Property Prices in Faro, Portugal

Index Info
Price to Income Ratio: 8.24
Mortgage as Percentage of Income: 61.20%
Loan Affordability Index: 1.63
Price to Rent Ratio - City Centre: 16.74
Price to Rent Ratio - Outside of Centre: 15.55
Gross Rental Yield (City Centre): 5.97%
Gross Rental Yield (Outside of Centre): 6.43%
Rent Per Month
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Apartment (1 bedroom) in City Centre 966.67 € 800.00-1,200.00
Apartment (1 bedroom) Outside of Centre 700.00 € 500.00-900.00
Apartment (3 bedrooms) in City Centre 1,487.50 € 1,150.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 1,250.00 € 950.00-1,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 306.58 € 269.42-371.61
Price per Square Feet to Buy Apartment Outside of Centre 219.87 € 185.80-278.71
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,720.00 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.25 2.50-5.43

These data are based on 41 entries in the past 18 months from 10 different contributors.
Last update: July 2024

Sources and References
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