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What will happen in Mauritania’s real estate market? Will prices go up or down? Is Nouakchott still a hotspot for foreign investors? How is Mauritania’s government impacting real estate policies and taxes in 2025?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with notaries, real estate agents, and clients who buy properties in Mauritania, we’ve gained firsthand insights.
That’s why we created this article: to provide clear answers, insightful analysis, and a well-rounded perspective on market predictions and forecasts.
Our goal is simple: to ensure you feel informed and confident about the market without needing to look elsewhere. If you think we missed the mark or could do better, we’d love to hear your thoughts. Feel free to message us with your feedback or comments, and we’ll work hard to improve this content for you.
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1) Property prices in Mauritania will keep rising due to low supply and high demand
Residential property prices in Mauritania are on the rise due to limited supply and growing demand.
Urban areas are bustling with more people, as the population hit 2,805,896 in 2023, a jump of 4.08% from the previous year. This steady climb, averaging around 4% annually since 2017, shows a clear trend of folks flocking to the cities.
Finding land for new homes is like searching for a needle in a haystack. The scarcity of land, along with a lack of a robust mortgage market, is pushing up demand and prices for the homes that are already there. Plus, there's a real worry about the shortage of affordable housing, which only adds fuel to the fire as demand outstrips supply.
Building new homes isn't cheap either. Rising construction costs are putting a damper on new housing projects, which in turn drives up property prices. In a place like Mauritania, where infrastructure is key to real estate value, this is a big deal.
On the flip side, Mauritania's economy is growing, and with it, people's wallets. Higher disposable incomes mean more folks are looking to buy homes, which is boosting demand and pushing prices higher.
So, if you're thinking about buying property in Mauritania, keep in mind that the market is hot, and prices are likely to keep climbing as demand continues to outpace supply.
Sources: CEIC Data, Mauritania Property Investment, Macrotrends
2) Mauritania’s property prices will rise moderately as economic stability improves
The real estate market in Mauritania is on the verge of a moderate price increase as the country's economic stability improves.
In 2023, Mauritania's economy showed promising signs with a GDP growth rate of 4.70%. This growth is expected to continue, albeit slightly slower, reaching 4.30% by the end of 2024. Such steady economic progress often leads to a higher demand for housing and commercial spaces, as more people and businesses look to invest in stable environments.
Foreign direct investment (FDI) is likely to rise alongside economic growth, bringing more activity and demand for housing. The government is actively investing in infrastructure projects, such as roads and utilities, which can make certain areas more accessible and attractive. This development could boost property values in key regions, making them appealing to potential buyers.
Political stability and improved national credit ratings are also playing a crucial role. These factors make it easier for investors to access financing, which in turn increases demand for real estate. As employment rates rise with the growing GDP, more people will have higher disposable incomes, turning them into potential homebuyers and investors.
With the government focusing on infrastructure and economic policies, certain areas are becoming more desirable. This shift is likely to create hotspots for real estate investment, where property values could see significant appreciation.
Sources: Trading Economics, Mauritania Property News
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Mauritania versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Property demand in mining regions will vary with global commodity prices, affecting local real estate values
In mining regions like Mauritania, property demand often fluctuates with global commodity prices.
When prices are high, mining companies ramp up production, creating more jobs and boosting the local economy. This surge in economic activity means more people need housing, pushing property values up. For instance, in 2023 and 2024, luxury housing projects in Tevragh Zeina saw a spike in demand due to high commodity prices.
But when prices drop, it's a different story. Mining companies might cut back, leading to job losses and a slowdown in the economy. This downturn means fewer people are looking to buy or rent properties, causing property values to stagnate or even fall.
The World Bank's Commodity Markets Outlook from October 2024 hinted at a potential decline in commodity prices. This could spell trouble for property demand in energy-intensive mining areas, as economic activity might dwindle.
In these regions, the real estate market is closely tied to the mining sector's fortunes. So, if you're considering buying property here, keep an eye on global commodity trends. They can significantly impact local real estate values.
Sources: The Africanvestor, World Bank Commodity Markets Outlook, Innovation in the Mining Sector
4) Property values in rural areas will drop as more people move to cities
In Mauritania, urban migration is on the rise as more people leave rural areas for city life.
