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, 0-bathroom apartment of 174 m², energy rating C. Located Luz parish, Lagos municipality, Faro district. Noteworthy Features: The apartment boasts an exceptional outdoor terrace perfect for diverse social activities, along with distant sea views and easy access to the beautiful beaches of Praia da Luz.
The valuation. The asking price of €569,900 is significantly below fair value at €738,439, creating an opportunity with a difference of €168,539 (22.8%). This property is therefore considered underpriced.
Fair value modelled at €738,439 from 3 comparable sales in the area. Asking €569,900 sits €168,539 (22.8%) below — the upside to fair value.
Asking €569,900 versus the Luz, Lagos, Faro area baseline of €714,577 (€4,107/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 89/100 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 €714,577, adjusted for condition and micro-location, gives a modelled fair value of €738,439 (€4,244/m²), a €168,539 (22.8%) gap versus the €569,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Luz · cc9be9 | Subject | €569,900 | €3,275 | — | 85 | 69 |
| Luz · efdd91 | Active | €348,000 | €4,244 | 29.6% | 75 | 63 |
| Luz · 6ebb79 | Active | €520,000 | €4,643 | 41.8% | 78 | 73 |
| Luz · cc9a04 | Active | €465,000 | €4,227 | 29.1% | 78 | 66 |
| Median comp | €465,000 | €4,244 | 29.6% | 78 | 66 |
Short-term vacation rental This 2-bed apartment is strategically located in the Algarve, a popular destination for tourists, making it well-suited for short-term vacation rentals. With a fair value significantly higher than the listing price, investing here could yield strong returns as demand for holiday accommodations in the area continues to grow. Long-term rental Given the apartment's attractive condition and location, it presents a compelling opportunity for long-term rental in a desirable neighborhood. The 22.8% gap below fair value suggests potential for capital appreciation, appealing to tenants looking for quality housing in Luz. Buy-and-hold This property offers a solid buy-and-hold strategy, especially considering its high condition rating of 89/100 and its competitive pricing relative to fair value. As property values in tourist regions like the Algarve tend to increase over time, this investment could benefit from both rental income and long-term price appreciation.
Economic and Tenant Instability The economic stability score of 65/100 indicates potential fluctuations in the local economy, while a tenant stability score of 60/100 raises concerns about tenant retention, posing a risk to consistent rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
