Príncipe Real, an upscale neighborhood located north of Bairro Alto, is known for its charming historic architecture, culinary delights, trendy boutiques, beautiful gardens, and antique shops. Its rich history, sophisticated atmosphere, and potential for investment make it a prime destination for the wealthy visitor or investor.
Historical Significance & Location
Príncipe Real is an elegant district named after Queen Maria II’s eldest son. Located on one of Lisbon’s seven hills, it offers stunning views over the city and Tagus River. This district is characterized by 19th-century palatial buildings and is bordered by Bairro Alto to the south, Rato to the north, and São Bento to the west.
Investment Opportunities & Lifestyle
Príncipe Real is considered a prime area for investment in Lisbon due to its luxurious residential and commercial properties. In 2023, prices per square meter range from €6,500 to €9,000, with an annual appreciation rate of 3.5% to 6% from 2020 to 2023. This vibrant district attracts wealthy individuals and families seeking a refined and cosmopolitan lifestyle.
Connectivity & Amenities
The neighborhood is well-connected by public transport with the Rato metro station and various bus lines serving the area. Príncipe Real is home to prestigious schools, upscale restaurants and cafes, boutique shops, and cultural venues. A notable amenity in this area is the Embaixada, a 19th-century palace converted into an innovative shopping gallery hosting a variety of Portuguese brands and designers.
The Attraction Factor
Príncipe Real is known for its beautiful gardens, such as Jardim do Príncipe Real, a peaceful oasis perfect for relaxation. It houses several significant attractions, including the National Museum of Natural History and Science and the Botanical Garden, a haven of biodiversity right in the heart of Lisbon. The area is rich in antique shops and hosts a popular bi-weekly antiques and crafts market in the main square.
Main Arteries & Parks
Príncipe Real’s main artery is Rua da Escola Politécnica, which runs through the district, connecting to Rua D. Pedro V, filled with restaurants, cafes, and shops. Rua de São Marçal is another prestigious street known for its regal buildings. The district is home to two beautiful parks, Jardim do Príncipe Real and Jardim Botânico, which offer tranquil spaces amid the bustling city life.
Exclusive to Príncipe Real
Príncipe Real stands out for its unique blend of historic and contemporary elements. A hallmark of the area is the exotic Cedro do Príncipe Real, a centuries-old cedar tree that expands its branches like a giant umbrella, located in the Jardim do Príncipe Real. Additionally, the neighborhood is known for its thriving LGBT+ community and venues, contributing to its diverse, inclusive, and vibrant social scene.
Visitors and investors in Príncipe Real will discover a neighborhood that seamlessly combines historical charm with modern luxury, presenting a wealth of cultural experiences, exciting shopping opportunities, and considerable potential for property investments.