Soaring real estate prices in Tangier: why the middle class can no longer afford to buy

This situation, attributed by some sources to "exaggerated" rates charged by professionals, comes as the city is preparing to host major events and aims to become an attraction hub for industrial and tourism investments. Interviewed on this context by Hespress, a developer plays down the stagnation of sales, describing it as a "normal and natural" cycle. He recalls that prices mainly depend on location and quality, and that there are offers ranging from 700,000 to one million dirhams, or even less. He argues that the 50% to 60% sales rate of units before their completion contradicts the idea of an inaccessible market, noting a shift in demand towards the winter period.

Rising production costs and the persistence of the "black" market

For another developer, the high cost is an inevitable structural problem. He explains that construction costs have increased considerably, with a doubling of labor costs and an excessive rise in the price of materials. These factors force companies to display high prices which, according to him, only guarantee a reduced profit margin, especially since companies face increased tax pressure and the obligation to declare all their employees.

The reality of the Tangier market reaches peaks in the city center, where the square meter is not negotiated for less than 30,000 dirhams. He also addresses the persistent issue of undeclared payments. He claims that many owners refuse to record the actual price on the deed of sale, a practice that consequently pushes developers to demand a "black" portion of the payment during transactions.