Property for sale in Tetuan

Real estate prices in Tetuan are influenced by various factors, including location, socioeconomic conditions, and property characteristics. For example, properties near popular landmarks such as the Plaza de la Verdura or the Tetuan Market can command higher prices, with average listings reaching around €1,800 per square meter, compared to areas farther away where prices might drop to approximately €1,200 per square meter. The overall economic environment, such as unemployment rates—currently around 14.5% in the region—also plays a significant role, as higher unemployment can suppress prices due to reduced purchasing power. Furthermore, the types of properties available can affect prices; newer developments within urbanized areas may list at €2,500 per square meter, while older, less maintained properties could be valued at €1,000 per square meter, reflecting their condition and demand in the market. The presence of amenities, such as schools and public transport, alongside local crime rates, can also sway buyer interest and therefore impact pricing dynamics.

Over the past year, real estate prices in Tetuan, a district of Madrid, have witnessed significant fluctuations. According to recent reports, the average price per square meter has increased from approximately €1,800 in early 2022 to around €2,050 by late 2023, reflecting an increase of about 13.9%. Specific neighborhoods, such as Cuatro Caminos and Vallehermoso, have seen even steeper rises, with prices soaring to €2,300 per square meter in some areas. In contrast, other parts of Tetuan, including areas further from the center, have experienced a slower pace of growth, with prices rising only about 5% over the same period. Moreover, the demand for new developments has surged, with builders reporting that properties in modern complexes are being sold at prices upwards of €3,000 per square meter, driven by amenities and proximity to public transport.

The average price per square meter for homes in Tetuán, a district in Madrid, generally ranges between €2,500 and €4,000, depending on the specific location and type of property. For instance, properties closer to the Tetuán metro station and the bustling commercial areas tend to command higher prices, often exceeding €3,500 per square meter. In contrast, more residential zones, further from the main transport hubs, might see prices closer to €2,500 per square meter. A two-bedroom apartment in the heart of Tetuán could average around €300,000, while similar properties in quieter streets may be priced around €250,000. Additionally, luxury properties, particularly those featuring modern amenities or historical architecture, can push prices up to €5,000 per square meter or more.

Tetuan, a district in Madrid, shows significant variations in property prices across its neighborhoods. For instance, Vallehermoso, one of the more upscale areas in Tetuan, has average property prices that hover around €3,200 per square meter, reflecting its proximity to green spaces and quality schools. In contrast, the area near La Ventilla tends to be more affordable, with prices averaging around €2,200 per square meter. Another neighborhood, Cuatro Caminos, often falls in between, with property values generally around €2,800 per square meter. These discrepancies can be attributed to amenities, access to public transport, and overall neighborhood appeal.

Tetuan's real estate prices are relatively moderate compared to other major cities in Morocco. As of 2023, the average price per square meter in Tetuan hovers around 7,000 to 9,000 MAD, significantly lower than cities like Casablanca, where prices can reach upwards of 20,000 MAD per square meter in prime areas. For example, a three-bedroom apartment in the city center of Tetuan may cost between 700,000 and 1,200,000 MAD, while a similar property in Marrakech's popular neighborhoods can exceed 2 million MAD. Moreover, the coastal areas of Tetuan, like Martil, experience a surge in prices during the summer, with beachfront properties fetching around 10,000 MAD per square meter. In contrast, smaller cities like Oujda or Nador generally see lower prices, often ranging from 5,000 to 7,000 MAD per square meter, highlighting Tetuan's position as a more desirable, yet still affordable, real estate market within Morocco.

In Tetuán, the typical price range for buying a house can vary significantly based on the location, size, and condition of the property. Generally, prices for apartments start around €150,000 for a smaller one-bedroom unit, while larger, more modern apartments with two or three bedrooms can range from €250,000 to €400,000. For those looking at single-family homes, prices often begin around €300,000 and can exceed €600,000 depending on neighborhood desirability and property features. For instance, more upscale areas near the coastal zones may demand higher prices, reaching up to €750,000 or more for well-appointed homes. Additionally, properties requiring extensive renovations might be available at lower price points, sometimes around €100,000, but would necessitate additional investment to make them livable.

In Tetuan, real estate prices exhibit noticeable seasonal trends influenced by various factors, including local festivals, tourism, and climate conditions. Typically, the peak season for real estate transactions occurs during the spring and summer months, from March to August, when temperatures rise to an average of 25°C (77°F), attracting both domestic and international buyers. During this period, property prices can increase by approximately 10-15%, as demand for vacation homes and rental properties surges. For instance, a two-bedroom apartment that might be priced at €100,000 in winter could see its value rise to around €110,000 by the middle of summer. Conversely, the off-peak months from November to February often see a decline in sales activity, which can lead to price reductions of about 5-10%. This seasonal volatility is particularly evident in areas close to cultural attractions, where fluctuations of up to €20,000 can occur based on the time of year.