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 215 m² on the 1st floor, built in 2016, energy rating B. Located Portimão parish, Portimão municipality, Faro district. Noteworthy features: This apartment includes a spacious terrace facing the Arade River, ideal for outdoor dining and relaxation, and a 50 m² closed garage accommodating two vehicles and additional storage.
The valuation. The asking price of €560,000 is slightly above the fair value of €539,594, indicating a difference of €20,406, or 3.8%. This property is considered to be priced fairly within the current market.
Fair value modelled at €539,594 from 6 comparable sales in the area. Asking €560,000 sits €20,406 (3.8%) above — overpriced versus fair value.
Asking €560,000 versus the Portimão, Portimão, Faro area baseline of €429,102 (€1,996/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 €429,102, adjusted for condition and micro-location, gives a modelled fair value of €539,594 (€2,510/m²), a €20,406 (3.8%) gap versus the €560,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · fb292b | Subject | €560,000 | €2,605 | — | 78 | 71 |
| Portimão · 6d5229 | Active | €540,000 | €2,512 | 3.6% | 75 | 73 |
| Portimão · 6c773b | Active | €399,000 | €2,389 | 8.3% | 72 | 73 |
| Portimão · 483a6e | Active | €495,000 | €2,565 | 1.5% | 82 | 70 |
| rua Francisco Alvo, 5 | Active | €435,000 | €2,277 | 12.6% | 78 | 75 |
| Median comp | €465,000 | €2,451 | 5.9% | 77 | 73 |
Short-term vacation rental This property, with a gross yield of 3.8%, aligns with the seasonal tourism trends in Portimão which can lead to strong occupancy rates during peak seasons. However, given that it is priced at €560,000—only slightly above the fair value of €539,594—its rental income potential could be constrained by this minor price premium. Long-term rental While the yield of 3.8% suggests a steady income stream for long-term rental, the pricing at €560,000 indicates that the investment may lack immediate upside potential. The overall condition rating of 80/100 supports tenant appeal, but budget-conscious renters may find the property slightly expensive relative to its perceived value. Buy-and-hold With the property priced at €560,000, just 3.8% above the fair value, it may not exhibit substantial appreciation in the short term, particularly given the heavy reliance on tourism in the area. Although the conditions and amenities suggest a decent hold strategy, the limited upside due to current pricing could restrict future profitability.
Moderate economic risk With an economic stability score of 65/100, there is a noteworthy risk of fluctuations in rental income due to potential economic downturns affecting tenant demand and timely payments.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