Many are drawn to cities because rural areas lack economic opportunities. In these regions, over 77% of the population lives in multidimensional poverty, pushing people to seek better prospects in urban centers. Cities promise not just jobs but also improved living conditions, making them an attractive option for those looking to improve their quality of life.
The real estate market is also shifting its focus to urban areas. This is largely due to the growing demand for affordable housing and the availability of better job opportunities in cities. As a result, most infrastructure development and investment are happening in urban centers, which only adds to their appeal.
Economic growth is another factor driving this migration. Urban areas are experiencing higher economic growth rates compared to their rural counterparts. This disparity means that while cities are thriving, rural areas are being left behind, further encouraging people to relocate.
As more people move to cities, property values in rural areas are declining. The focus on urban development means that rural properties are losing their appeal, leading to a drop in their market value. This trend is expected to continue as urban migration persists.
Sources: Trading Economics, MPPN, TenantCloud, UNFPA
5) More foreign investors will be interested in Mauritania’s real estate market because of its untapped potential
Foreign investors are showing growing interest in Mauritania's real estate market due to its untapped potential.
In 2023, Mauritania attracted over $873 million in foreign direct investment, a clear sign of international interest. The government is actively working to make the business climate more appealing, which is likely to draw even more investors. Since 2019, they've been rolling out reforms to boost foreign investment and improve the business environment.
Significant infrastructure projects, like new roads and utilities, are underway. These developments could make certain areas more accessible and attractive, potentially boosting property values. Urbanization is also a key factor, with cities like Nouakchott and Nouadhibou seeing increased demand for housing as people move from rural areas seeking better opportunities.
Mauritania's economy is on the rise, thanks to its natural resources, which could further increase real estate demand. Property prices here are relatively lower compared to neighboring countries, making it a tempting option for foreign investors. International real estate firms are starting to enter the market, signaling growing interest in the sector.
Efforts to improve the regulatory environment for real estate transactions are underway, aiming to increase transparency and investor confidence. This could potentially stimulate market activity. The government’s proactive stance and ongoing reforms are making Mauritania a more attractive destination for investment.
With these developments, foreign investors are likely to continue exploring opportunities in Mauritania's emerging real estate market. The combination of lower property prices, economic growth, and improved infrastructure makes it a promising prospect.
Sources: Trading Economics, State.gov, EEAS, Mauritania Real Estate Market
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6) New home designs will change due to stricter environmental rules
Stricter environmental regulations are reshaping how new homes are built in Mauritania.
In recent years, the Mauritanian government has been serious about cutting down on emissions, aiming to reduce 18 million tons of carbon dioxide by 2030. This push means that new homes will need to be more eco-friendly. Builders are now looking at green building practices, with a big focus on using renewable energy like solar and wind. The goal is to have 50% of the country's energy come from these sources by 2030, which is a game-changer for home design.
International investors are also jumping on the green bandwagon, especially with projects like Mauritania's green hydrogen initiatives. This influx of interest and money is setting a new standard for local builders, who now have to meet these sustainable expectations. The buzz around eco-friendly homes is growing, thanks to media coverage, which is making more people want to buy these kinds of properties.
Local architects are catching on too, with projects like the AMAN project leading the way in energy-efficient design. This project is all about producing green ammonia, showing a clear shift towards sustainable residential design. As these trends pick up speed, the construction industry in Mauritania is being pushed to use more sustainable materials and practices.
Builders are increasingly turning to eco-friendly materials, which is a sign of the growing green construction materials market. This shift is not just about meeting regulations but also about tapping into the demand for homes that are better for the environment. The combination of government regulations, international investment, and local innovation is creating a perfect storm for sustainable building practices.
As these changes take hold, the way homes are built in Mauritania is evolving. The focus is on energy efficiency and sustainability, driven by both local and international forces. This transformation is not just a trend but a necessary adaptation to meet the new environmental standards.
Sources: IMF eLibrary, Energy Capital & Power, Constructive Voices
7) Rental yields in mining towns will stay unpredictable due to the cyclical mining industry
Rental yields in mining towns fluctuate with the mining industry's ups and downs.
When commodity prices like iron ore and gold are high, mining companies earn more and can afford higher rents, boosting rental yields. But if prices fall, companies might scale back, leading to lower rental yields.
