Why is Tunisia seen as an emerging property market ?

A series of deregulatory steps have taken place to make the environment more favourable to foreign property investors. The government has largely waited in order to boost local homeownership for political reasons before opening the property markets to foreign players.

With parallels being drawn with the Moroccan market – where property prices have risen threefold over the last 4 years. Tunisia is slowly emerging as the Tortoise to the Hare of the overheated markets of Ireland, Spain and the UK.

With current foreign ownership rules just being relaxed the investor footfall numbers are still small. But it is exactly in that aspect of the cycle where most gains are made.

A number of fundamental signs exist to make Tunisia a key property market for the next few years. One of the areas tipped as making very strong gains is El Kantaoui.

Why El Kantaoui ?

Second presidential Palace currently being built there Superior beaches to Hammamet Better planned layout of town Already popular destination for Tunisians Excellent existing holiday demographic from new Euro states , to mature holiday markets like France, UK. Dubai’s property developer Emaar, building huge development in Hergla, and Capital Tunis. North Africa’s largest airport being built in the area, likely to allow the low cost carriers to exploit Tunisia’s appeal, and increase local tourist numbers significantly. Currently a Turkish contractor is building the airport complex.

Economic, political stability are key in creating the right climate for hot property capital inflows. Tunisia has liberal Islamic values which have allowed them to be seem more European than their Arab neighbours.

Tunisia has been a mature middle holiday market destination since the 60’s, and it’s tourist market is likely to grow from the additional aspect of property owners.

Cheap money has always been a precursor to a booming market. Change is already afoot within the conservative banking sector to offer finance - most likely to come from foreign banks entering the market.

Damac is likely to follow Emaar’s leap into Tunisia, and help develop large themed complexes, which always have a multiplier effect on the local region.

Cheap flights will help put the final piece into the jigsaw, building a picture of a property market that is set to grow significantly now the essential foundation building blocks are in place.

“Tunisia – The Facts” 50 Miles Southwest of Sicily 465 miles North to South, 93 miles East to West Nortern and Eastern coastlines border the Mediterranean Sea 30 C for July and August Average winter temperatures are 20 C 10 Million population French is the business language Arabic is official language Budget airlines to fly into new airport near Port El Kantaoui Local airport Monastir 3 hours from London Average max temperatures: Apr: 23 May:26 June:28 Jul:32 Aug:33 Sept:31 Oct:27