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, 1-bathroom apartment of 99 m², built in 2000, energy rating D. Located Armação de Pêra parish, Silves municipality, Faro district. Highlights: This apartment features versatile extra room ideal for office use and a well-maintained swimming pool, enhancing the lifestyle experience in a desirable coastal location.
The valuation. The asking price of €279,000 sits significantly above fair value at €176,340, representing an excess of €102,660 (36.8%). This property is overpriced based on its current condition and market comparables.
Fair value modelled at €176,340 from the area baseline, adjusted for condition and location. Asking €279,000 sits €102,660 (36.8%) above — overpriced versus fair value.
Asking €279,000 versus the Armação de Pêra, Silves, Faro area baseline of €169,983 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 65 · Materials 70 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Armação de Pêra, Silves, Faro
Area baseline €169,983 + condition -€9,281 + location +€15,638 = modelled fair value of €176,340 (€1,781/m²), a €102,660 (36.8%) gap versus the €279,000 asking price.
Short-term vacation rental This property, with a listing price of €279,000, is overpriced compared to the fair value of €176,340, presenting a significant gap of 36.8%. Furthermore, its gross yield is 0%, making this investment unappealing for those seeking return from vacation rentals in a tourist-centric region. Buy-and-hold Although the area is focused on tourism which could positively influence long-term appreciation, the current listing price indicates that the property is overpriced at €279,000 versus a fair value of €176,340. Investors should be wary, as the expected returns may not justify the inflated price, especially given the gross yield of 0%. Long-term rental With a fair value of €176,340 and a listing price reflecting a 36.8% premium, this property is overpriced for long-term rental prospects. The lack of yield further suggests that this investment may not yield sufficient returns to cover the elevated entry cost, particularly in a market primarily driven by tourism rather than stable, long-term residency demands.
Economic Uncertainty Risk With an economic stability score of 65/100, the property may face challenges related to fluctuations in the local economy that can impact rental income and property value.**
