Norverde
Norverde is a Braga-based Portuguese residential real estate group operating through subsidiaries in brokerage, rentals, and condominium administration across three Portuguese offices, with structured outreach to the Portuguese diaspora in six countries.
- Company typePrivate
- Founded1996
- HeadquartersBraga, Portugal
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Norverde does
Norverde is a Portuguese residential real estate group headquartered in Braga, operating through three subsidiaries — Goãesinvest, Modulostur, and Imogoães — that collectively cover brokerage sales, long- and short-term rentals, and condominium administration. Founded approximately 30 years ago, the firm holds AMI License 16990 (the Portuguese real estate mediation license) and runs a multi-branch office network across Braga in the north, Vila Nova de Gaia in the central coastal region, and Quarteira in the Algarve, providing geographic coverage of Portugal's principal residential markets.
The business model is transaction-based and commission-driven on the brokerage side, supplemented by recurring fees from condominium management and holiday rental operations through Modulostur. Norverde has built a deliberate cross-border distribution layer, with dedicated outreach to Portuguese diaspora communities in France, Switzerland, Luxembourg, the United States, Canada, and South Africa — a segment the company treats as a core demand pool for domestic Portuguese property.
More recently, Norverde has begun moving up the value chain from pure intermediation into direct real estate development with the Flor do Minho residential project in Odivelas, signaling a shift from agent to principal-developer economics on at least one project. Operationally, the firm is a small organization (approximately 8 employees) and is not disclosed to be venture-backed or PE-owned; there is no evidence of proprietary technology, AI tooling, or data assets, and the digital presence is limited to a standard WordPress-based corporate site with country-segmented landing pages.
Norverde firmographics
Firmographics- Name
- Norverde
- Legal name
- Norverde - Administração Imobiliária Lda
- Website
- https://norverde.pt
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Norverde is a Braga-based Portuguese residential real estate group operating through subsidiaries in brokerage, rentals, and condominium administration across three Portuguese offices, with structured outreach to the Portuguese diaspora in six countries.
- Ownership category
- akta.pro rank
Norverde industry classification
Industry- Product category
- Real Estate Services
- NAICS
- Lessors of Real Estate (5311), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)
- SIC
- Real Estate (6500)
- akta.pro primary industry
- Condominium Association Management (BPAJAHAA)
Keywords
Where Norverde is headquartered
LocationHeadquarters
- HQ city
- Braga
- HQ country
- Portugal
- HQ region
- Europe
Offices3 records
Markets served
Norverde business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Property Sales: Sale of residential properties (apartments, villas, condominiums) developed by group companies Goãesinvest, SA, Modulostur, SA, and Imogoães, Lda. One-time transaction-based revenue.
- Property Rentals: Rental property management and intermediation services for residential and commercial properties. Recurring rental income streams from managed properties.
- Condominium Administration: Condominium management and administration services for property owners associations. Professional services revenue model.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Norverde product offering
Product offeringCore offering
Norverde Group is a Portuguese real estate company founded in 1996 and headquartered in Braga. Through its three subsidiaries (Goãesinvest, SA; Modulostur, SA; Imogoães, Lda), it intermediates the sale and rental of residential properties, administers condominium associations, and develops residential projects such as the Empreendimento Flor do Minho.
Product overview
Norverde Group operates as a real estate company offering a unified portfolio of property services. The core offerings consist of three interconnected services: property sales (Venda de Imóveis), property rentals (Arrendamento de Imóveis), and condominium administration (Administração de Condomínios). Additionally, Norverde promotes new residential developments under sub-brands such as Empreendimento Flor do Minho, which offers T2 and T3 apartments in Odivelas. The company operates across multiple Portuguese regions including Braga (headquarters), Porto, Lisboa, Vila Nova de Gaia, and Algarve, serving both domestic clients and the Portuguese diaspora in France, Switzerland, Luxembourg, USA, Canada, and South Africa.