Historically, rental yields in these towns have shown significant variation. During boom times, global commodity prices soar, more people find jobs in mining, and the demand for housing increases, driving up rental yields.
In contrast, during bust periods, employment in mining drops, reducing housing demand and causing rental yields to fall. This cyclical pattern is a hallmark of mining towns.
For potential property buyers, understanding this cycle is crucial. The volatility in rental yields reflects the unpredictable nature of the mining industry.
Investing in these areas requires a keen eye on commodity markets and industry trends. Rental yields will remain volatile, echoing the cyclical nature of mining.
Sources: Mauritania Real Estate Market, Trade.gov
8) Coastal property prices will rise quicker than inland areas because they attract both locals and foreigners
Coastal property prices are set to rise faster than those inland due to their unique appeal.
Imagine waking up to the sound of waves and a cool breeze; that's what coastal living offers, and it's why both locals and foreigners are flocking to these areas. The demand is not just about the view; it's about a lifestyle that inland properties can't match.
Governments are catching on, pouring money into coastal infrastructure like tram lines and historic renovations. These upgrades don't just make life better; they boost property values over time. Plus, with new luxury developments popping up, wealthy buyers are snapping up these prime spots, pushing prices even higher.
Real estate agents are buzzing with activity, reporting higher rental yields in coastal areas. This isn't just a local trend; expatriates and foreign investors are also keen, drawn by the economic perks and the laid-back lifestyle.
Look at the numbers, and you'll see a pattern: coastal properties have historically appreciated faster than those inland. This isn't just a blip; it's a trend that's here to stay.
Sources: Mauritania Price Forecasts, Tourism Annual Report, Tranio
We have made this infographic to give you a quick and clear snapshot of the property market in Mauritania. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Rental yields in cities will rise as more young professionals prefer urban living
Urban living in Mauritania is on the rise, with more people flocking to cities each year.
Back in 2023, the urban population was growing at a rate of 4.3206%, and 57.7% of the total population was already living in cities. This shift is a big deal for anyone eyeing property investments, as it points to a future where rental yields could soar.
Young professionals are a major part of this urban migration, drawn by better job prospects and educational opportunities. While we don't have exact figures, the increasing urbanization rate hints that many young adults are moving to cities, and they're the ones typically on the hunt for rental properties.
As Mauritania's economy grows, these young professionals are likely to have more money to spend, making them more capable of affording city rentals. The global trend of young adults preferring city life for its amenities and lifestyle is also happening here, making urban areas even more appealing.
Government investments in urban infrastructure are another factor making cities attractive, further boosting demand for rentals. This combination of factors suggests that rental yields in urban areas will increase as demand for city living grows among young professionals.
Sources: Trading Economics, Trading Economics
10) Rural rental yields will drop as people move to cities for better opportunities
In Mauritania, more people are moving from rural areas to cities.
Back in 2023, the urban population growth rate was 4.3206%, and by 2024, it was expected to be 3.8%. This shows a clear trend of people choosing city life. The main reason? Better job opportunities and economic prospects. While we don't have specific survey data, it's clear that these factors are driving the migration.
The Moudoun Project is a big deal here. With a $66 million grant, it's all about making cities more productive and resilient. This kind of investment is a strong signal that urban areas are where the action is. As more folks head to the cities, the demand for housing and commercial spaces is on the rise.
Urban infrastructure is getting a lot of attention, which means rental yields in cities are likely to go up. On the flip side, rural areas are struggling. With fewer opportunities and economic challenges, rural rental yields are expected to decline.
For anyone considering buying property, it's worth noting that the urban shift is reshaping the real estate landscape. Cities are buzzing with potential, while rural areas might not offer the same returns. This trend is something to keep in mind when making investment decisions.
Sources: Trading Economics, World Bank, Fannie Mae
11) Expatriates will boost demand for diverse housing options, diversifying the real estate market
Mauritania is experiencing a significant influx of expatriates, with many being refugees and asylum-seekers from Mali.
This movement is creating a rising demand for housing as these newcomers need places to settle. In 2023, the country welcomed around 178,000 refugees, which is a substantial number that directly impacts the housing market. The arrival of these individuals and families is reshaping the real estate landscape, pushing for more diverse housing options.
