Often compared to New York’s meatpacking district and the London East End, Marvila’s creative urban and industrial flair is plain to see. Once-derelict warehouses have been transformed into trendy offices and imaginative co-working spaces. Artists, artisans, and creatives have moulded Marvila’s streets into a vibrant collection of art galleries, film studios, design shops and sprawling vintage markets. Remote workers and digital nomads are also landing on this pocket of Lisbon as an inspiring place to live and work.
This up-and-coming district has become one of the capital’s high-tech centres; only the other day, it hosted part of Lisbon’s famous Web Summit at its very own Hub Criativo do Beato—the largest co-working space in Europe.
It is no wonder, then, that creatives, entrepreneurs, and the tech leaders of tomorrow are flooding to Marvila.
What makes Marvila a great place to live?
Marvila’s young population is bursting with innovative ideas. This not only opens up opportunities for collaboration and career progression but also creates an exciting environment to live in and visit.
Explore various cultural and creative venues such as the .insofar and Underdogs art galleries. Fábrica Braço de Prata, a former factory come-cultural centre, is also worth a visit. And as you wander around Marvila, you’re also likely to catch a glimpse of striking large-scale graffiti on the side of apartment blocks and renovated warehouses.
Then there’s the district’s quirky food and drink scene. Marvila combines traditional Portuguese cuisine with experimental presentation and artistic, foody flair.
In addition to some ultracool bars and restaurants, the district is home to its own brewery and a distinct collection of craft beer, including the first artisan beer ever produced in Lisbon.
A mere 6-minute train ride runs from Braço de Prata in Marvila to Lisboa, Santa Apolonia in central Lisbon. Over 160 trains run between Marvila and Lisbon’s city centre every week.
The rise of modern property in Marvila
As a creative and tech hub, Marvila has a growing population of high-calibre tenants in search of quality rental accommodation. Development projects are springing up across the district, offering modern properties and many loft-style apartments appealing to a young and affluent crowd.
Between Q1 2018 and Q4 2021, the median of prices/sq. m. increased by 124.9% (Statistics Portugal). This is largely due to a new wave of luxury residential developments being introduced to the market.
One of Marvila’s most renowned projects is Prata Riverside Village, a high-specification, masterplanned community on Lisbon’s iconic waterfront.
Designed by world-renowned architect, Renzo Piano, Prata Riverside is one of the fastest-selling projects in Portugal, offering studio – three-bedroom apartments and full rental management services for investors.
With a rapidly growing population and investment flooding into the area, Marvila is being hailed as “the place to be”. And for investors looking to buy in an emerging location, it is an opportunity not to be missed.
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