Tangier Real Estate: Housing Prices Rise Slightly as Sales Slump

The residential sector, which includes apartments, houses and villas, is holding its own with a 0.6% increase in the price index. However, this increase does not seem to be stimulating transactions. Indeed, the volume of sales for this type of property shows a significant decline of 11.4%, according to data from Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC).

Conversely, the urban land market is showing signs of more positive dynamics. Despite a 3% drop in their prices, transactions have increased by 7.1%. This enthusiasm could be explained by an attraction for land investment, as land potentially offers better long-term profitability.

The professional asset sector, encompassing commercial premises and offices, is facing difficulties. The price index fell by 5.5% for commercial premises and 6.7% for offices, and sales plummeted by 21.3%.

Overall, the real estate market in Tangier seems to be going through a period of uncertainty. The general decline in the volume of sales (-9.6%) reflects a certain caution on the part of investors or a certain wait-and-see attitude.