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 115 m², built in 2022. Located on praça da República, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Feature: This apartment boasts an extraordinary 214 m² private terrace with a swimming pool, providing an unparalleled outdoor living experience in the heart of Tavira. Additional Note: Two dedicated parking spaces within a secure gated community enhance convenience and exclusivity.
The valuation. The asking price of €525,000 is €65,525 above the fair value of €459,475, representing a 12.5% premium. As such, this property is deemed overpriced, making it less attractive for immediate investment.
Fair value modelled at €459,475 from the area baseline, adjusted for condition and location. Asking €525,000 sits €65,525 (12.5%) above — overpriced versus fair value.
Asking €525,000 versus the praça da República area baseline of €416,760 (€3,624/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 90/100 (Condition 90 · Materials 88 · Room dimensions 90). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 67/100 (Housing Market 60 · Amenities 68 · Economic 56 · Tenant Quality 72). Strong amenities and housing-market momentum support a premium to baseline.
praça da República
Area baseline €416,760 + condition +€14,375 + location +€28,340 = modelled fair value of €459,475 (€3,995/m²), a €65,525 (12.5%) gap versus the €525,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça da República | Subject | €525,000 | €4,565 | — | 90 | 67 |
| Conceição e Cabanas de Tavira · 82c7a5 | Active | €325,000 | €3,693 | 19.1% | 78 | 71 |
| praça da República | Active | €375,000 | €4,464 | 2.2% | 75 | 61 |
| Tavira (Santa Maria e Santiago) · 25f70c | Active | €360,000 | €3,830 | 16.1% | 75 | 62 |
| rua Tuberária Major S / N | Active | €450,000 | €4,245 | 7.0% | 75 | 71 |
| Median comp | €367,500 | €4,038 | 11.6% | 75 | 67 |
Short-term vacation rental The property, with a listing price of €525,000, is overpriced by 12.5% compared to its fair value of €459,475, making it a less attractive option for short-term vacation rental investments. Additionally, the 0% gross yield and somewhat lower neighborhood rating of 67/100 further detract from its viability in the competitive Algarve tourism market. Value-add renovation Given the condition rating of 90/100, there may be potential for value-add renovation; however, the current price remains significantly above fair value at €525,000. Investors should consider the 12.5% pricing gap, which complicates the return on investment from any planned improvements. Long-term rental While the property is ideally situated for long-term rental opportunities in the Algarve region, the listing price of €525,000 is 12.5% above its fair value, limiting its attractiveness for consistent cash flow. The 0% gross yield indicates that any long-term rental strategy would struggle to generate immediate returns under the current pricing scenario.
Economic Vulnerability The economic stability score of 56/100 indicates a potential risk of adverse market conditions affecting rental income and property values.
