Mubawab, the leading digital platform in the national real estate sector, has published its Property Price Index (PPI) for the first quarter of the current year.
This quarterly index is calculated from the advertisements of new and old flats published on the Mubawab portal.
It shows that an increase was recorded in the first quarter of 2023, with the index rising by 13 points compared to the previous quarter, corresponding to an increase of 12.9%.
Real estate prices (new and old flats offered for sale) show a growth of 11.9% Year-on-year, compared to the first quarter of last year.
This price evolution is due to several factors such as inflation in the stone sector and the variation of supply and demand by area, explains Mubawab.
This indicator is used to measure and anticipate the profitability of their real estate investments (for investors) and to determine the prices of properties for sale or purchase and get an idea of the market value of the property (for owners and buyers).
In the real estate business, buyers and sellers need reliable data to make decisions. Thus, the price index represents an excellent indicator to follow the evolution of prices on the market”, says Anis Gharbi, CEO of Mubawab Tunisia.
