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 129 m² on the 2nd floor, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment's designated garage space is already prepared for an electric vehicle charger, and the property boasts a large saltwater swimming pool within the private condominium.
The valuation. The asking price of €510,000 is significantly above the fair value of €387,991, representing an overvaluation of €122,009, or 31.4%. This indicates that the property is overpriced in the current market.
Fair value modelled at €387,991 from 6 comparable sales in the area. Asking €510,000 sits €122,009 (31.4%) above — overpriced versus fair value.
Asking €510,000 versus the Portimão, Portimão, Faro area baseline of €326,081 (€2,528/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €326,081, adjusted for condition and micro-location, gives a modelled fair value of €387,991 (€3,008/m²), a €122,009 (31.4%) gap versus the €510,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 3a70b7 | Subject | €510,000 | €3,953 | — | 75 | 72 |
| Portimão · 1441a8 | Active | €375,000 | €3,261 | 17.5% | 74 | 74 |
| Portimão · dbd491 | Active | €460,000 | €2,754 | 30.3% | 72 | 70 |
| Portimão · 6d53e6 | Active | €335,000 | €2,702 | 31.7% | 70 | 64 |
| rua Dom Afonso V, 101 | Active | €539,000 | €3,906 | 1.2% | 80 | 77 |
| Median comp | €417,500 | €3,008 | 23.9% | 73 | 72 |
Long-term rental The property’s gross yield of 2.5% suggests limited profitability for long-term rental strategies, especially given its 31.4% gap above fair value. Additionally, the neighborhood's economic stability, influenced by seasonal employment, raises concerns about tenant retention and income consistency. Short-term vacation rental Although the Algarve is renowned for its tourism potential, the property's listing price significantly exceeds its fair value, making it a less attractive option for short-term vacation rentals. The relatively low yield coupled with market fluctuations can diminish expected returns during off-peak seasons. Buy-and-hold Investing in this property as a buy-and-hold strategy poses risks due to its overpricing, with a 31.4% gap compared to fair value potentially leading to stunted capital growth. The condition rating of 79/100 does indicate reasonable upkeep, but the neighborhood's limitations may hinder overall appreciation. Not ideal for Furthermore, this property is not suited for student housing, industrial development, or fitting within the luxury market segment, aligning with its current overpriced status.
Economic Vulnerability The economic stability score of 65/100 indicates potential fluctuations in local market conditions that could impact property values negatively.
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