Updated: April 2, 2024
Braga is a city and municipality in the north of Portugal and an excellent place for buying property if you want to settle in Europe. The city of Braga is gaining in popularity amongst international buyers all over the world, given its unique charm, excellent gastronomy, and booming tech sector.
According to the quality of life statistics by the European Commission, Braga was named the best European destination in 2021, and in 2020, Portugal’s happiest city as well as the fifth best European city to live in. All of this considered, navigating the real estate market in Portugal can be tricky. If you are looking to purchase the home of your dreams in this charming city, it is best to contact a real estate agent in Braga for help.
In this article, we will explore why working with an agency is well worth your while, how you can find the best estate agents in Braga and share more details about the real estate market, also referred to as the mercado imobiliário, in Portugal.
An Introduction to Braga’s Real Estate Market
The real estate scene in Braga is expanding, and this captivating town now offers a wide array of accommodation options for Portuguese citizens and foreign investors.
Be it personal, leisure, or business investments, many expats are including this district in their present search.
According to Numbeo, to rent a one-bedroom flat in the city center will cost €684 ($740), while a similar one outside the center will cost €561 ($607). If you are purchasing a flat in the city center, this will cost you €2,300 ($2,490) per square meter, while one outside the city center will cost you €1,217 ($1,317) per square meter.
Luxury properties
Luxury properties in Braga can vary from penthouses to multi-bedroom flats. Depending on the budget, there can be a private garage and balcony included as well. Homes with four to five bedrooms and a private balcony can cost around €500,000 ($541,000). For an apartment with 8-10 bedrooms or more, a pool, and other facilities, this will cost a lot more. Luxury villas with outside spaces range from €1,290,000 ($1,396,000) to €4,000,000 ($4,328,000).
Commercial or business flats
There is an ample number of houses located in the top regions of Braga which can be remodeled and used for commercial purposes. A spacious commercial building in Braga will typically cost you around €360,000 ($389,000).
Equestrian properties
There are many equestrian properties available in Braga where not only can a home be built, but several other types of real estate planning can also be visualized. You can build a farmhouse, a horse ranch, or a retirement villa in such properties. With an average area of 3000 sq ft to 5000 sq ft, vast fields, and state-of-the-art constructions, these properties can cost from €1,200,000 ($1,298,000) to €3,000,000 ($3,246,000).
Why do you need a real estate agent in Braga?
When you begin your search for property in Braga and other regions in Portugal, you will soon find that there is no one listing platform, such as Zillow in the US, where you can find all the listings available. Due to the fragmented real estate market in Portugal, the language barrier and limited local information, it can be tricky to find the type of property you are looking for. An English-speaking realtor in Portugal can be priceless in scouting out the perfect property and help you make an informed choice and a sound investment.
Expertise of the market
Property professionals have local knowledge of the real estate market and can help you by giving practical insights about new and popular listings in different areas.
Personalized property matching
The significance of real estate agents in the property acquisition process is undeniable. However, it’s crucial to choose services that align with your specific requirements. In contrast to conventional real estate agents in Portugal who work with both buyers and sellers, Goldcrest operates exclusively as a buyer’s agent, committed solely to serving the buyer’s interests and matching the property with your unique needs.
Navigating legal and financial processes
Real estate services should assist you with the legal documentation associated with your property. A dependable real estate agent will act as your reliable point of contact throughout the whole buying process. Some of the services may include:
- Assisting with the legal paperwork of your property
- Coordinating with real estate lawyers, the seller, and other relevant parties
- Conducting thorough checks on the property to verify the absence of any outstanding debts
- Ensuring the property’s legal construction status
- Verifying the ownership details and confirming the right of the owner/s to sell the property
- Facilitating the drafting and execution of contracts
How to Find a Real Estate Agent in Braga
When looking for the right real estate agent for you, there are some key aspects that you should consider, which we’ll provide you with more information on in this section.
Identifying your real estate needs
Defining your requirements is essential. You will need to decide on your dream property specifics—size, location, and style—to kickstart the search. Gather data on neighborhoods that you would like to consider and gain a basic understanding of the real estate market. Following this, you’ll be more prepared when speaking with prospective real estate agents.
Searching for agents
Today, most, if not all, companies have an online presence where you can find out about the company. Furthermore, you should be able to find online reviews from past clients detailing their experience with a company and agent. It’s important to request recommendations, check reviews, and contact agents aligning with your criteria to start the journey toward your dream home.
Evaluating potential agents
When deciding to move forward with the right real estate agent, make sure that you have in-depth conversations about what you are looking for. Talk to them about the kind of real estate services they provide, the kind of services you need, and their expertise in Portugal’s property market. Consider using the checklist below for a systematic evaluation of key criteria to help you make an informed decision when hiring a real estate agent or company focusing on residential purchases in Braga.
Consider using this checklist for a systematic evaluation of key criteria to help you make an informed decision when searching for the best real estate agent in Braga or a business focusing on residential purchases in Portugal.
