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, 2-bathroom apartment of 191 m², built in 2012, energy rating B. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment's modern interior design includes fully equipped kitchen appliances and high-quality balcony frames that enhance both thermal and acoustic comfort.
The valuation. The asking price of €479,000 is only 1.2% below the fair value of €484,796, indicating that the property is fairly priced in the current market. This slight discrepancy suggests a stable investment opportunity with limited immediate upside.
Fair value modelled at €484,796 from 6 comparable sales in the area. Asking €479,000 sits €5,796 (1.2%) below — the upside to fair value.
Asking €479,000 versus the Portimão, Portimão, Faro area baseline of €397,410 (€2,081/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €397,410, adjusted for condition and micro-location, gives a modelled fair value of €484,796 (€2,538/m²), a €5,796 (1.2%) gap versus the €479,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 8ee91c | Subject | €479,000 | €2,508 | — | 75 | 71 |
| Portimão · 65a47c | Active | €360,000 | €2,571 | 2.5% | 70 | 72 |
| Portimão · 6c773b | Active | €399,000 | €2,389 | 4.7% | 72 | 73 |
| rua Francisco Alvo, 5 | Active | €435,000 | €2,277 | 9.2% | 78 | 75 |
| Portimão · 4a81a4 | Active | €425,000 | €3,728 | 48.7% | 75 | 70 |
| Median comp | €412,000 | €2,480 | 1.1% | 74 | 73 |
Short-term vacation rental The current listing for the 3-bed apartment in Portimão is positioned at €479,000, which is in line with the fair value of €484,796, indicating that this property is a fair choice for short-term vacation rentals. With a gross yield of 4.6% and the appeal of the Algarve region, it can attract consistent tourist demand but does not present significant upside potential given the pricing. Long-term rental For long-term rentals, the apartment in Portimão offers a stable gross yield of 4.6%, making it a reasonable investment under current market conditions. While the neighborhood exhibits decent ratings, the property is fairly priced, limiting the likelihood of notable rental appreciation but ensuring steady cash flow. Buy-and-hold Implementing a buy-and-hold strategy with this property appears productive, given the fair valuation at €479,000 and the attractiveness of the Algarve tourism market. However, due to its marginal pricing relative to fair value, investors may not see substantial long-term capital gains in the short to medium term.
Economic Vulnerability With an economic stability score of 65/100, the property faces a potential risk of local economic downturns impacting tenant demand and rental income stability.
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