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 70 m², built in 2006, energy rating D. Located on praceta António Lopes Ribeiro, 16, Portimão parish, Portimão municipality, Faro district. This apartment features a functional kitchen with modern finishes and a garage space, enhancing both convenience and lifestyle in a central location in Portimão.
The valuation. The asking price of €260,000 is slightly above the fair value of €255,244, representing a 1.9% premium. This reflects a fair valuation for the current market conditions in Portimão.
Fair value modelled at €255,244 from 6 comparable sales in the area. Asking €260,000 sits €4,756 (1.9%) above — overpriced versus fair value.
Asking €260,000 versus the praceta António Lopes Ribeiro, 16 area baseline of €235,516 (€3,365/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €235,516, adjusted for condition and micro-location, gives a modelled fair value of €255,244 (€3,646/m²), a €4,756 (1.9%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta António Lopes Ribeiro, 16 | Subject | €260,000 | €3,714 | — | 72 | 76 |
| rua Horta do Palácio | Active | €299,000 | €3,646 | 1.8% | 72 | 65 |
| Portimão · 8313bc | Active | €299,000 | €3,646 | 1.8% | 70 | 73 |
| Portimão · a80adb | Active | €299,000 | €3,738 | 0.6% | 76 | 70 |
| rua Comandante Carvalho Araújo | Active | €260,000 | €3,514 | 5.4% | 60 | 70 |
| Median comp | €299,000 | €3,646 | 1.8% | 71 | 70 |
Short-term vacation rental This property, located in Algarve, should perform adequately as a short-term vacation rental given its fair value of €255,244 against the listing price of €260,000, which reflects a modest gap of 1.9%. The area’s tourism-driven economy supports a gross yield of 4.4%, making it a competitive option for seasonal rentals. Buy-and-hold With a fair value of €255,244 compared to the listing price of €260,000, the property is positioned within a small margin of potential appreciation at 1.9%. The 4.4% gross yield is reasonable, considering the location's strong appeal in the Algarve region for future stability and growth in property values. Luxury market Although this property is listed at €260,000, which is close to its fair value of €255,244, it may not fully capture the essence of luxury due to its moderate overall condition rating of 72/100. The neighborhood quality score of 76/100 indicates appeal, yet the gap of only 1.9% suggests it lacks the distinct features typically sought-after in the luxury market segment.
Economic downturn risk With an economic stability score of 75/100 and a tenant stability score of 73/100, the potential for an economic downturn could lead to increased vacancies or lower rent prices, affecting overall returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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