | Est. Reading Time: 2 minutes
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Indulge in the refined elegance of Chiado, Lisbon’s most sophisticated neighborhood. With its designer boutiques, art galleries, and literary cafes, Chiado attracts a discerning crowd. Owning a property here means immersing yourself in a world of culture and style, with stunning views of the city’s iconic landmarks.
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Color Wheel Information
Color Meaning for Price and Price m²
The BuyProperty Color wheel compares prices from other properties in the same location with the same characteristics and represents prices using our color coding mechanism.
Property is 20% less than average price
Property is 20% above or below average
Property is 20% more than average price
Color Meaning for Rental Rate Yields
We compare properties in the same area with the same characteristics with properties on popular rental websites then combine average rate for the entire year. We multiply the average rental rate by the occupancy to find the estimated yield for each property.
Yield for this property is over 5%
Yield for this property is 3-5%
Yield for this property is below 3%
Holiday rental rates shows average throughout the year. Rate will be more during the summer and less during winter in general. Estimates are based on properties being refurbished as some properties in disrepair will not be able to get rates listed.
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This opportunity is ideal for those seeking to save or generate income while purchasing property in Portugal, whether it's for personal use or on behalf of others.
How do we calculate the distress level of each property?
A distressed property typically belongs to a bank or is set for a government auction. Buyproperty extends this definition by providing a distress and stress percentage for each property across Portugal. Properties in bank ownership or scheduled for government auction receive a distress rating of 100%. Moreover, Buyproperty evaluates the stress level of all other properties using 27 unique data points. These points consider factors such as the length of time the property has been on the market, the frequency of price reductions, the property type, and whether the local area is facing price declines, among others.
Chiado is undoubtedly one of the most desirable locations to live in or invest in property. Situated in the very centre of the Portuguese capital, this vibrant neighbourhood offers an unparalleled lifestyle, combining rich history, modern amenities, and a thriving cultural scene.
With excellent access to public transportation, navigating the city is a breeze. The area is also home to a wide array of shops, from high-end boutiques to charming local stores, ensuring that all your needs are met within walking distance. Foodies will delight in the countless restaurants that line the streets, offering everything from traditional Portuguese cuisine to international flavors.
Chiado’s appeal extends beyond its convenient location and amenities. The neighbourhood is steeped in history, with landmarks such as the magnificent Praça Luís de Camões or Elevador de Santa Justa right on your doorstep.
The majority of properties in Chiado are apartments, ranging from those in need of restoration to luxurious penthouse units with breathtaking views of the city. While houses are less common, they do occasionally become available, offering a unique opportunity to own a piece of history in this sought-after location.
The area’s popularity among both locals and tourists makes it an ideal choice for those looking to generate rental income. With the right property, you could create a fantastic short-term or long-term rental, capitalising on the neighbourhood’s enduring appeal.
Whether you’re seeking a primary residence or an investment property, this iconic neighbourhood offers an unrivalled combination of location, amenities, and charm.
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