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 89 m², built in 1998, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy features: This well-maintained apartment boasts a panoramic balcony that seamlessly integrates indoor and outdoor living, enhancing the experience of its stunning ocean views. Unique aspect: The proximity to both the vibrant city center and beautiful beaches ensures a diverse lifestyle.
The valuation. The asking price of €465,000 sits €28,714 (6.6%) above the fair value of €436,286. This indicates that the property is well-priced within the current market conditions.
Fair value modelled at €436,286 from 6 comparable sales in the area. Asking €465,000 sits €28,714 (6.6%) above — overpriced versus fair value.
Asking €465,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €348,974 (€3,921/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 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 €348,974, adjusted for condition and micro-location, gives a modelled fair value of €436,286 (€4,902/m²), a €28,714 (6.6%) gap versus the €465,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 33bb41 | Subject | €465,000 | €5,225 | — | 80 | 71 |
| Albufeira e Olhos de Água · a80384 | Active | €340,000 | €6,667 | 27.6% | 79 | 67 |
| estrada de Santa Eulália, 3 | Active | €265,000 | €5,196 | 0.5% | 75 | 63 |
| rua do Cerro | Active | €465,000 | €5,813 | 11.3% | 72 | 70 |
| Albufeira e Olhos de Água · 38911b | Active | €465,000 | €4,346 | 16.8% | 80 | 70 |
| Median comp | €402,500 | €5,505 | 5.4% | 77 | 69 |
Long-term rental The property’s gross yield of 2.8% indicates that while the rental income potential aligns with market expectations, it does not offer compelling returns for a long-term rental strategy. The fair value analysis suggests the property is priced fairly, with only a 6.6% gap from its assessed fair value. Short-term vacation rental Given the apartment's location in the popular tourist area of Algarve, it is likely to attract short-term vacation rentals, despite the rental yield of 2.8% being modest. The property is fairly priced, leaving little room for profit maximization in this competitive market segment. Buy-and-hold The fair valuation suggests that this property could be a stable investment for long-term holding, although the current yield of 2.8% may not significantly enhance portfolio value. While the property is priced fairly, investors should be mindful of the potential for limited appreciation in a market that is predominantly tourist-driven.
Potential Economic Downturn The economic stability score of 65/100 suggests a vulnerability to economic fluctuations that could impact rental income and property value.
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