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 82 m², built in 1994, energy rating D. Located on rua Horta do Palácio, Portimão parish, Portimão municipality, Faro district. This apartment features a bright living room with large windows, offering scenic views and an inviting ambiance, enhancing both character and comfort in the city.
The valuation. The asking price for the 2-bed apartment in Portimão is €299,000, which sits €16,522 (5.2%) below the fair value of €315,522. This suggests the property is fairly priced within the market.
Fair value modelled at €315,522 from 5 comparable sales in the area. Asking €299,000 sits €16,522 (5.2%) below — the upside to fair value.
Asking €299,000 versus the rua Horta do Palácio area baseline of €282,153 (€3,441/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €282,153, adjusted for condition and micro-location, gives a modelled fair value of €315,522 (€3,848/m²), a €16,522 (5.2%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Horta do Palácio | Subject | €299,000 | €3,646 | — | 72 | 65 |
| Portimão · a80adb | Active | €299,000 | €3,738 | 2.5% | 76 | 70 |
| rua da Cooperativa | Active | €285,000 | €3,904 | 7.1% | 75 | 71 |
| Portimão · 1f36c2 | Active | €265,000 | €3,897 | 6.9% | 72 | 66 |
| Portimão · 19f783 | Active | €265,500 | €3,848 | 5.5% | 78 | 68 |
| Median comp | €275,250 | €3,873 | 6.2% | 76 | 69 |
Short-term vacation rental This property presents a fair investment opportunity for short-term vacation rentals thanks to its proximity to Lagos city center and beaches, appealing to tourists seeking comfortable accommodations. The gross yield of 3.9% indicates reasonable returns, although the overall condition and neighborhood ratings suggest a careful assessment of operational management. Buy-and-hold As a buy-and-hold investment, this 2-bed apartment in Portimão is positioned reasonably within the market, though it is fairly valued at €299,000 against a fair value of €315,522. While the underlying rental returns are modest, the property’s potential for long-term appreciation is bolstered by its tourist-centric locale. Family rental For family rentals, the property is fairly priced in a market that offers access to essential amenities and reasonable tenant quality, though the lower neighborhood score of 65/100 may raise concerns. Given the gross yield of 3.9%, investors should weigh considerations of tenant stability against the overall rental demand in the area.
Tenant turnover risk High tenant turnover may be a concern due to the 55/100 tenant stability score, indicating potential difficulty in maintaining long-term occupancy and steady income.
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