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, 1-bathroom apartment of 87 m² on the 3rd floor, built in 1994, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment features ample built-in wardrobes in both bedrooms and a sea view from one, enhancing both storage and aesthetic appeal.
The valuation. The asking price of €372,000 is slightly above the fair market value of €365,406, representing a premium of €6,594 (1.8%). This property can be considered fairly priced within the context of the current market.
Fair value modelled at €365,406 from 6 comparable sales in the area. Asking €372,000 sits €6,594 (1.8%) above — overpriced versus fair value.
Asking €372,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €327,155 (€3,760/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 is below the parish average, reducing 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 €327,155, adjusted for condition and micro-location, gives a modelled fair value of €365,406 (€4,200/m²), a €6,594 (1.8%) gap versus the €372,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 15e110 | Subject | €372,000 | €4,276 | — | 70 | 74 |
| Ferreiras · ba5a6d | Active | €299,500 | €4,218 | 1.3% | 68 | 70 |
| Ferreiras · 9386b9 | Active | €299,500 | €4,218 | 1.3% | 72 | 74 |
| Albufeira e Olhos de Água · 99f39d | Active | €318,000 | €4,077 | 4.7% | 70 | 71 |
| Albufeira e Olhos de Água · 3d99b5 | Active | €290,000 | €4,085 | 4.5% | 72 | 68 |
| Median comp | €299,500 | €4,152 | 2.9% | 71 | 71 |
Short-term vacation rental The property’s gross yield of 3.1% reflects a competitive position in the burgeoning short-term rental market of Albufeira e Olhos de Água. With its location in a tourist-friendly area, this property can attract vacationers, although the price is near the fair value, indicating that immediate long-term profits may be modest given the existing market dynamics. Buy-and-hold Investing in this property as a buy-and-hold strategy could provide stable returns over time, as the demand in the Algarve region remains strong due to its appeal to expats and tourists alike. However, with a fair value just slightly below the current listing, investors should be prepared for slower appreciation as market conditions may limit significant upside growth. Luxury market While the property is not a traditional luxury offering, its features and location could appeal to buyers looking for an upscale vacation spot in Albufeira e Olhos de Água. Nonetheless, considering the valuation is aligned with fair market expectations, potential gains in this sector may be constrained, limiting the allure for high-end investments.
Economic Vulnerability The property has an economic stability score of 70/100, indicating potential susceptibility to economic downturns that could impact tenant retention and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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