Tunisia, North Africa’s smallest nation, may not be so much under attention as Morocco and Egypt in the current property press, but it is about to make a big impact.

Property prices are as low as Morocco was five years ago and an advantage is that unlike destinations like Brazil and other distant investment hotspots, Tunisia is close enough and a good investment too. It is only three hourse flight from London.

Tunisia is just south of Italy’s Sardinia and it has unbelievably 1,400km of Mediterranean coastline. The sandy beaches host an infrastructure of hotels, international airports, boutiques and marinas.

As tourism becomes more important, leisure facilities are showing up at a significant rate, particularly around the resorts of Hammamet and Monastir. Tunisia now boasts six golf courses, international diving centres and many yachting clubs.

Further golf courses and marinas are to come together with world-class sporting academies, Olympic grade facilities, business and leisure hubs and more residential units and hotel beds. With such a broad offer it is rare that it is not seen as a property investment hotspot. Why? Currently, the Government prevented foreigners from owning Tunisian property if the national home ownership was below 80 percent, which isa figure even higher than in the UK. This was to stop foreigners pricing the Tunisians out of their own market.

Now this has been achieved some nationalities are welcome to purchase the benefit is that the affluent home-owning Tunisians have now an exit strategy. Similarly, with the purchasing power to take regular holidays within their own country, Tunisians, plus neighbouring Algerians, will also boost rental occupancy.

This entry was posted on Friday, July 31st, 2009 at 15:58 and is filed under Tunisia. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.