Dar Tisaa is an average sized dar in the Fez medina that has been renovated tastefully with a micro-mini pool in the courtyard and a great roof terrace view of the medina. The renovations have created three suites, each with private bath. So what is it worth?
Let's talk in Euros and mention that five years ago it sold for 28,000. So we were amazed to hear that this house just sold to a Russian buyer for 300,000 Euros through American agency, Fes Properties. It is an amazing price and no way reflective of the normal Medina prices. It should be remembered that a house in Fez can be bought from 10,000 at the low end with most houses ranging from 20 to 200 thousand. In a recent survey of websites we came up with an average of around 56,000 Euros.
The price of 300,000 does sound on the high side especially as we understand that the owner wants to use the place as a rental property in an already crowded market.
You can check prices for yourself at Immobilier-Maroc.com where the prices quoted are about 50% higher than the price on the street! Nevertheless, the site will give you an idea of the prices.
If you need good advice about buying a house in Fez, contact Adil at Fez Medina Consulting
For restoration advice contact Jon and Jenny at Fezmorocco.com.
NOTE: The View from Fez has no connection or financial interest in any of the services offered. We pass on information only to assist people interested in the Medina of Fez.
Tags: Morocco Fes, Maghreb news
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