Nestled within the vibrant city of Lisbon, Campo de Ourique is a historic neighborhood known for its rich cultural heritage and charming streets. Originally developed in the late 19th century, it has retained much of its classic charm while adapting to modern urban dynamics. Visitors will find historical sights such as the Santo Condestável Church, a testament to the area's architectural brilliance. This charming quarter is geographically well-placed, only a short distance from the picturesque Monsanto Forest Park and within easy reach of Lisbon's central districts.
The Luxury Real Estate Market in Campo de Ourique
The luxury property market in Campo de Ourique is currently stable, characterized by a healthy balance between supply and demand. Known for its exclusivity, the neighborhood offers a selection of elegant apartments and luxury homes that attract discerning buyers. The current political and economic climate in the area is stable, providing a sense of security for prospective investors. Buyers and sellers in Campo de Ourique should anticipate real estate commission fees of approximately 5% to 6%, which is typically shared between both parties.
Additional Costs and Taxes
When purchasing a luxury property in Campo de Ourique, buyers need to budget for several additional costs. These include a property transfer tax, typically set at a rate of 6% to 8%, along with notary fees and legal costs. Recent changes in tax law mean that selling your primary residence is now exempt from capital gains tax under certain conditions, whereas second homes incur this tax on profits. Additionally, Portugal applies a wealth tax on property holdings above €600,000, although this is subject to policy adjustments.
Luxury Living in Campo de Ourique
Campo de Ourique is renowned for its leafy streets and vibrant community atmosphere, offering a range of premium lifestyle amenities. The neighborhood is home to the prestigious French Lycée Charles Lepierre, making it an attractive destination for expatriate families. Individuals seeking cultural enrichment will enjoy exploring nearby museums and theaters such as the Mãe d'Água das Amoreiras, a unique historical site. For those passionate about gastronomy, high-end dining options abound, including the much-celebrated Coelho da Rocha Restaurant.
Connectivity and Infrastructure
Conveniently situated, Campo de Ourique is well-served by Lisbon's public transportation network, offering seamless connections via road or rail to Lisbon's bustling centers. It is approximately 10 kilometers from Lisbon's Humberto Delgado Airport, making international travel easily accessible. Quality infrastructure and amenities, including healthcare facilities such as the nearby Hospital de Santa Maria, ensure a comfortable lifestyle for residents.
Nature and Leisure Activities
Surrounded by lush landscapes, Campo de Ourique offers residents abundant opportunities for outdoor leisure. The adjacent Monsanto Forest Park provides an ideal setting for jogging, hiking, and enjoying nature. The area's moderate climate, characterized by warm summers and mild winters, is perfect for year-round outdoor activities. This harmonious blend of urban sophistication and natural beauty makes Campo de Ourique a coveted location for luxury living.