Best cities for investment: Braga

As you may already know, properties located in the two largest cities (Lisbon and Porto) or in the Portuguese coast are no longer eligible for the Golden Visa programme – which grants you a residence permit in Portugal in exchange for key investments.

But you can keep your hopes up! With those limitations come new opportunities to explore Portugal and enjoy the best that other destinations (both less crowded and less expensive) have to offer, especially since they’re not far from the aforementioned cities!

Make no mistake: even though the country is small, there’s always an interesting place in Portugal for different sorts of people, lifestyles, and preferences. Today, we explore one of its most exciting second-tier cities: Braga.

Braga: the oldest city is also the youngest!

A well-kept secret you must know about is Braga, which is located in northwest Portugal, near Porto. Even though it’s known as ‘the City of Archbishops’ and praised for the beauty of its religious architecture, this place is much more than a simple tourist destination.

In fact, Braga is known as the youngest city in the country (in terms of population), which is ironic since, according to History, it’s also the oldest city in Portugal (dating back to the Roman Empire). Behind such paradox, we find both the international relevance of the University of Minho and its ever-growing start-up culture.

Yes, Braga is the right city to invest in if you’re seeking innovation! From Engineering to Nanotechnology, this place has become a key location to a set of different businesses, including Construction, the Automotive industry, and even the Health sector.

International accolades

Over the past few years, the European and international public has become more aware of the competitive merits of this promising city. In the latest edition of its Portugal City Brand Ranking, Bloom Consulting described Braga as the third-best location for business in the country.

Meanwhile, Forbes believes Braga is one of the “20 best places for Americans to live, invest, and work in Europe”. Why? Apart from the dynamic economy we described, there are also other factors, such as the quality of life, overall safety, and its proximity to an international airport.

What are you waiting for? If you’d like to learn more about this city or about investing in Portugal, we’ll be more than willing to help you fulfil your goals!