Property Prices in Faro, Portugal

Index
Price to Income Ratio:	12.94
Mortgage as Percentage of Income:	102.77%
Loan Affordability Index:	0.97
Price to Rent Ratio - City Centre:	15.40
Price to Rent Ratio - Outside of Centre:	15.96
Gross Rental Yield (City Centre):	6.49%
Gross Rental Yield (Outside of Centre):	6.27%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	983.33 €	850.00-1,200.00
Apartment (1 bedroom) Outside of Centre	716.67 €	500.00-900.00
Apartment (3 bedrooms) in City Centre	1,666.67 €	1,500.00-2,000.00
Apartment (3 bedrooms) Outside of Centre	1,333.33 €	1,000.00-1,800.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	298.84 €	255.48-371.61
Price per Square Feet to Buy Apartment Outside of Centre	235.35 €	195.09-278.71
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	1,111.11 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	5.04	4.00-5.43

These data are based on 36 entries in the past 18 months from 8 different contributors.
Last update: February 2025

Sources and References

Nearby cities:

Property Prices in Tavira	23.42 miles
Property Prices in Portimao	41.90 miles
Property Prices in Setubal	153.72 miles
Property Prices in Pinhal Novo	153.90 miles
Property Prices in Barreiro	164.11 miles
Property Prices in Amora	164.75 miles
Property Prices in Seixal	164.99 miles
Property Prices in Sesimbra	174.48 miles
Property Prices in Amadora	177.25 miles
Property Prices in Rio de Mouro	183.01 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	35,800.00
GDP Growth Rate:	6.83%
Population Growth Rate:	-0.17%