How much does it cost to buy a apartment in Faro?
The median asking price for apartments in Faro is 4.560 €/m². Measured across 10.635 on-market listings.
How prices are spread
The apartment market in Faro
Apartments in Faro are currently asking a median of 4.560 €/m². Half of them are listed between 3.562 €/m² and 6.135 €/m². A typical listing asks 480.000 € for 107 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 8.772 €/m² and the cheapest is Monchique at 2.941 €/m². Picking the right municipality matters more here than timing the market.
Price by municipality
| Area | €/m² | Listings |
|---|---|---|
| Castro Marim | 8.772 | 149 |
| Loulé | 5.750 | 2.275 |
| Lagos | 4.705 | 1.050 |
| Albufeira | 4.477 | 1.393 |
| Vila Real de Santo António | 4.452 | 383 |
| Portimão | 4.327 | 2.079 |
| Aljezur | 4.318 | 49 |
| Silves | 4.283 | 556 |
| Lagoa (Algarve) | 4.242 | 501 |
| Vila do Bispo | 4.218 | 39 |
| Tavira | 4.155 | 712 |
| Faro | 4.144 | 712 |
| Olhão | 3.817 | 677 |
| São Brás de Alportel | 3.110 | 37 |
| Monchique | 2.941 | 17 |
Price by typology
| Typology | Median price (€) | Median area (m²) | €/m² | Listings |
|---|---|---|---|---|
| T0 | 250.000 | 48 | 5.143 | 383 |
| T1 | 349.000 | 70 | 4.910 | 1.936 |
| T1+1 | 440.000 | 86 | 5.127 | 331 |
| T2 | 492.000 | 105 | 4.540 | 4.389 |
| T2+1 | 585.000 | 125 | 4.478 | 126 |
| T3 | 560.000 | 136 | 4.028 | 2.367 |
| T4 | 850.000 | 190 | 4.294 | 478 |
| null | 558.300 | 128 | 4.921 | 162 |
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 17 €/m² per month against a median sale price of 4.560 €/m².
Gross: before costs, taxes and vacancy.
2265 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.