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.
4-bedroom, 2-bathroom apartment of 150 m², built in 1987, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts three balconies offering unobstructed views, enhancing natural light and outdoor enjoyment in a vibrant residential neighborhood. Overall Assessment: Fair.
The valuation. The asking price of €370,000 is significantly above the fair value of €295,590, representing an overpricing of €74,410 (20.1%). Given this discrepancy, the property is overpriced in the current market.
Fair value modelled at €295,590 from the area baseline, adjusted for condition and location. Asking €370,000 sits €74,410 (20.1%) above — overpriced versus fair value.
Asking €370,000 versus the Portimão, Portimão, Faro area baseline of €485,700 (€3,238/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 75 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 71/100 (Housing Market 70 · Amenities 75 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €485,700 + condition +€16,406 + location +€21,634 = modelled fair value of €295,590 (€1,971/m²), a €74,410 (20.1%) gap versus the €370,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · ba5955 | Subject | €370,000 | €2,467 | — | 75 | 71 |
| Portimão · 25f918 | Active | €349,900 | €2,536 | 2.8% | 66 | 79 |
| rua Dom Afonso V, 3 | Active | €550,000 | €2,466 | 0% | 75 | 73 |
| Portimão · 001afa | Active | €720,000 | €4,675 | 89.5% | 80 | 76 |
| Ferragudo · 6fbc4b | Active | €875,000 | €6,731 | 172.9% | 80 | 76 |
| Median comp | €635,000 | €3,606 | 46.2% | 78 | 76 |
Short-term vacation rental The property in Portimão is overpriced at €370,000, exceeding its fair value by 20.1%, which may limit profitability in the highly competitive vacation rental market. Despite a favorable yield of 6%, the demand for short-term rentals may not justify this premium pricing. Long-term rental At €370,000, the property fails to align with its fair value benchmark, indicating that the price could hinder the ability to achieve optimal long-term rental returns. While the yield of 6% looks appealing, the 20.1% gap from fair value suggests that investors may struggle to cover costs associated with this investment. Buy-and-hold Purchasing this property as a buy-and-hold investment at the current price of €370,000 could lead to significant long-term financial strain given its valuation is 20.1% above fair value. The property may not appreciate sufficiently to offset its inflated entry point, making it a less attractive long-term asset in the Portimão market.
Economic Vulnerability The economic stability score of 65/100 suggests potential fluctuations in the local economy, which may impact rental income and property value.
