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.
3-bedroom, 3-bathroom apartment of 167 m² on the 3rd floor, built in 2009, energy rating B. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes two balconies offering outdoor space, one accessible from the kitchen, enhancing the living experience with additional natural light and fresh air. Common Terrace: The property provides access to a community terrace, promoting social interaction and leisure opportunities among residents.
The valuation. The asking price of €399,000 is significantly above the fair value of €319,903, indicating the property is overpriced by €79,097, or 19.8%. This disparity suggests limited potential for buyer leverage in negotiations.
Fair value modelled at €319,903 from the area baseline, adjusted for condition and location. Asking €399,000 sits €79,097 (19.8%) above — overpriced versus fair value.
Asking €399,000 versus the Portimão, Portimão, Faro area baseline of €538,742 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 72 · Materials 80 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €538,742 + condition +€6,784 + location +€26,380 = modelled fair value of €319,903 (€1,916/m²), a €79,097 (19.8%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 6c773b | Subject | €399,000 | €2,389 | — | 72 | 73 |
| Portimão · 6d5229 | Active | €540,000 | €2,512 | 5.1% | 75 | 73 |
| Portimão · 65a47c | Active | €360,000 | €2,571 | 7.6% | 70 | 72 |
| rua Francisco Alvo, 5 | Active | €435,000 | €2,277 | 4.7% | 78 | 75 |
| Portimão · 483a6e | Active | €495,000 | €2,565 | 7.3% | 82 | 70 |
| Median comp | €465,000 | €2,539 | 6.2% | 77 | 73 |
Short-term vacation rental The property is expected to face challenges in the highly competitive short-term rental market, with a valuation gap of nearly 20% suggesting it is overpriced compared to fair market assessments. Additionally, the gross yield of 3.2% may not sufficiently compensate for the risks associated with fluctuating tourist demand in the region. Buy-and-hold The current price of €399,000 poses a significant risk for a buy-and-hold strategy, as it exceeds the fair value by 19.8%, indicating a lack of immediate equity growth potential. Given the reliance on tourism for economic stability, long-term appreciation might not justify the initial investment cost. Long-term rental Targeting long-term tenants may yield steady cash flow; however, the property’s 3.2% gross yield underlines the overpricing issue that could impede profit margins. With a condition rating of 78/100 and a neighbourhood score of 73/100, the appeal of the property may diminish compared to better-priced alternatives in the area.
Economic Vulnerability The economic stability score of 65 indicates a moderate risk of fluctuations in the local economy that could affect property value and rental income.
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