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 180 m², built in 2001. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts a large living and dining space with panoramic windows that enhance the overall brightness and offer stunning views of the surrounding landscape.
The valuation. The asking price of €578,000 is significantly above the fair value of €340,417, reflecting an overpricing of €237,583 (41.1%). This substantial discrepancy indicates that the property is not a financially sound investment at its current asking price.
Fair value modelled at €340,417 from the area baseline, adjusted for condition and location. Asking €578,000 sits €237,583 (41.1%) above — overpriced versus fair value.
Asking €578,000 versus the Alvor, Portimão, Faro area baseline of €309,060 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 73 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Alvor, Portimão, Faro
Area baseline €309,060 + condition +€1,687 + location +€29,670 = modelled fair value of €340,417 (€1,891/m²), a €237,583 (41.1%) gap versus the €578,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · cfe295 | Subject | €578,000 | €3,211 | — | 73 | 74 |
| praceta dos Cooperantes, 18 | Active | €310,000 | €2,925 | 8.9% | 80 | 73 |
| Portimão · 090219 | Active | €499,000 | €2,835 | 11.7% | 77 | 73 |
| rua Vale de Lagar, 21 | Active | €274,800 | €2,893 | 9.9% | 70 | 62 |
| rua José Manuel Valverde | Active | €310,000 | €2,870 | 10.6% | 70 | 72 |
| Median comp | €310,000 | €2,882 | 10.3% | 74 | 73 |
Short-term vacation rental Given the property's listing price of €578,000 compared to a fair value of €340,417, it is overpriced for the short-term vacation rental market. The area's reliance on seasonal employment and lack of robust rental yield further diminishes its appeal in this segment. Long-term rental With a gross yield of 0%, this property is not positioned to generate satisfactory returns in the long-term rental market, especially at its current price. The significant gap of 41.1% from fair value indicates that potential long-term tenants may seek more competitive pricing elsewhere. Family rental Although the property has a reasonable condition score of 76/100, its high asking price makes it less attractive for families seeking rental options. The neighbourhood's average rating of 74/100 does not justify the inflated cost, leading to potential challenges in securing long-term tenants. Not ideal for: Student housing Given its high price point and the competitive nature of the student housing market, this property is not an ideal option for students. The economic stability of the area is impacted by seasonal employment, further reducing its desirability in this segment. Not ideal for: Luxury market The property does not align with luxury market expectations due to its significant overvaluation and lack of notable high-end features. With a fair value substantially lower than the listing price, it is difficult to position this apartment as a desirable luxury rental opportunity.
Economic Impact Risk With an economic stability score of 65/100, there is a medium risk of decreased property demand due to potential economic fluctuations affecting tenant retention and payment reliability.
