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.
3-bedroom, 2-bathroom apartment of 133 m² on the 2nd floor, built in 2008, energy rating D. Located Almancil parish, Loulé municipality, Faro district. Noteworthy Features: The apartment includes a private balcony and access to a common rooftop with unobstructed city views, enhancing its appeal for relaxation and entertainment.
The valuation. The asking price of €379,000 is slightly above the fair value of €366,003, indicating a premium of €12,997 (3.6%). This positions the property fairly within the current market context.
Fair value modelled at €366,003 from 6 comparable sales in the area. Asking €379,000 sits €12,997 (3.6%) above — overpriced versus fair value.
Asking €379,000 versus the Almancil, Loulé, Faro area baseline of €196,486 (€1,477/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €196,486, adjusted for condition and micro-location, gives a modelled fair value of €366,003 (€2,752/m²), a €12,997 (3.6%) gap versus the €379,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almancil · 3750e7 | Subject | €379,000 | €2,850 | — | 78 | 63 |
| Almancil · 23f4b1 | Active | €1,200,000 | €3,797 | 33.3% | 72 | 69 |
| Almancil · 38b666 | Active | €349,000 | €2,475 | 13.1% | 75 | 71 |
| Almancil · f5ebbb | Active | €449,000 | €3,621 | 27.1% | 72 | 72 |
| Almancil · 96c4f9 | Active | €479,000 | €2,737 | 3.9% | 75 | 64 |
| Median comp | €464,000 | €3,179 | 11.6% | 74 | 70 |
Long-term rental This property may offer a stable long-term rental income due to its decent condition rating of 82/100, although the yield is currently 0%. Given that the fair value is slightly below the listing price, the investment holds a fair value proposition in a tourist-friendly area. Short-term vacation rental The property’s location in Almancil benefits from the Algarve's tourism, but with a yield of 0%, it may not justify strong short-term vacation rental management costs. The current pricing appears fair relative to its market value, providing an opportunity for cash flow improvement should tourism demand increase. Buy-and-hold Holding this apartment could be a reasonable long-term strategy as the market remains stable, although the 3.6% gap suggests it is priced fairly without significant immediate upside. While it aligns with tourist housing demand, the lack of rental yield indicates caution for cash flow reliance in a buy-and-hold context.
Economic Vulnerability The economic stability score of 55/100 indicates a moderate risk, suggesting fluctuations in local economic conditions that could affect tenant retention and rent collection.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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