We had a great time here. The panoramic view from the balcony is spectacular. Everything is really close by: good restaurants, parque das virtudes, … and climbing up and down all the tiny cobblestone streets and stairs is perfect free cardio workout.
For better or worse, keep in mind that lots of houses here are going through a massive rebuild. So you shouldn’t mind some construction noise during the day – as in most major cities (We didn’t mind).