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 113 m² on the 1st floor, built in 2003, energy rating D. Located Quarteira parish, Loulé municipality, Faro district. The apartment includes a spacious balcony ideal for outdoor dining, enhancing the living experience with views of the well-maintained garden and swimming pool.
The valuation. The asking price of €490,000 is significantly above the fair value of €439,450, resulting in an overpriced status by €50,550 (11.5%). This suggests a need for negotiation to reach a more reasonable price.
Fair value modelled at €439,450 from 6 comparable sales in the area. Asking €490,000 sits €50,550 (11.5%) above — overpriced versus fair value.
Asking €490,000 versus the Quarteira, Loulé, Faro area baseline of €433,187 (€3,834/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 below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €433,187, adjusted for condition and micro-location, gives a modelled fair value of €439,450 (€3,889/m²), a €50,550 (11.5%) gap versus the €490,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quarteira · 3a718b | Subject | €490,000 | €4,336 | — | 75 | 73 |
| caminho do Cuco | Active | €454,000 | €4,018 | 7.3% | 77 | 75 |
| rua do Brasil | Active | €500,000 | €3,788 | 12.6% | 73 | 70 |
| caminho do Cuco | Active | €454,000 | €4,018 | 7.3% | 80 | 75 |
| rua das Grevílias | Active | €620,000 | €3,563 | 17.8% | 70 | 73 |
| Median comp | €477,000 | €3,903 | 10.0% | 75 | 74 |
Long-term rental The 2-bed apartment in Quarteira is priced at €490,000, which is 11.5% above its fair value of €439,450. With a gross yield of just 3.3%, this property does not align with strong long-term rental returns, particularly in a market influenced by a tourist-driven economy. Short-term vacation rental Given its proximity to the Algarve coast, this apartment could initially attract interest for short-term vacation rentals; however, the price of €490,000 is considerably higher than its fair value. The modest yield of 3.3% suggests that the investment may not generate sufficient returns to justify the premium paid over the fair market price. Retirement community Targeting retirees in a desirable location like Quarteira is appealing, but at €490,000, this property is overpriced relative to its fair value of €439,450. The overall condition rating of 79/100 and neighborhood score of 73/100 indicate it may not be the best fit for budget-conscious retirees looking for value in this market.
Economic Vulnerability With an economic stability score of 65/100, there is a risk of economic downturns affecting rental income and property value.
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