This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
2-bedroom, 2-bathroom apartment of 130 m², built in 2009. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts a terrace with sea views and is part of a private condominium offering extensive amenities including a heated indoor pool and tennis courts.
The valuation. The asking price of €450,000 sits €199,023 above the fair value of €250,977, making this property overpriced by 44.2%. This significant disparity suggests caution for potential investors.
Fair value modelled at €250,977 from the area baseline, adjusted for condition and location. Asking €450,000 sits €199,023 (44.2%) above — overpriced versus fair value.
Asking €450,000 versus the Portimão, Portimão, Faro area baseline of €420,940 (€3,238/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 80 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 68). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €420,940 + condition +€8,125 + location +€19,642 = modelled fair value of €250,977 (€1,931/m²), a €199,023 (44.2%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 4bc7e5 | Subject | €450,000 | €3,462 | — | 75 | 72 |
| rua Vale de Lagar, 21 | Active | €274,800 | €2,893 | 16.4% | 70 | 62 |
| Portimão · 956a24 | Active | €500,000 | €4,808 | 38.9% | 70 | 67 |
| Portimão · dee648 | Active | €350,000 | €3,684 | 6.4% | 75 | 76 |
| Portimão · 73568c | Active | €445,000 | €7,295 | 110.7% | 80 | 75 |
| Median comp | €397,500 | €4,246 | 22.7% | 73 | 71 |
Short-term vacation rental While the property is located in a prime tourist area of Algarve, its listing price of €450,000 is 44.2% above its fair value of €250,977, indicating it is overpriced. At a gross yield of only 3%, potential returns may not justify the high entry cost for investors targeting vacation rentals. Buy-and-hold Investing in this 2-bed apartment for a long-term hold is less appealing given that it is priced significantly above its fair value, limiting the potential for future appreciation. The current yield of 3% gross does not sufficiently compensate for the elevated purchase price, reducing the attractiveness of the buy-and-hold strategy. Family rental Though the property could serve as suitable family rental accommodation in a decent neighborhood, the listing price compromises its feasibility as an investment due to being overpriced by 44.2%. The low gross yield of 3% further signals that it may not attract family renters looking for competitive pricing in the market.
Economic fluctuation risk The economic stability score of 65/100 indicates a moderate risk of economic downturns affecting property values and tenant occupancy rates.
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