[Sadly] while AirBnB has made it easier for "tourists" to visit the cities it has accelerated the [ridiculous] house-price inflation, especially in short-term apartment/room rentals often pricing "locals" out of the market completely.
Coimbra https://en.wikipedia.org/wiki/Coimbra is a lovely city. It was second on our list precisely for the "intellectual vibe" (as you say).
What "swayed" our decision toward Braga was:
+ Much Closer to the Porto international airport via Bus, Train or Uber/Taxi. So getting to London/Paris/Frankfurt/etc. is a lot easier.
+ More existing companies both tech and traditional e.g: Bosch & Primavera. So the MeetUps are more "practical".
+ Lower latency and generally faster Internet.
Our plan in Braga is to "recover" abandoned buildings (which are currently empty/unused) and renovate them into amazing places to live & work for "location independent creative/technology professionals".
We are morally against Landlords/investors who are simply buying up the stock of available "rental" property and jacking up the prices so locals can no longer afford them.
It's 50mins train and 15mins uber, from Coimbra to OPO.
For reference, the car journey time at the 120kph highway speed limit between OPO and Coimbra is 125 mins see: https://goo.gl/maps/xosQureNf3x
By comparison the journey time (by car) between Braga and OPO is 39 mins i.e. less than half. see: https://goo.gl/maps/bN8GFy2UJoq
Trust me, we have done our homework on this. This was a major deciding factor. We still have a company in London and we need to go there frequently for in-person client meetings. Otherwise Coimbra would have been a no-brainer.
Our "sister company" has just opened a Student Residence in Coimbra: https://www.studentville.pt/en/cidades/coimbra We would have benefitted hugely from being there.
Much love to our Coimbra friends! :-)