Santa Maria Maior, Lisbon

It is in Mouraria, land of Fado, that you will find this apartment with panoramic views of the Castle of S. Jorge and the city of Lisbon!Housed in a completely rehabilitated building, it is a very bright apartment. The apartment was also completely rehabilitated in 2019, respecting its original charm, maintaining unique elements such as the 'Pombalina cage'. Architectural project available to potential interested parties.The kitchen is equipped.The owner has a contract for 1 covered parking space, in a garage 2 minutes away on foot (value 180/month).Located in a surprising, authentic and multicultural neighbourhood. Central location, close to traditional shops and public transport.The recently built funicular connects Mouraria to Miradouro da Graa, further enhancing the area.Don't miss this opportunity. Book your visit now!For real estate investors, Mouraria presents compelling opportunities due to several key factors:1. Urban Regeneration and Infrastructure ImprovementsIn recent years, Mouraria has undergone significant redevelopment efforts aimed at preserving its historical charm while modernizing its infrastructure. Public and private investments have revitalized many of its historic buildings, transforming them into boutique hotels, upscale apartments, and co-working spaces.2. Strategic LocationMouraria is ideally located within Lisbons city center, offering easy access to key landmarks, transport hubs, and popular tourist destinations like Alfama and Baixa. Its proximity to public transportation, including the Martim Moniz metro station, makes it convenient for both locals and visitors. The location's walkability and close connection to Lisbons main business districts also make it attractive for rental properties.3. Rising Property ValuesWhile Mouraria has traditionally been more affordable than neighboring areas such as Chiado and Alfama, property values have been steadily rising due to increased demand and ongoing renovation projects. Investors can expect long-term capital appreciation as the neighborhood continues to develop. Furthermore, Mouraria is still seen as a place where you can find properties with excellent value for money, especially for those willing to invest in renovations or restoration projects.4. Tourism and Rental Income PotentialMouraria's rich cultural history, traditional Fado houses, and proximity to Lisbon's main attractions make it a magnet for tourists, ensuring a strong short-term rental market. Investors can benefit from high occupancy rates during the tourist season and consistent demand from long-term renters, particularly students, young professionals, and international residents who are drawn to the areas vibrant lifestyle. With Lisbon becoming an increasingly popular European destination, Mouraria's rental yields are highly attractive.5. Cultural Appeal and LifestyleInvestors in Mouraria are not only buying into a rising real estate market but also into the neighborhoods deep-rooted cultural significance. Its artistic and bohemian flair, combined with a growing number of trendy cafes, restaurants, and boutique shops, attracts a creative, cosmopolitan crowd. This cultural richness adds a unique selling point for properties in the area, making them more appealing to buyers and renters looking for an authentic Lisbon experience.6. Government IncentivesMouraria, being part of Lisbon's historic core, has benefited from government programs aimed at encouraging the preservation of historical buildings and promoting urban regeneration. Real estate investors can often take advantage of tax incentives, grants, or favorable lending conditions for restoration projects, which makes investing in the area more financially viable.