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, 0-bathroom apartment of 139 m², built in 2021, energy rating A. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment boasts a spacious terrace with a barbecue area and panoramic sea views, enhancing outdoor living and entertainment options.
The valuation. The asking price of €690,000 is significantly above the fair value of €477,900, leading to a discrepancy of €212,100 (30.7%). Given this assessment, the property is clearly overpriced.
Fair value modelled at €477,900 from the area baseline, adjusted for condition and location. Asking €690,000 sits €212,100 (30.7%) above — overpriced versus fair value.
Asking €690,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €421,726 (€3,034/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 (Condition 82 · Materials 88 · Room dimensions 85). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 70 · Economic 70 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Albufeira e Olhos de Água, Albufeira, Faro
Area baseline €421,726 + condition +€17,375 + location +€38,799 = modelled fair value of €477,900 (€3,438/m²), a €212,100 (30.7%) gap versus the €690,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 49b83d | Subject | €690,000 | €4,964 | — | 82 | 73 |
| avenida Sá Carneiro | Active | €290,000 | €4,462 | 10.1% | 74 | 64 |
| Albufeira e Olhos de Água · 9567b4 | Active | €350,000 | €4,667 | 6.0% | 80 | 76 |
| rua das Alfarrobeiras, 158 | Active | €385,000 | €4,936 | 0.6% | 75 | 66 |
| Albufeira e Olhos de Água · 49b926 | Active | €420,000 | €6,364 | 28.2% | 76 | 72 |
| Median comp | €367,500 | €4,802 | 3.3% | 76 | 69 |
Short-term vacation rental Despite the property’s desirable location in the Algarve, the current listing price of €690,000 represents a 30.7% premium over its fair value of €477,900, reducing the attractiveness of potential short-term rental yields which stand at only 2.7% gross. This high price could deter vacationers looking for competitive lodging options in a market flooded with more reasonably priced alternatives. Luxury market The apartment may initially appeal to buyers in the luxury market, yet with a fair value well below the asking price, its €690,000 listing fails to attract serious luxury buyers who expect a balance of high quality and value. The surrounding amenities and the neighborhood scores do not align with what typical luxury investments warrant, indicating that the property is overpriced for its segment. Buy-and-hold While holding property in Albufeira may provide long-term appreciation due to tourism-driven demand, the substantial gap of 30.7% from its fair value suggests that purchasing this apartment as a buy-and-hold investment is not financially sound at €690,000. The current income yield of 2.7% gross further illustrates that the property does not offer an attractive return compared to regional alternatives that are more fairly priced.
Tenant turnover risk With a tenant stability score of 75/100, there is a potential risk of increased turnover, which could lead to higher vacancy rates and additional leasing costs.
