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* ground 03 hectars industrial zone Rouiba

* ground 02 hectars Dar el Beida + office

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Soaring property prices in Algiers

It is not easy these days to have a roof, given the unprecedented inflation that has reached the real estate market. In recent years, prices have been in the wilaya of Algiers a steep rise which heavily penalizes middle income citizens, particularly young, eager to establish a home and forced to resort to bank loans. In this regard, the president of the National Federation of estate agents, Mr. Hacene Djebbar, told APS that soaring house prices means that many factors related to supply and demand, highly unbalanced. The head of the estate agency Wafa (Dar El Beida) said, meanwhile, that the original this problem, the wilaya yal'arrêté suspending the allocation of plots of land in 1998. It should be added that in his opinion the quake in May 2003 contributed to the increase in property prices, lots of land in particular. The plot in the town of Dar El Beida increased from 2 000 m2 DA five years ago, to 40 000 DA now. Housing prices have also risen sharply from 3.5 million dinars for F3 owned 7 million dinars. Rates for rental also rose, to the chagrin of the citizen who is forced to pay an advance of one year. According to this estate agent, rising prices in the region, to mention only the latter is due to the fact that "it has several shopping centers, transportation besides the conditions of stability and tranquility it offers" . What is striking, moreover, he believes, is that citizens of the city prefer to live in the inner regions of the wilaya, or a large demand for housing is recorded. These regions are also increasing as is the case of Birtouta where the price per square meter "increases every two months." Makers realtors Zéralda deplored for their lack or lack of supply, especially in terms of plots of land. This explains, according to them, the constant increase in property prices in this region where the price per square foot close to 50 000 dinars and where a property is sold F3 6 million dinars. Algiers-center is the nerve center of the country, housing prices will remain higher. Increased even more pronounced in some communes favored by many foreigners like El Biar, Ben Aknoun and Hydra, where the price per square meter varies between 100 000 and 200 000 dinars depending on soil quality and environment. The price of a property in F3 approaching 15 million dinars in the Commons. Given this situation, the head of a real estate agency said that "if the decision of the wilaya remains unchanged, the property prices in general and golf in particular will increase more."

Source: The Tribune