Algés, nestled between the hills and the banks of the Tagus River, is a charming neighborhood in the Oeiras municipality of Greater Lisbon. Boasting a rich historical legacy, scenic landscapes, and an enviable location near the coast, Algés is a captivating prospect for affluent visitors or investors with an interest in Greater Lisbon’s real estate market.
Historical Significance & Location
Algés is one of the oldest and most prominent settlements in the Oeiras municipality. It offers panoramic views of the Tagus River and the iconic 25 de Abril Bridge. Its strategic position near the coast made it a vital location for fishing and maritime activities historically, with remnants of the old dock still visible today.
Investment Opportunities & Lifestyle
Algés presents diverse real estate opportunities ranging from vintage houses to modern apartments and commercial properties. With real estate prices per square meter ranging between €4,000 to €6,000 in 2023, the area has seen steady appreciation rates of 2% to 4% annually from 2020 to 2023. Its tranquillity, coupled with the convenience of amenities and proximity to Lisbon’s city center, make it an attractive investment destination.
Connectivity & Amenities
Algés offers excellent connectivity via road and rail. Algés train station provides direct access to central Lisbon and Cascais, and the A5 highway is nearby. Lisbon Portela Airport is approximately 20 minutes away by car.
Algés houses esteemed educational establishments such as the Colegio Maristas de Carcavelos and Saint Julian’s School, along with modern healthcare services. The area is also replete with upscale dining options, unique boutique stores, and vibrant outdoor markets, with the Algés Market, known for its fresh produce and seafood, standing as a key highlight.
The Attraction Factor
Algés is known for its natural beauty and cultural heritage. Key attractions include the Maritime Museum, which offers insights into Portugal’s seafaring history, and the Manuel de Brito Art Centre, which houses a significant collection of contemporary Portuguese art. Algés is also home to the NOS Alive music festival, one of Europe’s most respected summer music festivals.
Main Arteries & Parks
Algés’ main artery is the Avenida Combatentes da Grande Guerra, a wide avenue lined with shops, restaurants, and businesses. The neighborhood also features a host of scenic parks such as the Marechal Carmona Park, a verdant space perfect for leisurely walks and picnics, and the Jamor sports complex, which offers a range of sports facilities in a park-like setting.
Exclusive to Algés
Algés is uniquely positioned as a coastal retreat within a stone’s throw of Lisbon’s bustling city life. Its waterfront promenade along the Tagus River offers picturesque views, making it an exclusive feature of the area. The neighborhood is also known for its stunning sunset views over the 25 de Abril Bridge.
Investors or visitors will find Algés an enticing blend of coastal charm and suburban convenience, making it an ideal spot for real estate investment, leisurely explorations, and a serene lifestyle within easy reach of Lisbon’s vibrant city center