Adding to this dynamic, foreign direct investment in Mauritania reached $873.4 million in net inflows in 2023. This surge in investment is not just about numbers; it translates into new infrastructure projects, including housing developments. The government’s policies are quite favorable, allowing foreign investors to acquire real estate without much hassle, which further fuels this trend.
With Mauritania's growing international business presence, thanks to its participation in global agreements, the expatriate community is becoming more diverse. These individuals are working across various sectors, and their housing needs are just as varied. From modern apartments to spacious villas, the demand for different types of housing is on the rise.
For potential property buyers, this means a more diversified real estate market with opportunities to invest in properties that cater to a wide range of preferences. Whether you're looking for a cozy apartment or a luxurious villa, the market is expanding to meet these needs.
As the expatriate population continues to grow, the real estate market in Mauritania is set to become even more dynamic. This influx is not just about numbers; it's about creating a vibrant community with diverse housing options that cater to various lifestyles.
Sources: UNHCR Report, Trading Economics, Mauritania Embassy
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12) Demand for properties in Nouakchott's coastal areas will rise due to new waterfront developments
Nouakchott's coastal neighborhoods are buzzing with excitement due to new waterfront development projects.
These projects, led by Meridiam and the Mauritanian government, aim to transform the coastline into a vibrant hub. The plan includes restoring a 12km dune ridge and building a 6km dike-road, which will not only protect the city from erosion and flooding but also enhance its infrastructure. Imagine a "Sea Boulevard" that connects the city center to the bustling fish market, making the area more attractive and functional.
Investments in infrastructure are making these coastal areas even more appealing. New footpaths and paths for pedestrians and cyclists, along with recreational and sports areas, are popping up. The redevelopment of the fish market is a nod to preserving tradition while adding modern appeal. These changes are turning coastal neighborhoods into desirable places to live.
Nouakchott's population is on the rise, with projections showing a jump from 958,000 in 2013 to 2.2 million by 2040. This growth is fueled by urbanization and people moving to the city for better opportunities. As the city's young population enters the workforce, the demand for housing, especially in these attractive coastal areas, is expected to soar.
With the city's expansion, the coastal neighborhoods are becoming hotspots for property buyers. The combination of new infrastructure, a growing population, and the allure of waterfront living is creating a perfect storm for increased property demand.
These developments are not just about aesthetics; they are about creating a sustainable and vibrant future for Nouakchott. The city's transformation is a testament to its potential as a thriving urban center, with the coastline as its crown jewel.
Sources: Meridiam, Meridiam News, Arab Urban Development Institute
13) Efforts to fight desertification will boost residential development in some areas
Environmental initiatives are making some areas more attractive for living, especially in countries like Mauritania.
Thanks to increased government funding, projects are popping up to tackle desertification. For instance, the European Investment Bank and Meridiam have launched the Urban Resilience Fund, which aims to protect Mauritania's capital from coastal erosion and flooding, while also addressing desertification. These efforts are not just about saving the environment; they’re about making places more livable and appealing for potential homeowners.
The Great Green Wall initiative is another game-changer. It’s working to restore millions of hectares of degraded land and create green jobs, proving that reversing desertification is possible. This project is transforming barren lands into lush, green areas, making them more attractive for residential development. With improved living conditions, these areas are becoming hotspots for new homes.
Technology is playing a big role too. Satellite imagery from projects like DesertWatch shows a decrease in desertification in some regions. This tech monitors land degradation trends, providing valuable data that helps in planning and development. As a result, areas once considered uninhabitable are now on the radar for potential buyers.
Reports of better soil quality and increased vegetation are encouraging. Efforts like fencing plots and stabilizing sand dunes have significantly improved the vegetative cover and soil quality in the Sahel region. This not only enhances the environment but also makes the land more suitable for living. The improved biodiversity and wildlife sightings in these rehabilitated areas add to their charm, making them vibrant and livable.
These environmental initiatives are not just about combating desertification; they’re about creating new opportunities for residential development. As these areas become more appealing, they offer a fresh start for those looking to invest in property in the country.
Sources: UNCCD, EIB, ESA, Frontiers Partnerships, UNEP
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.