Booming Real Estate Market in Tangier
With an overall population of around 700,000, the city of Tangier geographically lies on the grand North African coast. Comprising the meeting point of the Mediterranean and the Atlantic Ocean, the coastline extends from western entrance to the Strait of Gibraltar.
The charm of Tangier
The exquisite location of Tangier attracts many visitors from around the world. This growing trend of tourism in the locality has indirectly made the real estate market grow hugely. A nice and harmonious blend of various cultures such as Jews, Muslims, Christians, etc. is clearly visible out there. The wonderful natural scenic beauty and the unique Mediterranean culture are the main reasons why people prefer to visit that place often. The city is the capital of the Tangier-Tetouan Region and hosts many important Moroccan tourist spots.
How does Tangier receive response from the world?
Tangier is a place where there is very nice unity among diversity. People from different parts of the world have different reasons for liking that place. The pro-European culture of Tangier attracts the British. Major portion of the population being Muslims, Tangier has rich Arabic virtues in their culture which is loved by the East. Americans have the special attraction for the place as it hosts the first American consulate. This global hotspot is a place where there is no discrimination between cast, creed, religion, race and color.
Real estate market in Tangier
Recently, Tangier has turned out to be a hotspot for the real estate market. With tremendous scope for growth, Tangier provides huge opportunities for real estate investors from both east and the west. In last couple of years, an increasing demand for new infrastructure development and building facilities is noticed because of the growing number of foreign settlers opting that place. With Tangier’s peaceful social structure, stable market, and the growing trend of tourism, it has become a dreamland for many property investors to choose this place to pour money in.
Tangier’s real estate future
With the past records in view, the real estate industry in Tangier can only anticipate phenomenal returns in near future for those who are committing their capital at present. For a small city like Tangier, a growth of 30 percent during last 3 years is quite a huge and unbelievable growth rate. With this perspective, Tangier proves to be a promising ground for the emerging real estate market investors. The placement of the city of Tangier provides an added benefit for the investors as this city is like a gateway of Europe to Arab and North Africa. Being the central connecting point of the three continents, Tangier enjoys an impressive economic growth year after year.
Concluding remarks
Over the past few years, many new investors and real estate agencies are seen to enter into Tangier’s real estate market. Many Europeans find interest in beach resort holidays, and Tangier provides an exciting opportunity for the same. Most of the investors are now concentrating on the potential of tourism development in the locality.
Filed Under: About Tangier
