Baixa, Lisbon downtown, forgotten for many years is nowadays a potential new hip spot.
Rua dos Fanqueiros, Rua da Madalena, Rua da Prata, rua da Conceição are memory names for lisbonners. Once it was the shopping area, where ladies used to buy their fabrics but after the terrible fire of the 80’s in Chiado storehouses and the arrival of new modern malls, Rua Augusta for instance has been abandoned even if the Spanish Condé Nast traveller magazine has titled it one of the 15 world street to visit before you die. The beautiful Praça do Comércio has been rehabilitated, Rossio is brand new and some shops and design hotels are opening there. It is not however a neighborhood very safe at night.
Nowadays, Baixa is being rebuilt and most people are investing on its revitalization, from Baixa until Bica do Sapato. Campo da Cebolas, forgotten for a long time, has now it’s neighborhood market-share rising. For example, Pilar Saramago chose the famous building, called Casa dos Bicos, to install its Foundation.
Old buildings are usually sold in auction by lots, that is a good way to buy cheaper for big investors.
Baixa’s future is an open question. Lisbonners don’t seem ready to come back to the area and prefer the commodities of modernism and due to the reform of transit arrangements, it is true that the road traffic is chaotic, not even to mentioning the parking. It is on the other hand, a cultural heritage and tourism needs lisbonners to take care of this ancient district.