People who want to buy land in Morocco will love Tangier more than any other city. It’s a great place to live or buy because of its location. The real estate market is growing. Tangier has a lot of different types of apartments, from those right on the beach to those in the city heart and even some brand-new apartments in new developments.
Before you buy a flat in Tangier, read this guide to learn about the best areas, price trends, legal steps, and why Tangier is a great place to do so.
Why Would You Want to Buy a Tangier Apartment?
Growing Real Estate Market
In the past few years, Tangier has grown very quickly. The desire for real estate has gone up because of new projects, updated infrastructure, and strong investor interest. The city is getting bigger, which makes it a good spot to buy.
Location with Potential
This city is where the Atlantic Ocean and the Mediterranean Sea meet. It’s close to Spain and has boat links to Europe. Buying and investing from other countries will love it because of this.
Possible for tourism and rentals
All year long, tourists come to Tangier, which makes short-term renting possible. People come to the city for its history, culture, beaches, and culture, which makes rental homes profitable.
Prices that are lower than in Europe
It costs less to buy a flat in Tangier than in towns in Europe. The houses are of good quality and cost less, so it’s a good investment.
Modern comforts and ways of life
Tangier has a mix of modern and old-fashioned ways of life. There are high-end neighbourhoods, shopping malls, restaurants, and historical places. You can live there or put your money there.
Different Kinds of Flats in Tangier
High-end apartments
There are many great things about these apartments, such as views of the sea, security, parking, and modern designs. They are in places like Malabata and Tanja Marina that people want to live.
Flats in the middle price range
These flats are nice, in a good spot, and don’t cost too much. Malabata from the area and other countries who are looking for good homes like them.
Moroccan flats the old way
With their tiled floors, arched doors, and open floor plans, these homes have classic Moroccan styles. You can find them in the city’s older parts.
Changes and updates
There are a lot of new housing buildings that offer modern apartments with payment plans. Investing in Tangier’s market can be cheap if you buy before the building starts.
Flats for Sale
A lot of the time, older flats are cheaper. A lot of them are in central areas and have bigger living areas than new projects.
You can buy apartments in Tangier, Morocco.
Tangier has a lot of different kinds of flats for sale, from cheap ones to very expensive ones. Costs change based on area, size, and features.
- There are one-bedroom flats in city centres and new developments that are perfect for single people or small families.
- flats with two or three bedrooms, great for families or buyers who want to rent them out.
- Penthouse apartments have views from the top floor, terraces, and high-end furnishings.
There are many apartment buildings in Tangier to choose from, whether you want a small one or a big one.
Where in Tangier is the best place to buy a flat?
A Medina
There are old houses and one-of-a-kind homes in Tangier’s old city. The flats here are decorated in a traditional Moroccan style and are close to cultural places.
Malabata
There are high-end homes with views of the sea in this modern beachfront area. Buyers of high-end goods and businessmen will love it.
District of Iberia and California
These high-end areas have modern buildings, large apartments, and a calm atmosphere. They are liked by both workers and families.
Marzano
A nice place to live with beautiful views that is close to the Royal Palace. It is in a quiet area and has private lands.
Place in the city centre
A lot of mid-range and high-end apartments are in this busy area. It’s convenient because there are stores, restaurants, and companies close by.
Al Houara and Tanja Marina
There are new apartment buildings in these places that are modern and have lots of great features. A lot of overseas investors are interested in them.
Market Trends and Price Trends
Tangier home prices depend on where you live and what qualities the home has.
- $1500-$2500 per square meter for apartments in the city centre
- Luxury flats on the beach cost between $3,000 and $5,000 per square meter.
- New developments: reasonable prices and a range of payment choices
- Traditional houses in Medina are cheaper, but they need to be fixed up.
Tangier’s real estate market is still steady, but prices are likely to go up because more people want to buy.
Things you need to know about the law when buying a home in Tangier
Foreigners: Can they buy a house?
Yes, people from other countries can buy apartments in Tangier. People who don’t live in Morocco can own property, but not farmland.
Process and paperwork for the law
- A sales agreement is a deal between a buyer and a seller.
- Notary Services—A notary confirms the sale and makes sure it follows the law.
- Title Deeds—There must be no question about who owns the property.
Fees and taxes
- Notary fees: about 1% of the value of the land
- Registration and Stamp Duty: 4 to 6 percent of the price of the home
- Property taxes change every year based on the value of the property.
How to Avoid Scams
- Hire a qualified real estate agent to help you.
- Check the property papers before you buy them.
- Make sure that the sale is legally recorded.
Different ways to pay for a Tangier flat
Getting a mortgage or paying cash
Many sellers would rather pay cash, but Moroccan banks do offer home loans to both Moroccans and people from other countries.
Foreign buyers can get loans from banks.
Some banks will give mortgages to people who don’t live in the country, but they might need a local guarantee.
Payment Plans for Developers
It’s easier to buy a flat in a new building because there are often payment plans.
Extra costs to think about
- Maintenance fees every month
- Fees for services
- Costs of insurance
Tangier is a good place to invest in rentals.
There are a lot of short-term and long-term rentals in Tangier.
Rentals for short periods of time (for tourists)
- A lot of people want it.
- The best places to stay are in Marina, Malabata, or City Centre.
Rentals for a long time (for expats and locals)
- A steady income from locals and expats
- Areas that are liked: Iberia, Marshan, and California District
What the law says about rentals
- Write down rental deals.
- Get a rental pass for stays of less than a month.
How to Get a Tangier Apartment
- Figure out how much you want to spend and stick to it.
- Pick a Neighbourhood—Find the place that fits your needs the best.
- Find a real estate agent—work with someone you can trust.
- Check out Properties—Weigh your choices before making a choice.
- Make an Offer—Talk about the best price.
- Get a notary to look over your formal papers.
- Finish the Purchase: Sign the final contract and put the property on the market.
How to Have a Smooth Shopping Experience
- Hire real estate agents with a lot of knowledge.
- Look into the market prices before you buy.
- Carefully check legal papers.
- Before you sign the papers, you should see the house in person.
In conclusion
It’s a great idea to buy a flat in Tangier. It has reasonable prices, the possibility to rent, and a modern way of life. There are a lot of choices if you want to buy a home or make an investment. Think about what you want, talk to experts, and find the best home for your needs.
Start looking at homes and talking to a reputable agent today if you want to learn more about flats for sale in Tangier.
