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, 1-bathroom apartment of 87 m², energy rating D. Located on rua da Igreja, 20-22, Ferreiras parish, Albufeira municipality, Faro district. Noteworthy Features: The property includes a substantial 50 m² terrace with a built-in barbecue, ideal for entertaining in the Mediterranean climate of Albufeira.
The valuation. The asking price of €290,000 is above the fair value of €284,363, indicating a discrepancy of €5,637, or 1.9%. This property is considered overpriced based on current market conditions.
Fair value modelled at €284,363 from the area baseline, adjusted for condition and location. Asking €290,000 sits €5,637 (1.9%) above — overpriced versus fair value.
Asking €290,000 versus the rua da Igreja, 20-22 area baseline of €263,958 (€3,034/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 75 · Materials 76 · Room dimensions 71). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua da Igreja, 20-22
Area baseline €263,958 + condition -€1,767 + location +€22,172 = modelled fair value of €284,363 (€3,269/m²), a €5,637 (1.9%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Igreja, 20-22 | Subject | €290,000 | €3,333 | — | 75 | 71 |
| Albufeira e Olhos de Água · ac9820 | Active | €350,000 | €3,889 | 16.7% | 75 | 61 |
| rua Vitorino Nemésio | Active | €255,000 | €3,643 | 9.3% | 70 | 75 |
| Ferreiras · ba5a6d | Active | €299,500 | €4,218 | 26.5% | 68 | 70 |
| estrada de Vale de Pedras, 101 | Active | €365,000 | €2,992 | 10.2% | 72 | 71 |
| Median comp | €324,750 | €3,766 | 13.0% | 71 | 71 |
Short-term vacation rental The property is overpriced at €290,000, resulting in minimal rental yield due to a 0% gross yield. Given the popularity of the region with tourists, the investment does not align with the expected market returns. Buy-and-hold Despite the potential for appreciation in a tourist-heavy area, the price exceeds fair value by 1.9%, making it a less attractive long-term investment. With no immediate rental income and a condition score of 74/100, the holding costs could outweigh any long-term gains. Family rental With a fair value of €284,363, this property is still overpriced, which does not bode well for rental sustainability in the family market. The apartment's condition and neighborhood score may not justify the premium asking price, as families are likely seeking more value for their investments.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk of economic downturns affecting rental income.
