Tunisia’s emerging real estate opportunities are quietly making an impact, as growing numbers of buyers begin to discover the attractions of this truly unique market. Having been relatively overlooked in the few years the market has been open to foreign investment, Tunisia features fantastic potential to attract huge demand in the near future.
The hidden gem of North Africa managed to withhold from mass international demand while the domestic market developed and stabilised. Prior to allowing foreign property investors to enter the market, the Tunisian government created a regulation to ensure a minimum of 75% domestic home ownership in the country. The current position of private home ownership in Tunisia is remarkably now the highest in the world.
Avoiding the domestic sector from being priced out of the market, Tunisian real estate now presents a unique emerging market with internal stability prepared for high growth. Exceptionally low priced property is generating strong capital growth returns with year-round rental potential. Buy-to-let investors are taking an interest, as the rise in tourism shows mass market opportunities. Attracted to the Mediterranean features, five-star resort towns, stunning beaches and diverse cultural aspects, Tunisian tourism is gaining credibility to the ever expanding market.
Conveniently located as a short haul destination connecting to all major European airports, the accessibility of Tunisia adds to the attraction. New developments constructed in futuristic styles modelled on projects in Dubai are providing a fresh new image to traditional French style architecture of the main cities and towns.
While the short term investment potential of Tunisia is highly attractive, the long term stability of the market is assured from the strong, diverse economy. The highly educated, predominantly middle class society of Tunisia contributes to the stable economic growth of the nation, with development plans for expanding on sea transport and infrastructure in the near future.
Economic growth from oil and gas reserves have contributed to the modern development of the nation, where a strong European outlook in predominant in the continued progress. The ideal location, growing tourism market, highly developed domestic real estate sector and year round potential, all contribute to create an overseas property investment market with exceptional short, mid and long term potential.