How much does it cost to buy a apartment in Faro?
The median asking price for apartments in Faro is 4.528 €/m². Measured across 11.762 on-market listings.
How prices are spread
The apartment market in Faro
Apartments in Faro are currently asking a median of 4.528 €/m². Half of them are listed between 3.543 €/m² and 6.020 €/m². A typical listing asks 480.000 € for 108 m².
Put in context, and 15% above the national median for apartments.
Faro is not one market. Across its 15 measurable municipalities, the most expensive is Castro Marim at 8.333 €/m² and the cheapest is São Brás de Alportel at 2.889 €/m². Picking the right municipality matters more here than timing the market.
Price by municipality
| Area | €/m² | Listings |
|---|---|---|
| Castro Marim | 8.333 | 159 |
| Loulé | 5.609 | 2.599 |
| Lagos | 4.747 | 1.306 |
| Vila do Bispo | 4.473 | 46 |
| Vila Real de Santo António | 4.404 | 366 |
| Tavira | 4.366 | 729 |
| Albufeira | 4.352 | 1.570 |
| Silves | 4.286 | 634 |
| Aljezur | 4.213 | 51 |
| Lagoa (Algarve) | 4.200 | 548 |
| Portimão | 4.196 | 2.469 |
| Faro | 4.118 | 596 |
| Olhão | 3.911 | 639 |
| Monchique | 3.049 | 11 |
| São Brás de Alportel | 2.889 | 35 |
Price by typology
| Typology | Median price (€) | Median area (m²) | €/m² | Listings |
|---|---|---|---|---|
| T0 | 248.000 | 48 | 4.900 | 395 |
| T1 | 350.000 | 70 | 4.923 | 2.157 |
| T2 | 495.000 | 105 | 4.602 | 5.478 |
| T3 | 550.000 | 136 | 3.974 | 2.767 |
| T4 | 814.500 | 191 | 4.218 | 551 |
| T5 | 805.000 | 264 | 3.537 | 56 |
| T6 | 795.000 | 204 | 3.918 | 38 |
| null | 569.250 | 129 | 4.977 | 79 |
Smaller homes cost more per m². A T1 above a T3 on €/m² is normal, so compare the price column when you are choosing a size, and the €/m² column when you are comparing areas.
Gross rental yield
Median rent of 16 €/m² per month against a median sale price of 4.529 €/m².
Gross: before costs, taxes and vacancy.
2470 properties in Faro are listed below their comparables
That is how many on-market listings here are asking less per m² than the nearest similar properties. Tell us what you are looking for and we will show you which ones, and alert you the moment a new one appears.
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Frequently asked questions
What is the price per m² for apartments in Faro?
How much does a apartment cost in Faro?
Which areas of Faro are cheapest?
How much does a T2 or T3 cost in Faro?
What is the rental yield in Faro?
Other property types here
Asking prices across every major Portuguese property portal, each property counted once. Updated daily.