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 77 m², energy rating D. Located Portimão parish, Portimão municipality, Faro district. This apartment features multiple balconies that enhance natural light and provide practical outdoor space, making it ideal for relaxation and enjoying the neighborhood views.
The valuation. The asking price of €222,000 is significantly above the fair value of €130,920, representing an overpricing of €91,080 or 41.0%. This valuation suggests caution for potential buyers. Buy-to-flip angle. A buy-to-flip strategy could be challenging due to the high asking price compared to fair value, limiting potential profit margins on resale. Basic finishes may require upgrades to attract buyers. Buy-to-let angle. Utilizing a buy-to-let strategy, estimated rental income of €999 per month yields a gross yield of 5.4%. The high demand for short-term rentals in the Algarve could provide steady occupancy and income.
Fair value modelled at €130,920 from the area baseline, adjusted for condition and location. Asking €222,000 sits €91,080 (41.0%) above — overpriced versus fair value.
Asking €222,000 versus the Portimão, Portimão, Faro area baseline of €132,209 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 (Condition 65 · Materials 60 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 76/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €132,209 + condition -€15,039 + location +€13,750 = modelled fair value of €130,920 (€1,700/m²), a €91,080 (41.0%) gap versus the €222,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 261d9d | Subject | €222,000 | €2,883 | — | 65 | 76 |
| Portimão · 956ee1 | Active | €222,000 | €2,921 | 1.3% | 68 | 73 |
| rua da Raminha, 14 | Active | €345,000 | €3,833 | 33.0% | 65 | 71 |
| Portimão · ba3dc6 | Active | €225,000 | €2,848 | 1.2% | 55 | 74 |
| Portimão · 4a7fe2 | Active | €240,000 | €3,810 | 32.1% | 65 | 76 |
| Median comp | €232,500 | €3,366 | 16.7% | 65 | 74 |
Short-term vacation rental Given the Algarve's reputation as a premier tourist destination, the current pricing of the property at €222,000 reflects an excessive premium over its fair value of €130,920, indicating it is overpriced. While the gross yield of 5.4% suggests some potential for returns, the significant gap from fair value may deter potential short-term rental investors seeking better entry points. Buy-and-hold Investing in the property for long-term appreciation appears to be unwise as its market value of €222,000 is 41.0% higher than the fair value estimate of €130,920, reflecting an overpriced status. This inflated price could hinder both capital gains and rental yield performance over time, making it a less attractive buy-and-hold opportunity. Luxury market Positioning this property in the luxury market is questionable, with a listing price of €222,000 substantially exceeding its fair valuation of €130,920, thereby deeming it overpriced. Potential buyers in the luxury segment may find better investments with more favorable price-to-value ratios, limiting appeal in this competitive niche.
Economic Vulnerability A score of 65/100 in economic stability indicates potential risks related to economic downturns that could affect rental income.
