Misericórdia, located in the heart of Lisbon, is steeped in rich history and cultural heritage. This picturesque neighborhood offers historic sights including the iconic Basílica dos Mártires and the charming Santa Catarina Viewpoint, providing a breathtaking panoramic view of Lisbon. Its cobblestone streets are nestled between the vibrant Cais do Sodré and the luxurious Chiado, making it geographically significant and easily accessible. Over the centuries, it has evolved from a small parish into one of Lisbon's most exclusive residential areas.
The Current Exclusive Property Market
The luxury property market in Misericórdia is currently strong, driven by high demand for its unique blend of historical charm and modern amenities. While the demand for luxury homes and apartments slightly outpaces the supply, the market remains buoyant with opportunities for buyers and investors. The political and economic situation in Lisbon and, by extension, Misericórdia, is stable, contributing to a favorable environment for real estate investments.
Commissions and Additional Costs
When buying a luxury home in Misericórdia, the average real estate commission paid by the buyer is around 2-5%, while the seller typically pays a similar rate. Additionally, buyers should account for costs such as a 6-10% transfer tax on private property, notary fees, legal costs, and possible construction inspections. It's also essential to be aware of the associated wealth tax on private property ownership and capital gains tax, especially if the property is sold as a second home.
Mortgage Requirements
General mortgage requirements in Misericórdia dictate that buyers should have a considerable ratio between own and foreign capital, with banks often requiring a minimum of 20% down payment. The maximum mortgage obtainable on the purchase price usually hovers around 80%, reflecting the wealth and financial stability required to invest in this prestigious area.
Sought-After Residential Areas
Some of the most expensive and sought-after residential areas in Misericórdia include neighborhoods around Príncipe Real, São Bento, and Rua da Rosa. These areas are renowned for their exquisite architecture, vibrant street life, and proximity to exclusive shops and cultural hotspots.
Accessibility and Proximity
Misericórdia is conveniently located with excellent accessibility by road and rail. It is about 2 kilometers from Lisbon’s downtown area and roughly 10 kilometers from Lisbon Airport, making it highly accessible for both local and international travel.
Education in Misericórdia
The vicinity of Misericórdia is served by some of Lisbon's top educational institutions, including the University of Lisbon and several esteemed primary and secondary schools. This makes it an attractive location for families seeking quality education facilities.
The Natural Environment
Misericórdia boasts a serene environment characterized by its beautiful gardens, like the Jardim do Príncipe Real, and its proximity to the Tagus River. The neighborhood enjoys a Mediterranean climate with hot summers and mild winters, ideal for outdoor leisure activities.
Luxury Lifestyle and Activities
Living in Misericórdia offers easy access to high-end shops, stylish boutiques, and luxury outlets particularly found in the nearby Chiado area. Sports enthusiasts can indulge in activities like rowing on the River Tagus or take leisurely walks in the lush parklands.
Gastronomy and Nightlife
Misericórdia is home to a plethora of well-known restaurants such as A Cevicheria and sophisticated hotels like The Lumiares Hotel & Spa. Exclusive nightlife venues and charming cafes line the streets, providing a vibrant yet refined atmosphere for residents and visitors alike.
Cultural and Sporting Events
The neighborhood hosts various annual cultural and sporting events, including the popular Lisbon Book Fair and the Santa Catarina Festivities. These events foster a sense of community and celebrate the rich heritage of the area.
Art and Culture
Misericórdia also offers access to prominent museums such as the National Museum of Contemporary Art and galleries like Galeria das Salgadeiras. The artistic and cultural scene is vibrant and accessible, bringing a creative spirit to the neighborhood.
Healthcare and Public Amenities
The public infrastructure in Misericórdia is well-developed, with several hospitals and clinics in close proximity, including Hospital de Santa Maria. The availability of modern amenities ensures a comfortable and luxurious lifestyle for its residents, making Misericórdia an elite destination for discerning homebuyers.
Dutch 
German 
Spanish 
French 
Arabic 
Chinese 
Russian