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Property prices in Oran are experiencing significant upward pressure as we reach mid-2025. The Oran residential market saw a remarkable 24.9% price increase by June 2024 compared to the previous year, with this trend continuing into 2025. The city's strategic position as Algeria's second-largest urban center, combined with growing demand from both local buyers and diaspora investors, is driving sustained price growth across multiple property segments.
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Property prices in Oran are rising significantly, with a 24.9% increase recorded by June 2024 and continued growth into 2025. The market is driven by strong demand from diaspora buyers, urbanization trends, and limited housing supply in prime areas.
Average prices now range from 150,000 to 200,000 DZD per square meter, with city center properties commanding premium rates and rental yields averaging 5-7% for investors.
| Metric | Current Value (2025) | Notes |
|---|---|---|
| Average Price per sqm | 150,000-200,000 DZD | €1,360 city center / €708 outside |
| Price Increase (YoY) | 24.9% | June 2024 vs 2023 |
| Rental Yield | 5-7% | Prime locations averaging 6% |
| Diaspora Buyer Share | 20%+ | Growing international interest |
| Mortgage Interest Rate | 6.5% | 20-year fixed rate |
| Market Outlook | Continued Growth | Moderate increases expected 2025-2026 |
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
How much have property prices increased in Oran recently?
Property prices in Oran have surged dramatically, with a 24.9% increase recorded by June 2024 compared to the previous year.
This significant price appreciation has been particularly pronounced in the city center, where demand for apartments increased by 8% in 2024 alone. The rapid growth reflects strong market fundamentals including urbanization, limited supply of new developments in prime locations, and increasing interest from both local and international buyers.
The price surge has been consistent across different property types, with modern apartments and properties near the city center experiencing the steepest increases. As we move through 2025, this upward trend continues, though at a more moderate pace as the market begins to stabilize following the initial boom period.
Current market data shows that average prices now range from 150,000 to 200,000 DZD per square meter, representing a substantial increase from 2023 levels and positioning Oran as an increasingly important player in Algeria's real estate landscape.
Which neighborhoods in Oran are seeing the biggest price increases in 2025?
Oran's most dynamic neighborhoods for price appreciation are the city center districts and coastal areas, with coastal rental properties experiencing particularly strong demand.
The city center has emerged as the primary growth driver, benefiting from its proximity to business districts, cultural attractions, and transport links. Properties in these central locations command premium prices due to their accessibility and urban lifestyle appeal. Modern apartment complexes in these areas have seen some of the steepest price increases.
Coastal neighborhoods are experiencing a surge in both purchase and rental demand, driven by the growing popularity of seaside living. Rents in these areas are set to rise further as tourism continues to grow, with 3.3 million visitors to Algeria in 2023, many preferring coastal accommodations. Occupancy rates in coastal rentals are projected to stabilize at around 93% by mid-2025.
Areas near the new Ahmed Ben Bella Airport terminal, scheduled to open in March 2025, are also seeing increased investor interest as improved accessibility is expected to boost property values in surrounding neighborhoods.
What are the current average property prices in Oran as of June 2025?
As of June 2025, average residential property prices in Oran range from 150,000 to 200,000 DZD per square meter, with significant variation based on location and property type.
| Property Type & Location | Price per sqm (DZD) | Price per sqm (EUR) |
|---|---|---|
| City Center Apartments | 180,000-200,000 | €1,360 |
| Outside Center Apartments | 150,000-170,000 | €708 |
| Coastal Properties | 190,000-220,000 | €1,200-1,400 |
| New Developments | 160,000-185,000 | €900-1,100 |
| Luxury Properties | 220,000-280,000 | €1,500-1,800 |
| Student Housing Areas | 140,000-165,000 | €650-850 |
| Suburban Areas | 120,000-150,000 | €550-700 |
What property types are experiencing the strongest price growth?
Modern apartments and coastal properties are leading price appreciation in Oran's real estate market as of 2025.
Modern apartments, particularly those featuring contemporary amenities and located in well-connected areas, are seeing exceptional demand. These properties appeal to young professionals and growing families who prioritize lifestyle and convenience. Smart home technology integration and energy-efficient features are becoming key differentiators driving premium pricing.
Coastal properties continue to outperform the broader market due to tourism growth and lifestyle preferences. With Algeria welcoming 3.3 million tourists in 2023 and occupancy rates for coastal rentals projected at 93% by mid-2025, these properties offer both lifestyle benefits and strong investment returns through rental income.
