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 93 m², built in 1993, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a terrace with potential for outdoor dining in a central location, enhancing both comfort and enjoyment of the Algarve's sunny climate.
The valuation. The asking price of €279,000 is significantly above the fair value of €158,475, reflecting an overpricing of €120,525 or 43.2%. This indicates that the property may not present a worthwhile investment opportunity at its current asking price.
Fair value modelled at €158,475 from the area baseline, adjusted for condition and location. Asking €279,000 sits €120,525 (43.2%) above — overpriced versus fair value.
Asking €279,000 versus the Portimão, Portimão, Faro area baseline of €301,134 (€3,238/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 (Condition 62 · Materials 66 · Room dimensions 67). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €301,134 + condition -€15,258 + location +€14,052 = modelled fair value of €158,475 (€1,704/m²), a €120,525 (43.2%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 65a73b | Subject | €279,000 | €3,000 | — | 62 | 72 |
| Portimão · 956ee1 | Active | €222,000 | €2,921 | 2.6% | 68 | 73 |
| rua Fernão Magalhães | Active | €405,000 | €3,022 | 0.7% | 68 | 69 |
| avenida São João de Deus | Active | €265,000 | €2,978 | 0.7% | 65 | 75 |
| rua da Raminha, 14 | Active | €345,000 | €3,833 | 27.8% | 65 | 71 |
| Median comp | €305,000 | €3,000 | 0% | 67 | 72 |
Short-term vacation rental This property, listed at €279,000, is overpriced with a significant gap of 43.2% compared to its fair value of €158,475, making it a less attractive option for short-term vacation rental in the competitive Algarve region. Despite the appealing local tourism, the gross yield of 4.4% does not justify the high acquisition cost. Long-term rental The 2-bed apartment in Portimão is overpriced, with a fair value of €158,475 that indicates it is not well-suited for long-term rental investments at its current listing price of €279,000, reflecting a 43.2% premium. The current gross yield of 4.4% is further diminished by the neighborhood's mixed rating of 72/100, which could impact tenant demand. Buy-and-hold With a fair value of €158,475 and a selling price of €279,000, this buy-and-hold strategy is compromised due to the property being overpriced by 43.2%, posing challenges for long-term appreciation. The overall condition rating of 65/100 also suggests that additional investment may be needed to maximize its potential as a long-term asset.
Economic Sensitivity With an economic stability score of 65/100, there is a high risk of economic downturns affecting rental income and property values.
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