Fodor's Expert Review Mercado do Peixe

This upscale restaurant is easy to find—just head for the city's fish market. Widely considered to be the best place in town for fresh seafood, its specialties include caldeirada de enguias (eel stew) and arroz de bacalhau e gambas (rice with cod and prawns). The surroundings are a charming combination of industrial design and traditional tiles, with plenty of gleaming metal and large picture windows overlooking the canal.