It was officially announced yesterday that Lisbonâ€™s City Hall is selling six of its historic palaces and mansions to be converted into boutique hotels. They date from the 18th to 19th centuries and are in an advanced state of decay, therefore needing major restoration works but with the possibility of being turned into some of Lisbonâ€™s most fantastic places to stay.
Under the title â€œLisbon, The Capital of Charm,â€ the sale will take place starting next month, with prices ranging from 400,000 to 4 million euros. The most expensive one has a private garden and is located not far from the National Pantheon, while Braamcamp Palace by the Santa Catarina viewpoint would offer some wonderful rooms with views.
Once turned into hotels, these will be small, charming or luxurious properties known as boutique hotels, and will offer between 15 to 40 rooms (at the moment there are already more than a handful of hotels of that category in Lisbon, which includeÂ As Janelas Verdes and York House in the Lapa quarter, Solar do Castelo by St. Georgeâ€™s Castle, and Britania and Bairro Alto Hotel closer to the center of the city).
If you donâ€™t have those millions to buy the palatial properties for sale but still would like to make an investment in Lisbon, thereâ€™s another opportunity across the river. Close to the beaches of Sesimbra and not far from the Troia resort there is a plot of land being sold where you can build your dream home, which you can read more about here.