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 100 m², energy rating B. Located on urbanização da Raminha em Portimão, Portimão parish, Portimão municipality, Faro district. Noteworthy Feature: The apartment includes a social balcony directly accessible from the living room and kitchen, enhancing the communal living experience with outdoor connectivity.
The valuation. The asking price of €299,000 is slightly below the fair value of €308,955, making it a reasonable buy at a 3.2% discount. This property, therefore, is considered to be priced fairly in the current market.
Fair value modelled at €308,955 from 6 comparable sales in the area. Asking €299,000 sits €9,955 (3.2%) below — the upside to fair value.
Asking €299,000 versus the urbanização da Raminha em Portimão area baseline of €293,363 (€2,934/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €293,363, adjusted for condition and micro-location, gives a modelled fair value of €308,955 (€3,090/m²), a €9,955 (3.2%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização da Raminha em Portimão | Subject | €299,000 | €2,990 | — | 72 | 74 |
| Portimão · 1338c9 | Active | €318,000 | €2,865 | 4.2% | 78 | 74 |
| rua Engenheiro Francisco Bívar, 3 | Active | €380,000 | €3,065 | 2.5% | 72 | 63 |
| rua das Traineiras | Active | €315,000 | €3,000 | 0.3% | 78 | 73 |
| Portimão · 38b71f | Active | €245,000 | €3,182 | 6.4% | 56 | 70 |
| Median comp | €316,500 | €3,033 | 1.4% | 75 | 72 |
Short-term vacation rental The property is fairly priced at €299,000, presenting a 3.2% gap versus fair value, which does not present an immediate financial advantage for short-term rental investors. Given its 4% gross yield, the investment may not sufficiently capitalize on the high tourism demand in the Algarve region. Buy-and-hold With the property valued fairly against its fair market price, the long-term potential of a 4% gross yield is unlikely to outperform other investment opportunities. The condition rating of 67/100 suggests that while it is functional, it may not attract higher appreciation over time in a competitive market. Long-term rental As it stands, the property’s fair pricing indicates that it may not yield the best returns for long-term rentals given the 4% gross yield. Additionally, the neighborhood rating of 74/100 reflects a moderately supportive environment for renters, which is essential for sustainable rental income but may limit profit margins over time.
Economic Vulnerability The economic stability score of 60/100 indicates potential risks in revenue generation for tenants, which could affect their ability to pay rent consistently.
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