Braga Portugal Real Estate
Nestled in the northwestern corner of Portugal, close to the Spanish border, lies Braga, a city famous for its historic monuments, adorning landscapes, and quiet charm. In the first quarter of 2021, Braga has been voted as the best European destination. With this increased exposure and popularity, what does this mean for Braga Portugal real estate?
With over 2000 years of history, Braga is one of the oldest cities in Portugal. Today, you have cute coffee shops, cobbled streets, and top eateries, and there is a relaxed calm to the city that does not seem to be fazed by much. Take time for a café and some delicious Portuguese pastries, perhaps with the chime of the church bells ringing close by.
Braga Portugal real estate will likely become more sought-after in the coming years. At the moment, properties here are very affordable and, therefore, attractive for investors. Also, Portugal Golden Visa changes, whereby inventors can no longer invest in high-density areas, will mean that properties close to Braga will also rise on the list of prospective investment opportunities.
In this article, we’ll provide you with all you need to know about this charming little city in the north. From Braga’s history and cultural significance to information on prices and property types available, you’ll learn everything about this gem in the north. After this, we’ll determine why this part of the country- as opposed to the multitude of other beautiful locations – could be the perfect place for you.
The history of Braga
Civilizations in Braga date back to the Megalithic. Here, the region was part of Castro culture and became the domain of the Celtic tribe Callaici Bracarii. Following this, the Roman rule came to the area, pacifying the northern regions. Founded in 20BC, the civitas of Bracara Augusta grew over the first and second centuries and was promoted to the capital of the administrative area in the third century. What is now Braga became known as the “Portuguese Rome ” because of its many churches, chapels, and squares.
Later, the Suebi, a Germanic people from Central Europe invaded the Iberian Peninsula, ultimately creating a kingdom that spanned the north of Portugal, Galicia, and Asturias. Bracara was made the capital of the region, which would be under their control for 150 years. The Visigoths later took over the region, with Braga as its capital.
Braga and Religion
Braga would go on to be a very important piece for the Christianization of the Iberian Peninsula. Indeed, the first known bishop of the city, Paternus, lived in Braga in the fourth century.
The Moorish conquest, with the brief capture of Braga in the early eighth century, led to a period of decline for the city. However, under the lead of Alfonso III of Asturias and his Christian forces, the Moors were repelled. There continued to be a series of attacks by the Moors until 1040 when Ferdinand I of Léon and Castile and his forces would defeat the invaders.
Up until 1147, Braga developed around the cathedral and became the residential seat of the Portuguese court. The Archbishop remained as the most authoritative figure in the city. As the centerpiece of Christianity in Iberia, the city held a prominent role in medieval politics. For example in assisting in the Independence of Portugal in 1143.
16th Century to the Present
Given its distance from the coast, Braga did not share in the wealth that Portugal garnered from the Age of Discovery. In this, newer seats such as Lisbon, Coimbra, and Évora were favored.
Nonetheless, Archbishop Diogo de Sousa sponsored several city developments. Larger streets, public squares, hospital foundations, and new churches kept the city center modern. The cathedral was remodeled and expanded, with a new chapel in the Manueline style. From these changes, Braga evolved from a Medieval town to a Renaissance city.
Similar developments were made in the 18th Century, with architectural transformations in the Baroque style. This included churches, the municipal hall, public library, and the Sanctuary of Bom Jesus do Monte (a must-see if you are in the area). These renovations provide Braga with a taste of different architectural styles that make up present-day Braga.
The Battle of Braga took place in March 1809, when French troops took the town. During the subsequent Peninsular Wars, the city was relegated to its provincial status. The second half of the 18th Century saw new money and tastes instigating improvements in the city’s architecture and infrastructures. The 20th Century saw similar bouts of growth and decline, changing demographics and infrastructure to cater for increased demand.
Culture of Braga
These days, Braga still delights in its historic monuments, but also in its food and culture. Try the Francesinha (a meat-stuffed sandwich with a truly spectacular sauce), typical from northern Portugal, or dip into any of the local cafés for a sweet treat.
The city center retains its local feel and strangely still has the vibe of a small village. Indeed, the absence of large supermarkets has allowed local stores to flourish. After a few visits, you feel very much a part of the community, something that is missing in many other cities of its size.
As in any part of Portugal, art, music, and history are important aspects of life. You will regularly see art exhibitions, music concerts and there are many museums to dip into depending on your interests. In addition, the cathedral offers spectacular views of the city and the surrounding landscapes.
Note that Braga does not have the thriving music and culture scene you will find in Lisbon and Porto. You will however find more localized and small-scale art exhibitions and museums that are just as enjoyable.
In Braga, you are close to the Sanctuary of Bom Jesus do Monte, located on the slopes of Mount Espinho. As a UNESCO World Heritage site, it is well worth visiting this baroque-style sanctuary with surrounding gardens that were curated 600 years ago.
Braga Portugal Real Estate: Why Buy in the North?
A hidden gem
The North of Portugal is not as well-trodden as other parts of the country. Look past the hotspots- Lisbon, the Algarve, Porto – and you have beautiful properties, spectacular landscapes, and quieter cities. Indeed, the Algarve is expat-heavy, Lisbon is a international hub and Porto is fast becoming an investor’s dream.
If you would like a taste of the true Portugal, which is quieter and more relaxed than its larger counterparts, cities such as Braga offer this.
Additionally, Braga has been named as the best European destination for 2021, indicating its increased popularity and international recognition as a beautiful city.
The Portugal Golden Visa
The Portugal Golden Visa is a residency-by-investment scheme that provides investors with an entryway into Europe. There is also the possibility to attain citizenship after five years. To be eligible investors have to be non-EU residents and purchase a property in Portugal that is equal to or above €500K for acquisition and equal to or above €350K for rehabilitation projects. This decreases to €400K for acquisition in low-density areas and €280K for rehabilitation.
At present, investors can buy properties anywhere in Portugal to qualify for the Portugal Golden Visa. However, from 1 January 2022, investors will no longer be able to invest in high-density areas like Lisbon, Porto, and many popular coastal areas.
The thinking behind these program changes is to instigate development in the interior of the country. As such, the surrounding area of Braga will still qualify and will likely catch the eye of investors looking into the Golden Visa scheme from next year onwards, increasing the demand for Braga Portugal real estate.
Practicalities of Braga Portugal real estate
If you are looking to buy property in Portugal, the process is pretty straightforward for foreigners. However, it helps to have a simple guide that you can refer to in order to make buying a property as hassle-free as possible. Goldcrest, your real estate professionals based in Portugal, have done just that in our new e-book that features an easy six-step guide to making the process of buying a breeze.
Braga Portugal real estate: Property types
Apartments, houses, villas, estates, equestrian properties – you will find many types of properties in and around Braga. There are luxury properties here, where you will be able to have your perfect refuge from the world.
Braga Portugal real estate: Prices
To provide you with an indication of the prices of properties in and around Braga, here are some prices for the different property types. Please note that these prices are just some examples.
- A four-bedroom luxury apartment (260 sqm,) will likely cost you around €500,000, with balconies and a private garage.
- An eight-bedroom villa (1462 sqm inside, 4275 sqm outside), with an inside and outside pool, will cost you around €1,290,000.
- A 10-bedroom estate will cost you €4,000,000 (40.000 square meters).
- An equestrian property will cost you between €800,000 to €1,500,000.
Prices will vary depending on the size of the property, the location, whether the property is new or old, and whether the property has had renovations. Additional facilities and perks, such as a pool, a gym, parking, or a garden, will also boost up the price.