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 140 m², built in 2009, energy rating B. Located Portimão parish, Portimão municipality, Faro district. This apartment features a functional equipped kitchen and all rooms with balconies, enhancing outdoor access and natural light throughout the living space.
The valuation. The asking price of €360,000 is significantly above the fair value of €254,971, representing an excess of €105,029 or 29.2%. This assessment categorizes the property as overpriced.
Fair value modelled at €254,971 from the area baseline, adjusted for condition and location. Asking €360,000 sits €105,029 (29.2%) above — overpriced versus fair value.
Asking €360,000 versus the Portimão, Portimão, Faro area baseline of €240,380 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 (Condition 70 · Materials 75 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €240,380 + condition -€6,563 + location +€21,153 = modelled fair value of €254,971 (€1,821/m²), a €105,029 (29.2%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 65a47c | Subject | €360,000 | €2,571 | — | 70 | 72 |
| rua Francisco Alvo, 5 | Active | €435,000 | €2,277 | 11.4% | 78 | 75 |
| urbanização Encosta do Pateiro | Active | €420,000 | €3,043 | 18.4% | 71 | 68 |
| Portimão · 4a81a4 | Active | €425,000 | €3,728 | 45.0% | 75 | 70 |
| Portimão · 6d5229 | Active | €540,000 | €2,512 | 2.3% | 75 | 73 |
| Median comp | €430,000 | €2,778 | 8.0% | 75 | 72 |
Short-term vacation rental This property in Portimão, listed at €360,000, exceeds its fair value by 29.2%, making it a poor investment choice for short-term vacation rentals despite the robust summer tourism. The gross yield of 3.8% does not justify the elevated price in a location with inherent seasonal demand fluctuations. Long-term rental While Portimão's housing demand provides potential as a long-term rental, this property is overpriced at €360,000 compared to a fair value of €254,971. The yield of 3.8% suggests that rental income may not sufficiently offset the high purchase price in a market affected by seasonal employment. Buy-and-hold Investing in this property as a buy-and-hold strategy is less attractive due to its listing price significantly above fair value, indicating potential challenges in achieving desired returns. The annual gross yield of 3.8% does not align with the investment risk, especially in a tourism-driven market experiencing volatility. Not ideal for: Student housing This property does not fit the student housing model due to the seasonal nature of Portimão, potentially resulting in extended vacancy periods in off-peak seasons. Not ideal for: Industrial investment The location's reliance on tourism and residential amenities does not support industrial investment, detracting from potential returns in this sector.
Economic Vulnerability The economic stability score of 65/100 suggests a significant risk of economic decline, which could impact rental income and property value.
