A Misericórdia Property: Where Luxury Meets Local
When it comes to finding a property to purchase in Lisbon, the list of neighborhoods presents a conundrum as all offer attractive attributes and unique characteristics. However, a Misericórdia property allows for a set of advantages that specifically cater to the international crowd, the members of which crave luxury, convenience, and a sprinkling of local life.
The average price of Misericórdia apartments hovers around per sq. meter. For houses you can expect per. sq. meter.
Misericórdia also offers investment opportunities. These you will find here for per sq. meter on average.
Mixing with Misericórdia Residents
Nearly 70 percent of Lisbon residents own their homes, and with a euro that is hanging on by a thread, buying a Misericórdia property is sensible move as a first or a second property. According to the Financial Times, interest in purchasing property in Lisbon increased by 30 percent in the first quarter of 2016, and most buyers are in their late 30s to early 40s. New property buyers from other countries can take advantage of a Lisbon-specific non-habitual resident tax reduction for the first 10 years of owning of a Misericórdia property.
Picture by Maria Eklind via Flickr
Misericórdia is a centrally located district nestled between the neighborhoods of Baixa-Chiado and Santos, but it harbors the quaintness and ease of navigation that also can be found in a more tranquil satellite suburb.
Owning a Misericórdia property puts residents just 10 kilometers from Lisbon’s International Airport, and visiting and departing boats dock at the Cais do Sodré terminal, just 800 meters south of the southern edge of Misericórdia.
Both new and long-time residents of Misericordia melt into the local life quite easily. This is thanks to friendly vendors at street stalls, proximity to family-run restaurants, and a growing expatriate community. The majority of expats who have purchased property in Lisbon are from France, Switzerland, or Scandinavia. Schools in Misericórdia offer curricula in English, French, and German, catering to the largely international populace.
Hospital St. Louis is located in the center of Misericórdia on Rua Luz Soriano, just two blocks from the police station of Lisbon’s third squad (PSP).
The Perks of a Misericórdia Property
Including Lisbon’s Bairro Alto district, a Misericordia property serves as a central gateway to a cornucopia of cultural activity.
The recently opened Teatro do Bairro (2011) showcases a rotating program of the city’s best in music, theatre, dance, and progressive forms of art. Museums such as the São Roque Museum has been displaying some of the same classic art since 1905.
The street of the same name (Rua da Misericórdia) is decked out with colorful tiled façades and is rife with boutique shops and gourmet Michelin-starred restaurants like Tapisco, where a Catalan chef puts his spin on Spanish tapas, or 100 Maneiras where Portuguese dishes shine with a touch of Eastern European influence. A night out in Misericórdia is not complete without a taste of Portuguese wine which you can enjoy at BA Wine Bar.
The Beauty of Misericórdia
Misericórdia is also home to one of the most captivating views of Lisbon. These you can enjoy from the Miradouro de São Pedro de Alcântara, a hilltop park with a café, cascading fountain, and oftentimes a small weekend market.
Picture by Marco Verch via Flickr
Cycling routes along the Tagus River extend from central Lisbon all the way to the Tower of Belem.
Each June, residents and visitors celebrate the city’s Feast of St. António, also known as the Lisbon Sardine Festival. Sardines are sold from stalls along the streets during this celebration. Additionally, colorful parades flowing with streamers and balloons navigate the narrow alleys. The unofficial celebration also kicks off the summer season as more cafes and restaurants begin to open their al fresco dining patios.
With luxury around every corner and the rest of the city at your fingertips, it’s easy to see why a Misericórdia property is a worthy investment.
Hero picture by Paul Arps via Flickr