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 103 m², built in 2003, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment includes a generous private terrace with direct access to the communal pool, enhancing outdoor enjoyment and leisure for residents. Location Benefits: It is just steps from the acclaimed Falésia beach, providing unparalleled coastal access.
The valuation. The asking price of €600,000 exceeds the fair value of €525,300 by €74,700 (14.2%), making the property overpriced in the current market. This valuation discrepancy raises concerns regarding potential return on investment.
Fair value modelled at €525,300 from 6 comparable sales in the area. Asking €600,000 sits €74,700 (14.2%) above — overpriced versus fair value.
Asking €600,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €456,050 (€4,428/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €456,050, adjusted for condition and micro-location, gives a modelled fair value of €525,300 (€5,100/m²), a €74,700 (14.2%) gap versus the €600,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 3a723f | Subject | €600,000 | €5,825 | — | 70 | 70 |
| estrada de Albufeira S / N D | Active | €550,000 | €5,789 | 0.6% | 75 | 73 |
| Albufeira e Olhos de Água · ab71dc | Active | €845,000 | €8,802 | 51.1% | 78 | 71 |
| Albufeira e Olhos de Água · 1906a9 | Active | €365,000 | €4,867 | 16.5% | 72 | 68 |
| Albufeira e Olhos de Água · 225a44 | Active | €530,000 | €4,818 | 17.3% | 70 | 65 |
| Median comp | €540,000 | €5,328 | 8.5% | 74 | 70 |
Short-term vacation rental The 2-bed apartment in Albufeira e Olhos de Água is overpriced at €600,000 compared to the fair value of €525,300, reflecting a 14.2% gap that diminishes its investment attractiveness. With a gross yield of only 2.4%, the potential returns for a short-term vacation rental are insufficient to justify the elevated price point. Buy-and-hold At €600,000, the buy-and-hold strategy for this apartment is hampered by its 14.2% overvaluation against the fair value of €525,300. With a condition rating of 74/100 and a neighbourhood score of 70/100, the property does not present a compelling case for long-term investment given its current price. Not ideal for student housing This 2-bed apartment is not suitable for student housing due to the limited local employment opportunities and a rental yield of only 2.4%, which fails to attract a stable tenant base. The property’s pricing and neighborhood conditions align more with vacation rentals than with long-term student tenants.
Economic Dependence Risk Investing in this property carries a risk due to its low economic stability score of 55/100, indicating potential vulnerability to market fluctuations.
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