Properties targeting diaspora buyers represent another strong growth segment, with over 20% of Oran's housing transactions in 2024 made by diaspora buyers. These buyers typically seek modern, well-located properties that can serve both as investment vehicles and potential future residences.
It's something we develop in our Algeria property pack.
How do current mortgage rates affect property buying in Oran?
Current mortgage interest rates in Algeria stand at approximately 6.5% for 20-year fixed-rate loans, making property financing more accessible than in many international markets.
These relatively moderate rates, combined with government initiatives supporting first-time homebuyers, have helped sustain demand despite rising property prices. The Central Bank of Algeria has maintained its key interest rate at 3%, providing a stable foundation for mortgage lending.
For a typical property purchase of 20,000,000 DZD (approximately €150,000), monthly mortgage payments remain manageable for Algeria's growing middle class. The government's housing programs, including subsidies and incentives, further reduce the effective borrowing costs for eligible buyers.
Foreign buyers and diaspora investors often bring cash or secure financing from international sources, reducing their sensitivity to local mortgage rates but still benefiting from the relatively stable interest rate environment in Algeria.
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What role are foreign investors playing in Oran's property market?
Foreign investors, particularly diaspora buyers, are playing an increasingly significant role in Oran's property market expansion.
As of 2024, over 20% of housing transactions in Oran were completed by diaspora buyers, representing a substantial increase from previous years. These buyers are attracted by the city's growth potential, relative affordability compared to European markets, and emotional connections to their homeland.
The upcoming opening of the new terminal at Ahmed Ben Bella Airport in March 2025 is expected to further boost international interest by improving accessibility. Enhanced air connections will make it easier for diaspora investors to visit and manage their properties.
Algeria's recent policy changes have also made foreign investment more attractive, with the 2022 Investment Law providing better frameworks and guarantees for international investors. The country became the top FDI recipient in the Maghreb region in 2023, attracting $1.21 billion in foreign direct investment.
These foreign buyers typically focus on modern properties in prime locations, contributing to price appreciation in the most desirable areas of Oran.
How does Oran's property market compare to other Algerian cities?
Oran offers lower entry prices than Algiers while delivering competitive rental yields, making it an attractive alternative for property investors.
| City | Avg. Price per sqm (DZD) | City Center Price (EUR) | Rental Yield |
|---|---|---|---|
| Algiers | 180,000-240,000 | €1,767 | 3.11% |
| Oran | 150,000-200,000 | €1,360 | 5-7% |
| Constantine | 140,000-190,000 | €1,000 | ~3% |
Algiers commands the highest prices with a 30-44% premium over Oran, but Oran offers superior rental yields due to strong tourism demand and growing business activity. Constantine provides the most affordable entry point but with lower growth prospects.
Oran's strategic position as Algeria's second-largest city, combined with its Mediterranean location and growing international connectivity, positions it as an optimal balance between affordability and growth potential in the Algerian market.
What are the property price forecasts for Oran through 2026?
Property prices in Oran are forecast to continue rising through 2026, though at a more moderate pace than the dramatic increases seen in 2024.
Expert projections suggest annual price increases of 3-7% for 2025-2026, representing a normalization from the exceptional 24.9% growth experienced in 2024. This moderation reflects market maturation and the impact of increased housing supply from government development programs.
The Algerian government's commitment to delivering 235,000 new housing units in 2025, including developments in Oran, will help moderate price growth while meeting increasing demand. However, prime locations and modern properties are expected to continue outperforming the broader market.
Long-term forecasts through 2030 remain positive, supported by Oran's projected population growth from 950,768 in 2024 to 1,122,700 by 2035. This demographic expansion, combined with continued urbanization trends, suggests sustained underlying demand for residential properties.
Infrastructure investments and tourism development will likely support continued price appreciation, particularly in coastal and central areas that benefit most from these improvements.
We made this infographic to show you how property prices in Algeria compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It's an easy way to spot where you might get the best value for your money. We hope you like it.
What impact are government housing policies having on Oran's market?
Government housing policies are stabilizing Oran's property market while supporting continued moderate growth through increased supply and buyer incentives.
The construction of 3,500 AADL housing units in Oran's new urban area of Ahmed Zabana between 2023-2024 represents a significant supply injection. Additionally, 6,331 public rental units were distributed across different locations in 2023, helping to address housing shortages and moderate rental price growth.
