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 59 m², energy rating D. Located Portimão parish, Portimão municipality, Faro district. Unique Feature: This apartment includes a dedicated balcony space that enhances outdoor living, ideal for enjoying the mild climate of Portimão. Investment Potential: Positioned in a vibrant neighborhood, it attracts both tourists and long-term renters.
The valuation. The asking price of €235,000 is significantly above the fair value of €179,442, representing an overvaluation of €55,558 (31.0%). This suggests that potential buyers should approach with caution, as this property is overpriced.
Fair value modelled at €179,442 from 6 comparable sales in the area. Asking €235,000 sits €55,558 (31.0%) above — overpriced versus fair value.
Asking €235,000 versus the Portimão, Portimão, Faro area baseline of €192,924 (€3,270/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 is below the parish average, reducing 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 €192,924, adjusted for condition and micro-location, gives a modelled fair value of €179,442 (€3,041/m²), a €55,558 (31.0%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 5e6105 | Subject | €235,000 | €3,983 | — | 65 | 71 |
| Portimão · 43921c | Active | €290,000 | €2,959 | 25.7% | 70 | 62 |
| avenida São João de Deus | Active | €265,000 | €2,978 | 25.2% | 65 | 75 |
| Portimão · 652ff9 | Active | €295,000 | €3,105 | 22.0% | 65 | 70 |
| ladeira do Vau | Active | €310,000 | €3,263 | 18.1% | 76 | 73 |
| Median comp | €292,500 | €3,042 | 23.6% | 68 | 72 |
Short-term vacation rental Given the region's reliance on tourism, there is a significant potential for short-term vacation rentals; however, the current listing is 31.0% above fair value at €235,000, which limits profitability. With a gross yield of 4% and the condition rated at 63/100, this investment is not financially compelling in a competitive rental market. Long-term rental While the rental demand may seem stable due to the neighborhood's tourist appeal, the property's valuation at €235,000, which exceeds the fair value by 31.0%, suggests limited long-term investment potential. The relatively modest gross yield of 4% combined with its condition score of 63/100 indicates it may not attract desirable tenants willing to pay premium rents. Buy-and-hold Investing in this property for a buy-and-hold strategy appears less attractive as it is overpriced by 31.0%, listed at €235,000 against a fair valuation of €179,442. The dependency on tourism in the area, coupled with the lower quality score of 63/100, raises concerns about sustained property value appreciation over time.
Economic Vulnerability With an economic stability score of 65/100, this property may face risks related to fluctuations in the local economy that could negatively impact tenant demand and rental income.
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