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.
1-bedroom, 2-bathroom apartment of 89 m² on the 3rd floor, energy rating G. Located on rua das Pimenteiras, 1, Quarteira parish, Loulé municipality, Faro district. This apartment boasts a heated indoor pool and a dedicated massage room, enhancing the luxury lifestyle and wellness offerings within the private condominium.
The valuation. The asking price of €639,000 sits significantly above the fair value of €524,756, resulting in an overpriced valuation of €114,244 (21.8%). This suggests a lack of immediate appeal for savvy investors seeking value.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Pimenteiras, 1 | Subject | €639,000 | €7,180 | — | — | 66 |
| rua da Botelha S / N | Active | €360,000 | €7,059 | 1.7% | 55 | 73 |
| Quarteira · 911379 | Active | €473,000 | €4,730 | 34.1% | — | 74 |
| Quarteira · dee5f0 | Active | €495,000 | €5,266 | 26.7% | — | 71 |
| Quarteira · 3df48c | Active | €725,000 | €7,250 | 1.0% | — | 72 |
| Median comp | €484,000 | €6,163 | 14.2% | 55 | 73 |
Short-term vacation rental\nGiven the strong demand for holiday accommodations in the Algarve, this property could generate moderate income at a gross yield of 2.6%. However, with current pricing at €639,000, which is 21.8% above fair value, its profitability is diminished amidst seasonal tenant turnover and high competition in the vacation rental market.\n\nLong-term rental\nThe long-term rental market in Quarteira offers steady demand due to its appealing climate and amenities; however, the potential yield of 2.6% does not justify the listing price of €639,000, which exceeds fair value by 21.8%. This property may struggle to attract long-term tenants given its current condition and pricing relative to the local rental landscape.\n\nBuy-and-hold\nInvesting in this property as a buy-and-hold strategy is not advisable, as its listing price of €639,000 is 21.8% higher than the fair value of €524,756. While the location supports long-term growth potential, the significant overpricing coupled with a low yield of 2.6% suggests that it may take longer to recoup initial investment costs under current conditions.
Economic and Tenant Stability Risk: With both economic stability and tenant stability scores at 55/100, there is a significant risk of fluctuating rental income and potential vacancy challenges due to moderate instability in the local market.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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