In recent years, Lisbon has intently become one of the most popular places to live, work, or invest abroad. Correspondingly, Portugal registered a landmark: foreigners living there had exceeded 1.5 million.
This increase is indicative of how appealing the country is to foreigners looking for stability, quality of life, and fresh business ideas.
Several factors are there for this phenomenon. The first is the security factor: Portugal scores high in safety ratings, scoring close to 68.8% in safety rating among European nations in a 2024 survey.
The other is the capital and urban planning inflow into Lisbon, with the city trying to upgrade infrastructural works, housing, and cultural spaces.
Marvila’s Location and History
Marvila is the neighborhood in the East of Lisbon, located between the river (Tagus) and the new neighborhood and park of the Expo 98, Parque das Nações.
It was an area with industrial activities that were mainly factories, warehouses, and, in general, large and old buildings of the industrial history of Lisbon. As time passed many of the factories were either closed or left abandoned.
Marvila was like a blank canvas as Lisbon kept expanding. The old factories, warehouses, and industrial buildings that had lost their way are being changed into art galleries, loft apartments, creative spaces, eateries, and coworking centers.
Moreover, the place complements the deeds of the people: the river accessibility, the industrial plot sizes, the closeness to central Lisbon are the things that attract the real estate constructors. The artists who need space, yet do not want to pay the price of very central districts.
Marvila Real Estate: Investment Opportunities in Lisbon
Firstly, the big appeal is the value. The property rates in Marvila are going up very rapidly. For example, a report mentioned that within a year, the average price of the square meter had increased by 8%. Yet the majority of existing properties are still selling for less than the price of similar homes in central Lisbon.
The difference is what gives the investors a chance. They can make a purchase now and later when the prices go up further, they can sit back and enjoy the escalation of their assets.
The city of Lisbon has allocated almost €3 billion worth of public and private funds to renew Marvila for infrastructure, public spaces, and transport.
Another advantage is culture and lifestyle. Marvila is becoming an artists’ enclave, a foodies’ paradise, a techies’ hub, and a place for people who don’t like and want more than the well-known tourist corridors of Lisbon.
These are not just part of plans for the area to be used for work or short stays; green areas or riverside routes are also on their way to making the neighborhood more spacious and liveable.
Residential Real Estate in Marvila
People are attracted to this area because of the combination of tradition and new living options that the place offers. Most of the old warehouses and factories had been refurbished into large, loft apartments that retain the original high ceilings and industrial look.
Developers are also constructing apartment buildings right on the riverside with balconies, big windows, and views over the Tagus.
What draws people to Marvila is the point of price. When we compare with locations such as Alfama or Chiado, even after gradual price rises, the cost per square meter is still more or less affordable.
This is good news for those who are interested in buying homes but cannot afford the most expensive areas in the city center.
Portugal procured the 34th spot in CEO World Magazine 2024 survey of the best-performing education systems, outperforming Italy, Spain, and Malta.
With the presence of international schools and transport upgrades, the location is becoming more and more attractive to young families who are relocating here.
Commercial Real Estate in Marvila
With Marvila residential prosperity, this area is turning into a commercial real estate investor’s dream. The converted warehouses stocked with vast and flexible spaces at relatively lower prices than those found in the well-established office districts of Lisbon are an irresistible attraction to start-ups and creative businesses.
International attention is another factor behind the traction of commercial property. Lisbon has turned out to be a tech-savvy city boasting of numerous entrepreneurs who have moved in from different European cities. Event spaces are also contributing to the change.
Music, conference, and cultural event venues, which attract steady rental demand, are being created out of the old warehouses.
The Rental Market in Marvila
As a result of the district being attractive to both locals and newcomers, rental demand in Marvila is increasing rapidly.
Short-term rentals, such as those used by tourists and remote workers, are popular because the area offers a unique mix of culture and affordability.
The future of long-term rentals looks equally bright. Marvila has become the favorite place for expats, international students, and young professionals working in Lisbon.
Tenants are attracted to the modern apartments as well as the refurbished industrial spaces that give them a chance to be different from the traditional city flats.
Marvila competes with Lisbon’s established neighborhoods when it comes to property returns. Property purchasers in this location are frequently rewarded with solid profits as a result of the equilibrium between property cost and rental demand.
Government and Infrastructure Projects in Marvila
One of the factors that sparked the greatest interest in the Marvila real estate is the extensive range of government and corporate investments in this neighbourhood.
The city of Lisbon has already signed the cheques for ambitious renovation plans that are estimated to be worth about €3 billion with a major part of the funds directly allocated to Marvila.
These developments include new housing, art projects, and large upgrades to public spaces. The goal moves beyond simply turning Marvila into a residential area, but making it the heart of Lisbon’s future expansion.
Transport will play a significant part in this transition as well. They are extending bus routes, and facilitating access to Lisbon’s metro system.
Open and recreational areas are going to be a part of the future too. The people in power want to see more parks, walking and cycling tracks and other ways to enjoy nature.
There are developments going on in the waterfront areas along the river Tagus, thus giving Marvila a lifestyle avatar.
Long-Term Outlook for Marvila Real Estate
The future of Marvila looks positive. As the city undertakes large infrastructure projects, residents and visitors from all over the globe will be drawn to Lisbon, and foreign migration to Portugal will be steady. Marvila will be a district with strong demand for both residential and commercial properties.
Those investors who step into the market now will most likely be rewarded with capital growth as the area evolves. The highest profits are usually seen by early buyers in the districts undergoing a transformation.
Marvila’s perspective is also being lifted by another supporting factor which is Portugal’s increasing importance as a destination for foreigners. More and more professionals, students and families are opting for Portugal because it is the safest place with the highest quality of life.
Marvila may turn out to be one of the most representative places of the cultural and economic life of Lisbon when we look into the future ten years. Property prices will go even higher as the movement of businesses continues, the rental demand gets stronger, and public projects are completed.
Find Your Dream Property with Us
Portugal Investment Properties is your gateway to smart real estate investments in Portugal, offering savvy investors access to an exclusive collection of carefully curated properties.
Whether you’re searching for your dream home or a prime investment opportunity in Portugal’s prestigious market, we provide more than just listings – experience a personalized journey tailored to your aspirations.
Begin your journey to discover your perfect Portuguese retreat. Contact us today!
Frequently Asked Questions
What makes Marvila real estate to be attractive for investors?
Marvila real estate prices are reasonable. It has become a place for excellent residential and commercial real estate in Lisbon.
Is Marvila safe?
Yes, Portugal ranks among the safest countries in Europe with a 68.8% score. This makes it a very good environment for investors and house buyers.
What can i find in Marvila?
Marvila comprises old industrial loft conversions, materialistic modern apartments, and riverfront housing. Such a variety of traditional and contemporary properties is the best choice for those who would like to have both beautiful and standard homes in Lisbon.
What is the current status of the housing market in Marvila?
Marvila’s demand for rental properties is increasing due to the rise in the number of tourists, professionals, and expats. With the current rental rates and yields, investors can expect to have returns from both their short-term rentals and long-term tenants.
What are the differences between Marvila and other Lisbon neighborhoods?
Marvila’s is one of the neighborhoods with the most excellent qualities, it offers more value than the historical district of Alfama and also has more potential for growth than the well-established Parque das Nações.
TABLE OF CONTENTS
LOOKING TO INVEST IN PORTUGAL?
Discover 100+ Investment New Projects. Start now!
