Tangier Real Estate Prices Rise 2.5%, Residential Sector Leads Growth

This increase is mainly attributable to the rise in prices in the residential sector, which has seen growth of 3.2%. Urban land is following this trend with an increase of 1.7%.

The entire sector is not at its best. Commercial real estate assets are struggling to find tenants, with a significant 2.7% drop in their value.

Overall, sales have increased by 10.6%, driven by a strong increase in transactions in the residential (+13.6%) and land (+11%) segments. The segment of professional-use properties, on the other hand, is struggling to keep up, with a sharp decline of 22.8%.

A more detailed examination by type of property offers a more nuanced picture. Apartments and houses show an increase of 3.1% in price and 13.9% and 6.8% respectively in transactions. Villas show an increase of 6.3% in transactions and an impressive 19.7% increase in price.

In contrast, the commercial and office space sector is struggling. Commercial premises record a 1.9% drop in price and a 19.1% drop in transactions, while offices suffer a drastic 8.0% drop in price and a 50.0% drop in transactions.