Criteria | Evaluation |
Language Proficiency | Do they speak English? |
Experience with International Buyers | Can they provide project data proving experience? |
Property Market Insight | Do they have an exceptional understanding of the Portuguese real estate market to provide expert investment advice and services? |
Focus on Real Estate in Portugal | Is their service focused on real estate in Portugal? |
Track Record of Excellence and Communication | Do they maintain contact and have a track record of excellence? |
Business Credentials | Do they have business credentials to share with clients? |
AMI License Number | Do they have an AMI license number? |
Alignment of Company Values | Do their company values align with your interests? |
Real Estate Agent versus a Buyer’s Agent
It’s important to note that a real estate company primarily represents sellers and receive a higher commission for larger sales. On the other hand, a buyer’s agent exclusively works on your behalf as the client. They do not sell real estate but focus solely on assisting you. A buyer’s agent will support you throughout the entire process, starting from finding suitable properties through their exclusive network all the way to the acquisition stage, and will readily address any queries you may have. To help you understand the key differences between working with a buyer’s agent and a real estate agent, we have created a comprehensive guideline showcasing each option’s advantages and potential drawbacks.
Factors | Real Estate Agent | Buyer's Agent |
Work Scope | Facilitates transactions for various parties | Exclusively works for the buyer throughout the process |
Search & Selection Assistance | May present options, but not solely focused on buyer's needs | Focuses on finding options that suit the buyer best |
Representation | Represents the seller's interests primarily | Solely represents the buyer's interests |
Conducting Legal Checks | May overlook some legal checks for buyer's benefit | Ensures thorough legal checks for buyer's protection |
Language Assistance | Language proficiency may vary | Proficient in the buyer's language |
Negotiation | Represents seller's interests in negotiation | Negotiates exclusively for buyer's benefit |
Documentation Handling | May not prioritize all necessary documentation | Ensures all required documentation is in order |
Time and Cost Savings | May not optimize for time and cost efficiency | Saves time and money by focusing on buyer's needs |
Commission | Earns higher commission for higher sale prices | Does not earn based on sale price, focused on buyer |
Goldcrest: How We Can Help
Goldcrest is your one-stop solution for all real estate sale, purchase, and rental in Portugal. We offer key real estate services to help you buy properties in Portugal at the best price. With years of experience in the property market and strong ethics, our team can guide you in choosing the best feasible property in the most desirable locations in the country. You can book a free call to discuss your options.
Step-by-Step Guide For Your Property Journey
Now that we have explored the key benefits of working with a buyer’s agent like Goldcrest or real estate agents who speak English, and discovered more about the types of properties available, we have created a step-by-step guide to get you started on your successful property purchase journey.
Step 1: Request an appointment to discuss your specific needs.
Step 2: Your agent will conduct a property search and arrange viewings.
Step 3: Once you have reviewed the properties presented by the agent and shortlisted the ones that meet your requirements, you and your agent can formulate an offer for the property.
Step 4: Shortly after the offer is accepted, your agent will assist with completing legal paperwork and other necessary formalities.
Step 5: It’s time to close the deal. Your buyer’s agent can help you with finalizing the legalities of the purchase, help you sign contracts and legal documents, and ensure you understand and agree with other aspects of the purchase.
Frequently Asked Questions about How to Find a Real Estate Agent in Braga
How do I find a real estate agent in Braga for exapts?
Begin your search for a real estate company or consultant online. The process is the same, whether you are looking for a real estate agent for investment properties in Braga or for an agent that can help you find a family home.
It’s important to note that while traditional real estate agents will work on behalf of the seller and earn a higher commission for a greater sale price, buyer’s agents such as Goldcrest are committed to negotiating the most favorable price for you.
Is real estate expensive in Braga?
Depending on the amenities you are looking for, the price of real estate can vary in Braga. For example, a residential three-bedroom flat located in a well-connected region in Braga will most likely be less expensive than a penthouse or a luxury villa. Property prices in Braga are quite reasonable, where the average asking price of €2,300 ($2,490) per square meter.
How can I find a Braga real estate agent for luxury homes?
A real estate agency can assist you in locating high-end properties in Braga. A good way to begin is to research real estate agencies in the area, shortlist them, and then get in touch with each to see which one works best for you.
It’s important to note that while traditional real estate agents primarily work on behalf of the seller and earn a higher commission with a greater sale price, buyer’s agents such as Goldcrest are committed to negotiating the most favorable price for you.
How can I find affordable real estate agents in Braga?
To find affordable real estate agents in Braga, research local agencies, compare prices, ask for recommendations, and interview multiple agents. Balancing affordability with expertise is key for securing a top-rated real estate agent in Braga. In addition to residential property, you will also be able to find a real estate agent for commercial properties in Braga.
How can I find a Braga real estate agent for first-time buyers?
The process is the same if you are a first time buyer looking for an experienced real estate agent in Braga Portugal. A effective starting point is to research real estate agencies in the vicinity, create a shortlist, and subsequently reach out to each to determine the one that aligns most suitably with your needs.
How can I find a Braga real estate agent for rental properties?
To find a Braga real estate agent for rental properties, start by researching local agencies online, checking reviews, and contacting agents directly. Ask about their experience with rentals, fees, and services to ensure they can meet your specific rental needs.
How can I find a historic property real estate agent in Braga?
To find a real estate agent specializing in historic properties in Braga, research local agencies online, inquire about their experience with historical homes, and consider seeking recommendations. Connect with agents who have a track record in dealing with and understanding the unique aspects of historic properties. Goldcrest will be able to assist you with finding a historic property that meets your needs and assist you with navigating the legislation of historic buildings.
How to find a Braga real estate agent with good reviews?
Most real estate agencies have an online presence so you can quickly determine their relationship with clients and see their reviews.
