2023-04-17 10:23:15
According to the study, 38% of advertisements on the “Mubawab.tn” portal are long-term rentals, of which 47% relate to apartments offered for rent. Similarly, 42% of visitors to “Mubawab.tn” are looking for a long-term rental and 75% of people wishing to rent are looking for an apartment.
The Tunisian real estate site “Mubawab” has just published the results of its latest “Rental tensiometer” for the second half of the year 2022. A work which exposes, in detail, the dynamics of the long-term rental market in National level. According to the same source, “the observations made in this work correspond to housing intended exclusively for living and rental, advertised on the portal between July and December 2022. Are excluded goods for commercial use, land, farms and property for sale. The average prices are calculated by geographical area, overall, and for each of the segments selected for empty, old and new apartments and for any configuration, on the basis of rental advertisements published on Mubawab.tn. The prices indicated in this study present averages which depend on the type of apartment, the standing and the condition of the property. One can find high prices and others lower for the same area and the same typology”.
Key figures
The study of “Mubawab” highlights four key figures. Thus, according to the study, 38% of the advertisements on the “Mubawab.tn” portal are long-term rentals, of which 47% relate to apartments offered for rent. Also, 42% of visitors to “Mubawab.tn” are looking for a long-term rental and 75% of people wishing to rent are looking for an apartment.
A study of price and acreage developments brings out a number of findings. According to the “Rental Tensiometer”, the average rent for an empty apartment in Tunisia recorded an annual increase of 2.6%. This rate reflects a growing demand for the rental of this type of property. This is mainly due to the increase in the cost of acquiring or building real estate. The area available on the rental market increased by 1.6%. Also, during this second half of 2022, rental prices are stable, compared to the first half of the same year. Studies by “Mubawab” have also shown a 3% reduction in the surface area offered.
In the second half, rental prices remained stable compared to the previous half, with a slight decrease of 0.4%.
By area…
In greater Tunis, the average rent by type shows that the most expensive area remains La Marsa where the average rent for an S+1 apartment is 1,930 DT and that of an S+3 is 2,660 DT. The second place is attributed to the “Gardens of Carthage” (1.475 DT for an S+1 and 2,400 DT for an S+3). We then find respectively “Ain Zaghouan north”, “La Soukra”, “El Aouina”, “Chotrana I”, “Cité Ennasr II”, “Boumhel” and finally “La Nouvelle Médina”.
The study gives more details on the requests by zone. At the “Jardins de Carthage”, the 70m²-80m² area interval is the most requested, followed by the 130m²-150m². The latter represents the most available area margin in this area. The areas least available, but also the least sought following, are those larger than 190m². Concerning the typologies, the supply and the demand evolve in a proportional way.
In the “Ennasr II” area, the intervals between 110m²-130m² and 150m²-170m² are the most sought following and offered. The offer of apartments in “Ennasr II” is also characterized by a significant availability of slices of areas between 70m²-90m². The S+1 are the most offered, but also the most sought following alongside the S+2. The S+3 represent a typology very available and in demand on the rental market.
At the “Berges du Lac II” where the average rent amounts to 3,100 dinars, areas between 110m² and 130m² constitute the most requested section, followed by 170m²-190m². The 130m²-150m² and 150m²-170m² area intervals rank among the top 3 in terms of supply and demand. The S+3 represent the vast majority of the configurations proposed and also requested at Lac 2.
… And by region
With regard to the interior regions, in “El Kantaoui” where the average rent is 1,400DT, areas of less than 50m² are the most available. They also occupy the second position in terms of research behind the areas of 100m²-110m². S+1 and S+2 are the most offered and also requested configurations at “El Kantaoui”. A large supply of S+3 also characterizes this area. Still in the Sahel, and more particularly in “Sahloul”, apartments of 100m²-130m² are the most sought following. The most available slices of surface area are between 80m² and 100m² as well as those below 50m². S+2 apartments are the most sought following and the most available at the same time. In “Hammamet Sud”, the average rent is 1,250 DT. The small and medium ranges of areas 60m²-70m² and 80m²-90m² are those which represent the majority of offers and requests. These areas generally correspond to S+1 and S+2 apartments. In North Hammamet, the average rent is 1.16 5 TND and the supply of apartments with areas between 110m² and 130m² recorded a peak with 25% of apartments offered for rent. There is a significant demand for the area range between 70m²-110m².
Supply and demand in 2022
According to the study, “The year 2022 has seen significant fluctuations in terms of supply and demand for apartments for rent. In contrast, demand experienced a remarkable decline in April, followed by a peak in August and a decline towards the end of the year. For its part, the supply recorded a drop in April, an evolution in June and an increase between the months of August and November”.
In a testimony from Anis Gharbi, Country Manager of “Mubawab Tunisia” taken up by several sites, the latter announces that “faced with the rise in prices for the sale of real estate, the demand for properties for rent is now popular. This trend seems to pave the way for new habits and it is set to continue in the coming years”. It should be recalled that “Mubawab” is the digital platform of reference in the national real estate sector. The site offers its users a range of ads offered by professionals in the sector. The notoriety of “Mubawab” has earned him the trust of Internet users today, with 500,000 visits per month. With a customer portfolio of nearly 400 partners and more than 45,000 active ads, the portal is a safe bet for real estate agencies and developers in Tunisia. “Mubawab”, a subsidiary of the Empg group, is today the undisputed leader on the Tunisian market, in Morocco and in Algeria. It is the first real estate portal that seeks to revolutionize the real estate business, structure it and support the dynamics experienced by this high-potential sector.
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