Differentiator
Problem solved
Functional benefit
Products and services
- Venda de Imóveis (Property Sales)
- Arrendamento de Imóveis (Property Rentals)
Quantifiable outcome
- Professional property management ensuring tranquility for families and continuous customer loyalty
Companies that use Norverde
Customer profileSegments4 records
Ideal customer profiles2 records
Norverde technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Norverde partnerships and signals
Strategic signalScale indicators3 records
Recent moves4 records
Expansion highlights4 records
Norverde competitors and assessment
Company assessmentDirect peers
- ERA Imobiliária Portugal: Major franchised real estate network in Portugal offering property sales, rentals and management services nationwide. Comparable to Norverde in core mediation activities and multi-region Portuguese presence, with a stronger brand and technology platform.
- IAD Portugal: Digital-first real estate brokerage network operating in Portugal with a distributed agent model focused on residential sales. Comparable to Norverde as a residential brokerage peer, but with a more technology-driven GTM and lower physical-office footprint.
- RE/MAX Portugal: Large international real estate franchise operating across Portugal with residential brokerage, rentals and new development marketing. Directly comparable to Norverde's property sales, rental intermediation and multi-region Portuguese footprint, but at much greater scale and with a national agent network.
- Sotheby's International Realty Portugal: Luxury real estate brand with Portuguese presence focused on high-end residential sales and rentals. Comparable to Norverde's premium residential offering and Algarve/Lisbon coverage, but positioned in a higher price tier and serving international luxury buyers.
- CENTURY 21 Portugal: International real estate franchise with significant Portuguese market presence covering residential sales, rentals and property management. Directly comparable to Norverde's brokerage and rental intermediation model across multiple Portuguese regions.
- Porta da Frente Christie's International Real Estate: Portuguese real estate brokerage with offices across Portugal (Lisbon, Porto, Algarve) selling and renting residential properties. Directly comparable to Norverde in geographic footprint across the same prime corridors and in serving both domestic and international buyers.
- Keller Williams Portugal: International real estate franchise operating in Portugal with residential brokerage and rental services. Comparable to Norverde's core mediation activities and multi-region Portuguese presence, with stronger technology, training and agent network.
Broad incumbents
- Casais - Engenharia e Construção: Large Portuguese construction and real estate development group with property promotion and development activities. Comparable to Norverde's development subsidiaries (Goãesinvest, Modulostur) in construction and real estate promotion, but operating at a substantially larger scale.
- JLL Portugal: Global commercial real estate services firm active in Portugal across investment sales, leasing and advisory. Comparable as a real estate services peer covering both residential-adjacent and commercial property, but at much larger scale and focused on institutional and corporate clients.
- Savills Portugal: Global real estate advisory firm with a Portuguese office offering residential, commercial and investment property services. Comparable to Norverde in residential sales and rentals, but operates at a broader scale and serves higher-value and institutional clients.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat2 records
Key risks5 records
Key highlights6 records
Customer concentration
Norverde social profiles
Digital presenceNorverde compliance and trust
Trust signalCompliance1 record
Norverde financial estimates
Financial estimateRevenue estimate
Valuation estimate
Norverde leadership team
Management profileNumber of profiles
Profiles1 record
Norverde subsidiaries and ownership
Company hierarchySubsidiaries3 records
Norverde funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Norverde M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Norverde
What does Norverde do?
Norverde Group is a Portuguese real estate company founded in 1996 and headquartered in Braga. Through its three subsidiaries (Goãesinvest, SA; Modulostur, SA; Imogoães, Lda), it intermediates the sale and rental of residential properties, administers condominium associations, and develops residential projects such as the Empreendimento Flor do Minho.
Is Norverde a public or private company?
Norverde is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Norverde founded?
Norverde was founded in 1996. It employs 1 to 10 people.
Where is Norverde based?
Norverde is headquartered in Braga, Portugal, in the Europe region.
How does Norverde make money?
Three revenue lines are on record. Property Sales are the primary driver. The others are property Rentals and condominium Administration.
Who are Norverde's main competitors?
Direct peers on record are ERA Imobiliária Portugal, IAD Portugal, RE/MAX Portugal, Sotheby's International Realty Portugal, CENTURY 21 Portugal, Porta da Frente Christie's International Real Estate and Keller Williams Portugal. Broad incumbents are Casais - Engenharia e Construção, JLL Portugal and Savills Portugal.
Does Norverde have an API?
No public API is recorded for Norverde.
What industry is Norverde in?
Norverde's product category is Real Estate Services. Its primary akta.pro industry code is BPAJAHAA, Condominium Association Management. Its NAICS code is 5311 and its SIC code is 6500.