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 108 m² on the 2nd floor, built in 1989, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The property boasts an expansive terrace with exceptional solar exposure, enhancing outdoor living space in the vibrant city center of Portimão. Additional Context: Ideal for entertaining guests or enjoying leisurely mornings. Valuation: Fair.
The valuation. The asking price of €350,000 is €21,633 below the estimated fair value of €371,633, presenting a discrepancy of 5.8%. This property is accurately priced, aligning well with its market position. Buy-to-flip angle. The strategy for resale focuses on leveraging the Algarve's strong luxury market, targeting potential buyers attracted to modern finishes and high-quality construction. The anticipated appreciation in value makes this a viable flip opportunity. Buy-to-let angle. With an estimated rental income of €992/month, the gross yield stands at 3.4%. This attractive yield supports a buy-and-hold strategy, capitalizing on the high demand in the tourist-rich Portimão area.
Fair value modelled at €371,633 from 6 comparable sales in the area. Asking €350,000 sits €21,633 (5.8%) below — the upside to fair value.
Asking €350,000 versus the Portimão, Portimão, Faro area baseline of €300,493 (€2,782/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 €300,493, adjusted for condition and micro-location, gives a modelled fair value of €371,633 (€3,441/m²), a €21,633 (5.8%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 57f72d | Subject | €350,000 | €3,241 | — | 78 | 76 |
| Alvor · 0dcf58 | Active | €395,000 | €2,532 | 21.9% | 80 | 72 |
| Portimão · 6d53e6 | Active | €335,000 | €2,702 | 16.6% | 70 | 64 |
| rua Horta do Palácio | Active | €299,000 | €3,646 | 12.5% | 72 | 65 |
| rua Ibn Qaci, 6 | Active | €405,000 | €3,403 | 5.0% | 78 | 71 |
| Median comp | €365,000 | €3,053 | 5.8% | 75 | 68 |
Short-term vacation rental The property's location in Algarve, a major tourist region, positions it well for short-term vacation rentals, capitalizing on consistent demand from visitors. With a fair value of €371,633 and a yield of 3.4%, this investment may not yield significant profits relative to the asking price of €350,000, placing it effectively within the competitive rental market. Luxury market While the property offers amenities suitable for the luxury segment, its fair valuation at €371,633 indicates it is priced evenly in the current market environment. Investors should be mindful that the 5.8% gap against fair value does not suggest a compelling opportunity for high-end buyers seeking value appreciation. Buy-and-hold As a buy-and-hold investment, this property benefits from a 3.4% gross yield in a stable tourism-driven location; however, the valuation suggests that prospective buyers should critically evaluate future appreciation potential. Considering the fair value aligns closely with the asking price of €350,000, this strategy may not deliver the long-term returns investors expect in a thriving Algarve market.
Economic downturn risk A moderate economic stability score of 70/100 indicates potential vulnerability to downturns that could affect rental income and property value.
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