Bordj el Kiffan: Apartment Supply Explosion and Impact on Prices

TL;DR: The apartment real estate market in Bordj el Kiffan is undergoing a spectacular transformation. Over the last 30 days, the volume of sales listings has surged by nearly 246%, increasing from 11 to 38 listings, signaling a massive increase in supply. This influx of properties has simultaneously led to a notable 14.5% drop in the median price per square meter, now standing at 196,703 DA/m². This dynamic creates a new landscape for owners, buyers, and investors, potentially marking a shift towards a more buyer-friendly market in this sought-after commune of Alger.