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, 0-bathroom apartment of 117 m², built in 2026, energy rating A. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment features balconies in both the living area and the en suite bedroom, enhancing outdoor access and natural light, ideal for enjoying the city views.
The valuation. The asking price of €585,000 is significantly above the fair value of €438,847, representing an overvaluation of €146,153, or 33.3%. This marks the property as overpriced in the current market.
Fair value modelled at €438,847 from 6 comparable sales in the area. Asking €585,000 sits €146,153 (33.3%) above — overpriced versus fair value.
Asking €585,000 versus the Portimão, Portimão, Faro area baseline of €347,496 (€2,970/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 87/100 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 €347,496, adjusted for condition and micro-location, gives a modelled fair value of €438,847 (€3,751/m²), a €146,153 (33.3%) gap versus the €585,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 3a73f1 | Subject | €585,000 | €5,000 | — | 90 | 72 |
| Portimão · 1e638e | Active | €285,946 | €4,766 | 4.7% | 75 | 75 |
| Portimão · a8edf2 | Active | €395,000 | €4,938 | 1.2% | 82 | 81 |
| Portimão · 4a81a4 | Active | €425,000 | €3,728 | 25.4% | 75 | 70 |
| Estômbar e Parchal · 262077 | Active | €325,000 | €2,559 | 48.8% | 85 | 78 |
| Median comp | €360,000 | €4,247 | 15.1% | 79 | 77 |
Short-term vacation rental The property is priced at €585,000, which is 33.3% above its fair value of €438,847, indicating that it is overpriced. Given the area’s tourism-driven economy, the potential yield of 2.2% gross does not compensate for the high entry cost, making this strategy less appealing. Buy-and-hold With the property’s market value significantly above fair value, an investment in this buy-and-hold strategy would yield a disappointing gross yield of 2.2%. The attractive location near the Algarve coast is overshadowed by the high acquisition price, leading to increased risk in long-term capital appreciation. Long-term rental The current listing price of €585,000 results in a gross yield of only 2.2%, which is insufficient for long-term rental investments, particularly when the property is overpriced by 33.3% against its fair value. While the good condition of the apartment could draw renters, the financial metrics indicate a less-than-ideal investment opportunity in this segment.
Economic Weakness Risk: With an economic stability score of 65/100, there is a significant risk that economic downturns could negatively impact property value and rental income.
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