Sample reports

What a real Outpost report actually says.

Four anonymised dossiers — one per country. These are summaries of real reports we generated for paying users in 2025-26 (addresses removed, price bands rounded). Each shows the verdict, the key finding, and the watch-outs that changed the buyer's decision.

PTPortugalSlightly above market — AL is frozen here

Cascais — 2-bed apartment

85m² apartment 400m from the seafront. Built 2008. Listed by a Lisbon agency at €585,000.

Listed

€585,000

Fair value

€520,000 – €560,000

True cost

€646,400

Key finding

AL containment zone — short-term rental upside is zero, and 11% over the realistic comparable median for this 400m radius.

View full highlights and watch-outs→

In your favour

  • Property sits in a registered AL containment zone; short-term licence is suspended
  • IMI rate is 0.30% (lowest tier)
  • Cascais Hospital 8 min by car — strong healthcare anchor
  • Train to Lisbon airport in 30 min

Watch out for

  • Caderneta Predial Urbana shows an unlicensed extension; pre-deed survey essential
  • Direitos de preferência: building is in a protected zone — neighbours have 60-day pre-emption right
  • Pre-2018 plumbing — budget €8-12k for replacement
ESSpainSignificant tenant + licence risk

Barcelona — Eixample flat

92m² flat in Esquerra de l'Eixample. Currently rented with vulnerable tenant status. Listed at €725,000.

Listed

€725,000

Fair value

€620,000 – €670,000

True cost

€787,400

Key finding

Vulnerable-tenant status under Decree-law 9/2023 means eviction is effectively blocked; PEUAT prohibits any tourist licence in this district.

View full highlights and watch-outs→

In your favour

  • Beautiful Eixample architecture, true 92m² Carrez-measured
  • Madrid-style wealth-tax bonification not available in Catalonia
  • Strong long-term capital base in the district

Watch out for

  • Tenant has 'vulnerable' classification — eviction blocked under Spain's 2023 Housing Law
  • PEUAT zone — tourist licence is structurally unavailable
  • Catalan rent control: any future re-let is capped by IRAV index
  • Catastro–Registro discrepancy on the terrace area (8m² unlogged)
FRFranceFairly priced — year-round STR viable

Annecy — lakefront studio

42m² studio with lake view, 800m from old town. DPE rated D. Listed at €395,000.

Listed

€395,000

Fair value

€380,000 – €410,000

True cost

€428,700

Key finding

DPE D = no rental ban exposure until at least 2034. Annecy is under 200k population — no 120-day STR cap. AirDNA shows 68% occupancy at €185 ADR.

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In your favour

  • DPE D protects against the 2025/2028 G/F rental bans
  • Annecy has no 120-day STR cap (population under 200k)
  • Loi Carrez surface verified at 41.8m²
  • Year-round demand: Alps drive in winter, lake swimming in summer

Watch out for

  • Notaire fees baked in at 7.5% — €30k upfront
  • Copropriété charges €56/m²/yr — Paris-tier, lift + concierge
  • LMNP régime tightening from 2026 — amortisation rules in flux
  • EU forced heirship applies unless will explicitly elects nationality law
GBUnited KingdomStrong yield — verify SDLT impact

Manchester — M14 terraced HMO

Three-storey terraced house, currently a 5-bed licensed HMO, 600m from University of Manchester. Listed at £285,000.

Listed

£285,000

Fair value

£270,000 – £290,000

True cost

£317,800

Key finding

Gross 7.8% yield on M14 student-let economics. Existing 5-bed HMO licence transfers on completion. Non-resident SDLT surcharge adds £5,700.

View full highlights and watch-outs→

In your favour

  • HMO licence valid until 2027, transfers cleanly with sale
  • EPC C — meets the proposed 2028 minimum for new tenancies
  • Freehold (no leasehold trap)
  • Universities of Manchester + MMU within 1km

Watch out for

  • Non-resident SDLT surcharge: 2% adds £5,700 to a standard purchase
  • Article 4 direction: cannot convert other M14 stock to HMO without planning
  • Subsidence risk on M14 clay soil — full structural survey advised
  • 5 unrelated tenants requires Manchester City Council HMO licence renewal in Sep 2027

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