National housing initiatives are also impacting Oran, with the government's plan to deliver 579,500 housing units from 2021-2024 as part of a broader strategy to develop two million new homes over five years. These programs include subsidies for first-time buyers and incentives for developers.
The policies are having a dual effect: moderating excessive price growth by increasing supply while supporting demand through buyer assistance programs. This balanced approach is helping maintain market stability while ensuring housing remains accessible to local buyers.
Long-term, these policies suggest continued government support for housing development, which should help sustain moderate price growth rather than speculative bubbles.
How are rental yields performing in Oran's property market?
Rental yields in Oran are performing strongly, averaging between 5-7% in 2024, significantly outperforming many international markets.
These attractive yields are driven by robust rental demand from students, young professionals, and tourists. Oran's position as a major educational and business center creates consistent demand for rental properties, while growing tourism adds seasonal rental opportunities.
Coastal properties achieve the highest yields, benefiting from both long-term residential demand and short-term tourist rentals. With occupancy rates projected to stabilize at 93% by mid-2025, these properties offer particularly attractive returns for investors.
Properties near universities and business districts also command strong yields due to consistent demand from students and professionals. The rental market is supported by Oran's growing population and the city's role as a regional economic hub.
However, new developments entering the market may moderate yields in some areas as supply increases. Despite this, Oran's rental market remains fundamentally strong due to underlying demographic and economic trends.
It's something we develop in our Algeria property pack.
What are the main drivers of property demand in Oran?
Property demand in Oran is driven by urbanization, diaspora investment, tourism growth, and infrastructure development.
- Urbanization Trends: Algeria's urbanization rate reached 74% by 2021, with Oran attracting migrants seeking employment and lifestyle opportunities. The city's projected population growth to 1,122,700 by 2035 creates fundamental housing demand.
- Diaspora Investment: Over 20% of transactions involve diaspora buyers seeking investment opportunities and potential future residences. These buyers bring international capital and often prefer modern, well-located properties.
- Tourism Development: With 3.3 million tourists visiting Algeria in 2023, coastal areas see increased demand for both permanent and seasonal accommodation. The upcoming airport terminal opening will further boost tourism potential.
- Economic Growth: Algeria's classification as an upper-middle-income country by the World Bank, with GNI per capita rising from $3,900 to $4,960 between 2023-2024, expands the pool of potential buyers.
- Infrastructure Investment: Government spending on transportation, utilities, and public facilities improves area attractiveness and supports property values.
How do property prices in Oran compare to five years ago?
Property prices in Oran have increased substantially over the past five years, with particularly dramatic growth in 2024.
While specific five-year comparison data shows steady growth through 2020-2023, the 24.9% surge in 2024 represents the most significant single-year increase in recent history. This brings cumulative growth over the five-year period to well above 50% in nominal terms.
Adjusting for inflation and currency fluctuations, real price growth remains strong though less dramatic. The strengthening of the Algerian dinar by 4.38% against the USD in 2025 has helped offset some inflationary pressures and made properties more attractive to foreign buyers.
The acceleration in recent years reflects multiple factors converging: increased foreign investment following legal reforms, growing diaspora interest, tourism development, and limited supply in desirable areas. Earlier in the five-year period, growth was more moderate, making recent appreciation particularly notable.
For property owners, this represents significant wealth creation, while for first-time buyers, it highlights the importance of acting decisively in a rising market.
It's something we develop in our Algeria property pack.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Property prices in Oran are definitely going up, with substantial increases continuing into 2025 following the remarkable 24.9% surge in 2024.
The market shows strong fundamentals including diaspora investment, tourism growth, infrastructure development, and limited supply in prime areas, supporting continued moderate price appreciation of 3-7% annually through 2026.
Sources
- 13 statistics for the Oran real estate market in 2025 – Sands Of Wealth
- 15 statistics for the Algeria real estate market in 2025 – Sands Of Wealth
- Yes, property prices might fall in Algeria in 2025 – Sands Of Wealth
- 15 strong trends for 2025 in the Algeria property market – Sands Of Wealth
- 19 strong forecasts for real estate in Oran in 2025 – Sands Of Wealth
- Real Estate - Algeria | Statista Market Forecast
- Real Estate Industry Forecast in 2025 in Algeria - Alnomou Group
- Bank of Algeria Interest Rate 2025 | Take-profit.org