Nestled in the heart of Lisbon, Santo António is a district renowned for its rich history and vibrant cultural tapestry. Once a part of the greater parish of Coração de Jesus, it has evolved into a bustling urban area blending historical charm with modern sophistication. The district is dotted with historical sights, including the grandeur of the Avenida da Liberdade and the iconic Marquês de Pombal Square. With its strategic geographical location, Santo António serves as a gateway to the luxurious lifestyle that Lisbon has to offer.
Current Real Estate Market in Santo António
The exclusive property market in Santo António remains strong, characterized by high demand and constrained supply, which maintains upward pressure on prices. The stable political and economic situation in Portugal further bolsters confidence among buyers, both local and international. The neighborhood's luxury apartments and historical townhouses are highly sought after, particularly in prestigious areas like Avenida da Liberdade and Príncipe Real. Buyers and sellers typically pay real estate commissions of around 5-7% on property transactions, split between both parties.
Costs and Taxes When Buying Luxury Property
When purchasing a luxury home or apartment in Santo António, prospective buyers should account for various costs. These include the Property Transfer Tax (IMT), ranging from 6-7.5%, notary fees, construction inspections, and potential legal costs. A wealth tax applies to properties valued above €600,000, while capital gains tax is charged on profit from sales for second homes. Mortgages cover up to 70-80% of the property value, contingent on income and credit criteria.
Prime Residential Areas and Accessibility
The most exclusive residences can be found near Avenida da Liberdade and in neighborhoods like Príncipe Real, cherished for their elegance and proximity to essentials. Santo António is well-connected by road, with easy access to Lisbon’s main arteries, and by public transport, thanks to its metro and bus network. Lisbon Airport is approximately 20 minutes away by car, facilitating both national and international travel.
Education, Healthcare and Infrastructure
Families benefit from proximity to prestigious educational institutions like the Lycée Français Charles Lepierre and Universidade NOVA de Lisboa, offering renowned academic excellence. Healthcare is readily accessible, with facilities such as Hospital de Santa Marta nearby. Public infrastructure in Santo António is modern and efficient, making it an ideal location for residing in comfort and style.
The Luxurious Lifestyle of Santo António
Santo António offers a plethora of luxury shopping options along Avenida da Liberdade, home to designer boutiques and high-end brands. This district is also known for its culinary offerings, with Michelin-starred restaurants like Eleven and Belcanto. Nightlife and entertainment further enhance the area's allure, featuring elegant bars and clubs that attract a sophisticated crowd. Annual events such as the Portuguese Festival provide cultural enrichment, while art enthusiasts can visit nearby landmarks like the Calouste Gulbenkian Museum and the National Museum of Contemporary Art.
Natural Beauty and Recreational Activities
The climate in Santo António is typically Mediterranean, with mild winters and warm summers, perfect for enjoying outdoor activities. The area is surrounded by verdant parks and gardens, such as the Jardim do Torel, offering serene retreats from urban life. Sports enthusiasts can engage in activities ranging from tennis at local clubs to golf at nearby courses, making Santo António an attractive destination for those seeking an active and upscale lifestyle.