Property Prices in Faro, Portugal

Index Info
Price to Income Ratio: 15.60
Mortgage as Percentage of Income: 122.34%
Loan Affordability Index: 0.82
Price to Rent Ratio - City Centre: 21.58
Price to Rent Ratio - Outside of Centre: 19.21
Gross Rental Yield (City Centre): 4.63%
Gross Rental Yield (Outside of Centre): 5.21%
Rent Per Month
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1 Bedroom Apartment in City Centre €912.50 850.00-1,200.00
1 Bedroom Apartment Outside of City Centre €795.00 730.00-900.00
3 Bedroom Apartment in City Centre €1,550.00 1,500.00-2,000.00
3 Bedroom Apartment Outside of City Centre €1,340.00 1,000.00-1,800.00
Buy Apartment Price
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Price per Square Meter to Buy Apartment in City Centre €4,187.79 3,448.00-4,727.09
Price per Square Meter to Buy Apartment Outside of Centre €3,237.03 3,100.00-3,282.70
Salaries And Financing
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Average Monthly Net Salary (After Tax) €1,190.18
Annual Mortgage Interest Rate (20-Year Fixed, in %) 4.89 3.10-5.43

These data are based on 49 entries from 9 contributors over the past 18 months.
Last update: 5 May 2026

Sources and References
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