Tunisia » Market Report

Tunisia property market is emerging on the forefront all set to make an impact in the real estate business. The government did not open up the property market to foreigners until the national home ownership was more than 80%. As foreign ownership of residential property in Tunisia was allowed only in 2006, the property market is ripe for investments and profitable returns. Being the location for shootings of block buster movies like Star Wars, Raiders of the Lost Ark, Monty Python’s Life of Brian and Minghella’s The English Patient it has attracted alot of attention to this land.

The attention has worked in its favour bringing in foreign investments, particularly from the Middle East. Middle East developers are taking a keen interest in Tunisian real estate investing vast sums of money in the Tunisian developments. All these are promising signs of a healthy future for real estate business in Tunisia.Some key developers are investing in Tunisian real estate that include  major Arab developers such as Dubai Holding, Bukhatir and Emaar  who have signed some major deals.  

The government plans to construct 300 to 323 homes under the 11th development plan (2007-11). The increase in local demand along with the keen interest of the overseas purchasers is all set to increase the residential construction. An added advantage is that prices of Tunisian property are still quite low and are bound to rise rapidly once the global economy recovers. It is predicted that the off plan properties in Tunisia will be double the amount of what they cost now in a matter of few years. he capital, Tunis, and the resorts along the Mediterranean - Hammamet, Monastir, Sousse, Port El Kantaoui, Skanes and Djerba all present opportunities for a promising investment. The thriving tourist industry is bringing in more investments and world class developments, luxurious hotels, business and leisure hubs along with residential units are fast springing up on the Tunisian landscape. 

According to International property brokers Tunisian property promises a sound investment as it seems to be going from strength to strength. As word is spreading about Tunisian real estate sector, more investments are trickling in. All the factors about Tunisia presents an encouraging picture for solid property investment. From a stable political, economical environment to affordable quality housing in a land rich with cultural and historical attractions and beautiful beaches to enjoy in a warm sunny climate, what more can be asked for!