Tangier is a lively city in northern Morocco that is known for its views of the coast, mix of cultures, and growing real estate market. Now, people from all over the world are buying flats in Tangier. Some want it as a vacation home, while others see it as a way to make money.
Tangier’s real estate market has a lot of choices. You can find high-end apartments with views of the sea, cheap homes in places that are still being built up, and middle-range apartments in good spots. It’s a great time to buy because prices are still lower than in many European towns.
We hope this guide helps you if you want to buy an apartment in Tangier. It talks about the best places to live, costs, legal steps, and how to get the best deal.
Why Should You Buy an Apartment in Tangier?
1. The perfect spot
This city is where the Atlantic Ocean and the Mediterranean Sea meet. It’s not far from Spain; all it takes is a short boat ride. It’s a major place for business and tourism because of this.
It’s getting better.
Tangier is getting bigger quickly. The city is changing because of new businesses, hotels, and building projects. Because of this growth, property values are going up, so now is a good time to spend.
3. A lot of people want to rent
A lot of tourists, expats, and business visitors go to Tangier. Some people come here for short visits, while others stay for a long time. This makes the rental market strong. You can make money by renting out a flat that you buy.
4. Low-cost prices
While not as cheap as flats in Europe or the US, Tangier apartments are still a good deal. It’s possible to find upscale homes for less money than in Spain or France. For not too much money, you can get a great flat.
You can buy apartments in Tangier, Morocco.
There are many apartment buildings in Tangier to choose from if you want to rent one. These are the main kinds:
1. High-end apartments
These are brand-new, high-end houses with beautiful finishes. A lot of them are in great spots, like Malabata or near the beach. As a rule, they have protection, parking, and views of the ocean.
2. Apartments in the middle price range
These flats are a good mix of price and quality. They are in places that are safe and have good services. Some of them have decks and pools that are shared. You can rent them for a long time or with your family.
3. Cheap Apartments
If you want to save money, you can find small apartments in areas that are still being built up. Even though they might need some work, these are great homes for first-time buyers or people who want to spend.
4. Newly built homes vs. old apartments
Modern forms, lifts, and better insulation can be found in new buildings. The rooms in older flats might be bigger and cost less, but they might need repairs.
The best places to buy an apartment in Tangier
Tangier has a lot of great places to buy a home. These are some of the best:
1. Marāa
These are the old streets in Tangier. It’s historic and has small streets and homes that look like they were built in Morocco. The apartments are unique, but there aren’t many places to park.
2. Malabata
Malabata is a new neighbourhood by the water. It has high-end homes with views of the sea. A lot of people like it, which makes it a great place to rent out.
3. California and Iberia
These are high-end neighbourhoods with flats that are very roomy. They are safe, quiet, and well-liked by expats. There are shops, schools, and bars close by.
4. The city centre
The city centre is a good place to live if you want to be close to everything. It has flats close to places of work, shopping, and public transportation.
5. Merkala and Marshan
These areas are peaceful and have beautiful views of the ocean. A lot of high-end flats are there.
How Much Apartments Cost on Average in Tangier
Tangier has different prices for different areas, sizes, and types of goods. Here’s a rough guess:
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Luxury apartments cost between $2,000 and $3,500 per square meter.
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Mid-range apartments cost between $1,200 and $1,800 per square meter.
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Cheap apartments cost between $700 and $1,100 per square meter.
The price also changes based on how old or new the flat is. Most of the time, new improvements cost more.
How the law affects buying an apartment in Tangier
If you are not from Morocco, you can buy land without any problems. To make sure the deal is safe, you must follow the law.
1. How to Get an Apartment
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Find a house that meets your wants and fits your budget.
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Sign a formal deal with the seller and put down a down payment.
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Hire a notary to look over property papers and make sure you are legally the owner.
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Finish the last part of the deal and put your name on the property.
2. Things that are needed
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The passport or ID
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A bank statement is proof of cash.
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Number for your tax ID (you can get this in Morocco)
3. Costs that come up
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Fees for the notary: about 1% of the price of the house
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The fee to register is 4% of the buying price.
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Property tax once a year (if needed)
How to Get an Apartment in Tangier
1. Hire a real estate agent you can trust.
A good real estate agent will help you find the best home and get the best price. Pick someone who has worked in the Tangier market before.
2. Find out what the property’s legal status is.
Make sure the flat has all the formal papers before you buy it. There may be disagreements about who owns some buildings, so get a lawyer or notary to check the papers.
3. Know how the market is moving.
Prices of homes can change over time. Before making a choice, look into the market.
4. Talk about the price.
A lot of sellers want buyers to be able to negotiate. Don’t be afraid to ask for a better deal or a less expensive price.
5. Write down everything.
Agreements made in words are not enough. Sign formal papers every time, and keep copies of everything.
In conclusion
It’s fun to buy an apartment in Tangier. It has low prices, a rising market, and a lot of people looking to rent. You can find a great home here whether you want a vacation home, a rented property, or a family home.
Find out about the best areas, compare prices, and follow the law before you buy. You can get a safe and fair deal if you work with a real estate agent.
Start looking into your choices right away if you want to buy an apartment in Tangier. This beautiful Moroccan city might have the right house for you.
