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 139 m², built in 2004, energy rating D. Located on rua das Palmeiras, 99, Alvor parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes three private balconies offering views of the pool and tennis courts, enhancing outdoor living and leisure opportunities in a vibrant resort setting.
The valuation. The asking price of €395,000 sits €139,850 (35.4%) above the fair value of €255,150, indicating that the property is overpriced. This discrepancy raises concerns regarding its market viability.
Fair value modelled at €255,150 from the area baseline, adjusted for condition and location. Asking €395,000 sits €139,850 (35.4%) above — overpriced versus fair value.
Asking €395,000 versus the rua das Palmeiras, 99 area baseline of €480,106 (€3,454/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 70 · Materials 80 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 72 · Amenities 75 · Economic 55 · Tenant Quality 78). Strong amenities and housing-market momentum support a premium to baseline.
rua das Palmeiras, 99
Area baseline €480,106 + condition -€2,606 + location +€19,093 = modelled fair value of €255,150 (€1,836/m²), a €139,850 (35.4%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Palmeiras, 99 | Subject | €395,000 | €2,842 | — | 70 | 70 |
| praceta dos Cooperantes, 18 | Active | €310,000 | €2,925 | 2.9% | 80 | 73 |
| Alvor · 4b609e | Active | €270,000 | €3,857 | 35.7% | 70 | 68 |
| Portimão · 090219 | Active | €499,000 | €2,835 | 0.2% | 77 | 73 |
| praceta da Borralha, 2 | Active | €330,000 | €2,920 | 2.8% | 70 | 75 |
| Median comp | €320,000 | €2,923 | 2.8% | 74 | 73 |
Long-term rental The property’s significant gap from its fair value suggests an unfavorable entry point for long-term investment, as the gross yield of 3.1% is relatively low for the market. Additionally, the reliance on tourism creates challenges in tenant stability, potentially leading to inconsistent cash flow. Short-term vacation rental While the coastal location suggests potential for attractive short-term rental income, the property is priced 35.4% above fair value, compromising profitability. The limited economic diversity in the area heightens seasonal occupation risks, making it less appealing for vacation rentals. Buy-and-hold Investing in this property for a buy-and-hold strategy appears unfavorable due to its overvaluation, with a 35.4% premium over its fair market worth. Coupled with a moderately rated condition and neighborhood, long-term appreciation may not justify the initial investment cost. Not ideal for: Student housing, Luxury market, Industrial development
Moderate Economic Risk The economic stability score of 55/100 indicates potential vulnerability to economic fluctuations that could impact property value or rental income negatively.
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