Alcântara - Misericórdia - Campo de Ourique

Nestled in the heart of Lisbon, Estrela boasts a rich historical tapestry with landmarks like the Basilica da Estrela and the enchanting Jardim da Estrela. Its prime geographical location on the western side of the city provides stunning views of the Tejo River and easy access to both urban life and natural beauty. Originally a noble area, Estrela retains an old-world charm, seen in its mix of opulent mansions and preserved 18th-century architecture. Today, it is a sought-after neighborhood that harmoniously blends cultural legacy with modern luxury living.

The Luxury Property Market in Estrela

The exclusive property market in Estrela is currently strong, with high demand continually outstripping supply. This results in a competitive market where luxury homes and apartments are hot commodities, attracting buyers from around the world. The political and economic situation in Portugal, including Estrela, is stable, contributing to buyer confidence and market strength. Typically, real estate commissions in Estrela are around 5-7%, with buyers and sellers usually sharing these costs. Additional expenses when purchasing property include a property transfer tax ranging between 6% and 8%, notary fees, and potentially, legal costs.

Prime Residential Areas

In Estrela, some of the most sought-after neighborhoods are Lapa, with its embassies and ornate villas, and the area around Jardim da Estrela which offers serenity amidst luxury. These areas are renowned for their exclusivity, making them highly desirable among luxury home buyers. Proximity to Lisbon’s city center further enhances their appeal.

Accessibility and Proximity to Major Hubs

Estrela is well-serviced by Lisbon's public transportation network, including trams and buses, providing easy connectivity to the rest of the city. The area is approximately 10 kilometers from Lisbon Portela Airport, facilitating both national and international travel. Additionally, the main train stations and major highways are easily accessible, ensuring seamless commutes.

Education and Institutions

The vicinity of Estrela is home to prestigious educational institutions, such as Lycée Français Charles Lepierre and the University of Lisbon. These institutions cater to a wide array of educational needs, ensuring quality schooling within reach for families residing in the area.

Natural Beauty and Climate

Estrela offers a picturesque environment characterized by the lush Jardins da Estrela and serene views of the Tejo River. The landscape is primarily urban, yet generously peppered with green spaces. The climate is Mediterranean, providing warm summers and mild winters, ideal for outdoor activities year-round.

Sports, Shopping, and Leisure

Residents of Estrela enjoy a wealth of sports and outdoor activities, from jogging in the scenic parks to tennis at local clubs. The area hosts luxury boutiques and designer shops for discerning shoppers. For dining, spots like Clube de Jornalistas and high-quality restaurants abound, offering world-class cuisine and ambiance.

Culture and Events

Estrela brims with cultural offer, including the National Museum of Ancient Art and annual events like the Lisbon & Estrela Open tennis tournament. The local arts scene encompasses museums and theaters that captivate residents and visitors alike.

Healthcare and Infrastructure

Healthcare in Estrela is robust, with access to facilities such as Hospital CUF Infante Santo. The public infrastructure is well-developed with modern amenities, ensuring a high quality of life for its residents. This comprehensive infrastructure supports the luxurious lifestyle that Estrela is renowned for.