Braga

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Real Estate Agencies

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Real Estate Agencies in Braga, Portugal

Overview

Braga, known for its rich history and vibrant culture, has a growing real estate market. Several agencies cater to both locals and expatriates, offering a range of services for renting and buying properties.

Key Real Estate Agencies

  1. Remax Braga

    • Services: Property sales, rentals, property management, and investment advice.
    • Website: Remax Braga

  2. Century 21

    • Services: Residential and commercial property sales, rentals, and market analysis.
    • Website: Century 21 Braga

  3. Era Imobiliária

    • Services: Buying, selling, and renting properties, as well as property valuation.
    • Website: Era Imobiliária

  4. BPI Expresso Imobiliário

Typical Costs

  • Renting:
    • One-bedroom apartments: €400 - €700 per month.
    • Three-bedroom apartments: €700 - €1,200 per month.
  • Buying:
    • Average price per square meter: €1,200 - €1,800.
    • Typical two-bedroom apartments: €100,000 - €200,000.

Procedures for Renting

  1. Search: Use online platforms or visit local agencies.
  2. Viewings: Schedule property viewings through the agency.
  3. Application: Submit a rental application, including proof of income and identification.
  4. Lease Agreement: Review and sign the lease; typically lasts for one year.
  5. Deposit: Pay a security deposit (usually one month’s rent).

Procedures for Buying

  1. Research: Identify desired neighborhoods and property types.
  2. Engage an Agent: Work with a local real estate agent for guidance.
  3. View Properties: Visit shortlisted properties.
  4. Offer: Make a formal offer through your agent.
  5. Contract: Sign a promissory contract (Contrato de Promessa de Compra e Venda) and pay a deposit (usually 10%).
  6. Final Purchase: Complete the sale at a notary, paying the remaining balance and associated taxes (IMT - Municipal Property Transfer Tax).

Local Considerations

  • Language: While many agents speak English, learning basic Portuguese phrases can be beneficial.
  • Cultural Norms: Understand that negotiation is common in both renting and buying.
  • Documentation: Ensure you have all necessary documents, including tax identification (NIF), proof of income, and identification.
  • Utilities: Confirm whether utilities are included in the rent or need to be set up separately.

Tips

  • Timing: The rental market can be competitive; start your search early, especially during peak seasons (summer).
  • Neighborhoods: Research neighborhoods like São Vicente, Maximinos, and Braga city center for different lifestyles and amenities.
  • Legal Advice: Consider hiring a lawyer for property purchases to navigate legalities and ensure all contracts are in order.

This structured approach will help you navigate the real estate landscape in Braga effectively.