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, 2-bathroom apartment of 129 m² on the 7th floor, built in 2009, energy rating B. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment's 7th-floor position provides exceptional unobstructed views and enhanced privacy, while the outdoor jacuzzi enhances the outdoor living experience under the Algarvian sun.
The valuation. The asking price of €450,000 is €126,243 (39.0%) above the fair value of €323,757, reflecting an overpriced situation that warrants caution for potential buyers.
Fair value modelled at €323,757 from 6 comparable sales in the area. Asking €450,000 sits €126,243 (39.0%) above — overpriced versus fair value.
Asking €450,000 versus the Portimão, Portimão, Faro area baseline of €255,537 (€1,981/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €255,537, adjusted for condition and micro-location, gives a modelled fair value of €323,757 (€2,510/m²), a €126,243 (39.0%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 1f36ac | Subject | €450,000 | €3,488 | — | 74 | 62 |
| rua Francisco Alvo, 5 | Active | €435,000 | €2,277 | 34.7% | 78 | 75 |
| Portimão · 6c773b | Active | €399,000 | €2,389 | 31.5% | 72 | 73 |
| Portimão · 8ee91c | Active | €479,000 | €2,508 | 28.1% | 75 | 71 |
| Portimão · 65a47c | Active | €360,000 | €2,571 | 26.3% | 70 | 72 |
| Median comp | €417,000 | €2,449 | 29.8% | 74 | 73 |
Short-term vacation rental The property's significant gap of 39.0% from its fair value of €323,757 indicates that it is overpriced for a short-term vacation rental strategy. Given the local tourism influence and a gross yield of merely 3.3%, the expected return does not justify the elevated purchase price. Long-term rental With a fair value of €323,757 versus the asking price of €450,000, this 2-bed apartment is clearly overpriced for a long-term rental investment. The yield of 3.3% does not compensate for the inflated cost, making it a less attractive option for steady cash flow. Buy-and-hold At an asking price of €450,000, the property is overpriced when compared to the fair market value of €323,757, raising concerns for a buy-and-hold strategy. The 3.3% gross yield combined with neighborhood ratings suggests that the future appreciation potential may not be sufficient to justify this investment. Not ideal for: Student housing, Luxury market, Commercial development
Economic and Tenant Instability The economic stability score of 60 and tenant stability score of 55 indicate a significant risk of inconsistent rental income and potential difficulty in maintaining occupancy rates due to the unstable market conditions.
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