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.
3-bedroom, 2-bathroom apartment of 185 m², built in 2026, energy rating A. Located Portimão parish, Portimão municipality, Faro district. This property features a private rooftop terrace with a swimming pool, offering panoramic views and a serene outdoor retreat in the heart of Porto Covo.
The valuation. The asking price of €550,000 sits significantly above the fair value of €370,216, representing an overvaluation of €179,784 (32.7%). This property is not positioned as a sound investment given the substantial pricing discrepancy.
Fair value modelled at €370,216 from the area baseline, adjusted for condition and location. Asking €550,000 sits €179,784 (32.7%) above — overpriced versus fair value.
Asking €550,000 versus the Portimão, Portimão, Faro area baseline of €317,645 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 78 · Materials 82 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 80/100 (Housing Market 85 · Amenities 80 · Economic 75 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €317,645 + condition +€14,453 + location +€38,117 = modelled fair value of €370,216 (€2,001/m²), a €179,784 (32.7%) gap versus the €550,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 6d51c7 | Subject | €550,000 | €2,973 | — | 78 | 80 |
| Portimão · 0dcc96 | Active | €1,250,000 | €8,224 | 176.6% | 76 | 68 |
| Portimão · 82c82c | Active | €540,000 | €3,273 | 10.1% | 73 | 73 |
| Portimão · 96c64b | Active | €785,000 | €5,858 | 97.0% | 75 | 71 |
| Portimão · 99f185 | Active | €515,000 | €3,679 | 23.7% | 75 | 78 |
| Median comp | €662,500 | €4,769 | 60.4% | 75 | 72 |
Short-term vacation rental\nWith the property listing at €550,000 and a fair value of €370,216, the 32.7% gap indicates that buying for short-term vacation rental may not yield profitable returns at this price point. Despite the strong tourism influence, the zero gross yield further emphasizes that this investment is overpriced and lacks immediate rental income potential.\n\nBuy-and-hold\nInvesting in this 3-bed apartment as a buy-and-hold strategy seems unwise given its current price of €550,000, significantly above the fair value of €370,216, resulting in a 32.7% gap. While the neighborhood shows decent quality with an 80/100 rating, the property’s overpriced status implies limited long-term appreciation opportunities.\n\nLuxury market\nPositioning this property in the luxury market at €550,000 falls short, given its fair value assessment of €370,216 and a concerning 32.7% gap from fair value. The scarcity of yield, alongside high expectations for luxury investments, highlights that this property is overpriced and may deter affluent buyers seeking value.\n\nNot ideal for\nStudent housing, Long-term rental, Family rental: The property is not suitable for student housing or long-term rentals due to its high price point, which is €550,000, unsupported by the local rental rates. In addition, with a zero gross yield, it fails to meet financial feasibility for prospective family renters.
Potential for Economic Downturn The property faces a risk due to its economic stability score of 75/100, indicating that changes in the economic environment could negatively impact property values or rental income, despite a relatively strong tenant stability score of 80/100.
