How much does it cost to buy a apartment in Faro?
The median asking price for apartments in Faro is 4.559 €/m². Measured across 10.633 on-market listings.
How prices are spread
The apartment market in Faro
Apartments in Faro are currently asking a median of 4.559 €/m². Half of them are listed between 3.562 €/m² and 6.122 €/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 3.049 €/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 | 2.270 |
| Lagos | 4.706 | 1.058 |
| Albufeira | 4.477 | 1.395 |
| Vila Real de Santo António | 4.423 | 373 |
| Portimão | 4.322 | 2.093 |
| Aljezur | 4.302 | 50 |
| Silves | 4.258 | 555 |
| Lagoa (Algarve) | 4.242 | 505 |
| Vila do Bispo | 4.218 | 39 |
| Tavira | 4.155 | 713 |
| Faro | 4.138 | 713 |
| Olhão | 3.822 | 662 |
| São Brás de Alportel | 3.110 | 37 |
| Monchique | 3.049 | 15 |
Price by typology
| Typology | Median price (€) | Median area (m²) | €/m² | Listings |
|---|---|---|---|---|
| T0 | 250.000 | 48 | 5.152 | 383 |
| T1 | 349.000 | 70 | 4.914 | 1.938 |
| T1+1 | 449.000 | 87 | 5.147 | 337 |
| T2 | 490.500 | 105 | 4.537 | 4.369 |
| T2+1 | 585.000 | 125 | 4.478 | 126 |
| T3 | 560.000 | 136 | 4.033 | 2.369 |
| T4 | 850.000 | 188 | 4.255 | 480 |
| 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 4.556 €/m².
Gross: before costs, taxes and vacancy.
2262 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.