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.
1-bedroom, 1-bathroom apartment of 72 m² on the 18th floor, energy rating E. Located Portimão parish, Portimão municipality, Faro district. Panoramic Views: The 18th floor location provides unrivaled panoramic views of the Atlantic Ocean, perfect for breathtaking sunsets and beachside relaxation from the comfort of your balcony.
The valuation. The asking price of €400,000 is significantly above the fair value of €353,067, representing a premium of €46,933 (13.3%). This positions the property as overpriced in the current market.
Fair value modelled at €353,067 from 6 comparable sales in the area. Asking €400,000 sits €46,933 (13.3%) above — overpriced versus fair value.
Asking €400,000 versus the Portimão, Portimão, Faro area baseline of €311,353 (€4,324/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €311,353, adjusted for condition and micro-location, gives a modelled fair value of €353,067 (€4,904/m²), a €46,933 (13.3%) gap versus the €400,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · cd08fd | Subject | €400,000 | €5,556 | — | 80 | 76 |
| Portimão · dc151f | Active | €290,000 | €4,915 | 11.5% | 75 | 72 |
| Portimão · 89e697 | Active | €325,000 | €5,242 | 5.6% | 75 | 71 |
| rua Agosto Azul | Active | €370,000 | €4,805 | 13.5% | 74 | 71 |
| avenida das Comunidades Lusíadas | Active | €369,000 | €4,146 | 25.4% | 75 | 73 |
| Median comp | €347,000 | €4,860 | 12.5% | 75 | 72 |
Short-term vacation rental The property’s asking price of €400,000 exceeds the fair value by 13.3%, making it an unattractive option for short-term vacation rentals, which typically require a more favorable entry price to achieve strong returns. With a gross yield of only 2.9%, the profitability of this investment strategy is significantly hampered due to the high purchase price. Buy-and-hold Positioning this property as a buy-and-hold investment is less appealing given its above market pricing, which could limit potential appreciation over time. Moreover, with a condition score of 79/100 and a neighborhood rating of 76/100, the asset may not deliver sufficient long-term value to justify its current cost. Luxury market Although the Algarve region caters to a luxury market, the current price of €400,000 does not align with the value benchmark, placing this property in an overpriced segment. The expectation of premium returns is diminished given the property’s gross yield of 2.9%, suggesting it may not attract high-end buyers at this price point.
Economic Vulnerability The property may face risks due to a moderate economic stability score of 70/100, which suggests potential fluctuations in the local economic conditions affecting long-term value stability. Tenant Stability The relatively high tenant stability score of 75/100 indicates that while current tenants are likely to remain, potential economic shifts could threaten future occupancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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