Rise in real estate prices in the first half of 2022
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Loading... - Grace Clark
- 07 Oct 2022
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After a third quarter marked by a remarkable fall, a slight rebound is felt from the 4th quarter of 2021, a rebound that continues until the first quarter of 2022, sale is recorded in the 2nd quarter of 2022.
The supply of apartments is doing quite well, recording strong growth, particularly in January and June 2022. Exceptionally, this development slowed down slightly between February and May.
In addition, the sinusoidal shape of the demand curve is reflected in an evolution which took place in January, March and May against a drop in April and June 2022.
Positive growth potential and a supply/demand ratio above 7% are observed in a few regions such as: Hammamet (10%), Jardins de Carthage (7%), Kelibia (9%) and El Mourouj (7%).
Supply plays a key role in the evolution of property prices; as long as the growth in demand can be compensated by an adequate supply, the evolution of prices remains moderate. Conversely, if supply is rigid, a slight increase in demand is enough to push prices up. Read More…
