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 88 m², built in 1971, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Natural Light: The apartment boasts abundant natural light, enhancing the spacious living areas and creating a warm ambiance throughout the home. Storage Solutions: It includes a dedicated storage room in the entrance hall for added convenience.
The valuation. The asking price of €290,000 is significantly above the estimated fair value of €168,543, resulting in an excessive premium of €121,457 (41.9%). This indicates the property is overpriced.
Fair value modelled at €168,543 from the area baseline, adjusted for condition and location. Asking €290,000 sits €121,457 (41.9%) above — overpriced versus fair value.
Asking €290,000 versus the Portimão, Portimão, Faro area baseline of €151,096 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 74 · Materials 78 · Room dimensions 79). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 80 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €151,096 + condition +€2,338 + location +€15,110 = modelled fair value of €168,543 (€1,915/m²), a €121,457 (41.9%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · ba5a79 | Subject | €290,000 | €3,295 | — | 74 | 75 |
| Portimão · 03255d | Active | €290,000 | €3,867 | 17.3% | 72 | 73 |
| avenida São João de Deus | Active | €249,000 | €3,662 | 11.1% | 80 | 73 |
| Portimão · 49b8f0 | Active | €255,000 | €4,722 | 43.3% | 75 | 81 |
| Portimão · f35fee | Active | €259,500 | €3,327 | 1.0% | 72 | 76 |
| Median comp | €257,250 | €3,765 | 14.2% | 74 | 75 |
Short-term vacation rental While the vibrant tourism scene in Portimão suggests potential for short-term vacation rentals, the current listing price of €290,000 is marked at a substantial 41.9% above the fair value of €168,543. With a gross yield of only 4.1% and rising competition, this investment appears overpriced and lacks the expected rental return efficiency. Long-term rental The Portimão property’s condition rating of 77/100 and neighborhood scoring 75/100 may initially suggest appeal for long-term rental opportunities; however, the property is currently overpriced at €290,000 compared to its fair value of €168,543. This significant gap impairs profitability, making the prospect of long-term rentals less attractive given the lack of value alignment. Buy-and-hold Though Portimão's prime tourist region offers potential for long-term appreciation, the 41.9% gap between the listing and fair value signifies that the buy-and-hold strategy faces challenges with the €290,000 price tag. Investing here appears overpriced, which may hinder achieving desirable returns over time compared to more fairly priced alternatives.
Economic Vulnerability The economic stability score of 65 suggests a potential vulnerability to market fluctuations that could impact rental income.
