Written By: Jacquelyn Annete García Vadnais
There has been a great deal of interest in investing in real estate in the historically rich, and strategically located region of Tunis, Tunisia. Recent political changes in Tunisia have further increased investment interest. For real estate investors that are looking to invest in a market that is beginning to prosper, it is wise to consider investing in real estate in Tunis, Tunisia. In order to learn whether Tunis is the ideal place to for you to invest, please review the information below:
History of Tunisia
Tunisia has a very ancient, and diverse history, which accounts for its unique culture today. Carthage, one of the great and world renowned ancient cities, was said to have been established by Dido in the 9th century B.C. According to legend, Dido was a Grecian Princess from Tyre. Due in large part to its’ strategic location, Carthage grew into a very successful city throughout the Mediterranean as a leading force of trade, wealth, and political power. Over a succession of battles, the Romans ended up conquered Carthage. They were eventually overcome by the Islamic Empires in the 7th Century A.D. Tunisia was ruled by various Islamic dynasties until the French came into power in the colonial era in the late 19th century. Tunisia’s culture has historically been known to be highly diverse, as significant populations of Christians, and Jews have lived among the majority Muslim communities for centuries. Modern day Tunis reflects this history, as ancient souks, and mosques blend into a variety of other architectural styles dating from antiquity to modern day.
Important Benefits of Investing in Real Estate in Tunis, Tunisia
There are many benefits to investing in real estate in Tunis. Below is a list of benefits for prospective real estate investors to consider:
Prosperous Tourism Industry
Tunisia is becoming more and more popular for tourism despite some history of security issues. In fact, in 2017 tourism numbers reached 7.1 million visitors. These numbers are excellent for investors that are looking to own property that they can rent for vacation rentals.
High Prices on Real Estate Encourage Rentals
Analysis shows that the rental market Tunisia is heating up. Primarily many local citizens, but also expats prefer to rent due to the comparatively high cost to purchase in this market. This means that for individuals that are able to afford purchasing a home, there is a good market for having rental tenants and having income from those rental tenants.
Rising Interest Rates
Rising interest rates has lead to a construction slow down. This means that for those that own real estate, they are likely to be able to rent their properties at a higher rate. In other words, there is space in the market for foreign investors to invest, and as Tunisia’s market continues to stabilize in the wake of recovering economic conditions and political stability, these investors are likely to see higher yield over time.
Low Land Prices
For investors looking for a lower buy in, land prices in Tunis are slowing. Land prices fell 3.07% during 2018. These low prices may last for some time but will likely increase in the future. Investors looking for long-term gains will have a great deal to benefit from by considering investing in land in Tunis while prices are lower than they will be in the future.
Fascinating Mixture of Cultures
Tunisia has been ruled by many different cultures throughout its history. The influence of the Greeks, Romans, Arabs, and French have left a fascinating imprint on the local culture in Tunis. There are many incredible archaeological sites to see. In addition, there are fantastic foods to enjoy while spending time in Tunis.
Affordable Cost of Living
The cost of living in Tunis is very affordable compared to many parts of the world. For example, Tunis costs $1,209 USD per month without rent for a family of four. This is 71.64% less expensive than New York City. When calculating the cost of real estate related to the low cost of living, it is possible to live a very high quality of life in Tunis for far less capital than other parts of the world.
Potential Political Pitfalls to Consider
Even though Tunisia has come a long way in recent years, the market is still having repercussions from political instability. Tourism is still recovering; however, the real estate market in terms of being stable for investors is another hurdle for Tunisia to climb in order to attract more foreign direct investment. As the conditions continue to improve in Tunisia, it is highly likely that more real estate investment will occur.
Final Remarks
Tunis is absolutely a market to watch in the coming years. Since the political conditions have started to improve, tourism has started to surge both in Tunis and all over Tunisia. In addition to tourism, the overall economic conditions of Tunisia have continued to improve as the economy has begun to stabilize. The unique culture and adventure that Tunisia has to offer attracts travelers from all over the world along with adventurous expats looking for rewarding experiences. Even though the real estate market is still developing, there is one potential strong root for success and that is the comparatively low cost of real estate for foreign investors combined with growing opportunity to rent to locals, tourists, and expats. As Tunisia’s economy grows, there will be a demand for purchasing properties, which will favor real estate investors who have invested now, to flip their properties for a profit in the future. For real estate investors that are looking for a comparatively economical investment opportunity situated on the Mediterranean Sea, with steady gains projected for the long-term, Tunis is a locale to consider.
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Jacquelyn Annete Garcia Vadnais is an Investment Consultant and field expert blogger for Barracuda Consulting.
Jacquelyn has a JD/ MBA from Suffolk University, an LL.M in International Law from the University of Miami, and a B.A. from the George Washington University in International Affairs with a Concentration in International Politics. Jacquelyn speaks English, Spanish, French, and Portuguese and has lived in ten countries. Jacquelyn has done work for firms such as Boston Consulting Group and has worked with firms based in over ten countries in the fields of Real Estate, International Law, Expat Living, International Business, Forex Trading, and Travel. She has also volunteered her time and expertise at the Victims Rights Law Center based in Boston, MA.
Please leave your comments below. If you would like to subscribe to our newsletter, click here: https://tinyletter.com/barracuda-consulting. To purchase a full real estate report, or to access a complete suite of investment advisory services please contact us: https://www.barracuda-consulting.net/contact.
There has been a great deal of interest in investing in real estate in the historically rich, and strategically located region of Tunis, Tunisia. Recent political changes in Tunisia have further increased investment interest. For real estate investors that are looking to invest in a market that is beginning to prosper, it is wise to consider investing in real estate in Tunis, Tunisia. In order to learn whether Tunis is the ideal place to for you to invest, please review the information below:
History of Tunisia
Tunisia has a very ancient, and diverse history, which accounts for its unique culture today. Carthage, one of the great and world renowned ancient cities, was said to have been established by Dido in the 9th century B.C. According to legend, Dido was a Grecian Princess from Tyre. Due in large part to its’ strategic location, Carthage grew into a very successful city throughout the Mediterranean as a leading force of trade, wealth, and political power. Over a succession of battles, the Romans ended up conquered Carthage. They were eventually overcome by the Islamic Empires in the 7th Century A.D. Tunisia was ruled by various Islamic dynasties until the French came into power in the colonial era in the late 19th century. Tunisia’s culture has historically been known to be highly diverse, as significant populations of Christians, and Jews have lived among the majority Muslim communities for centuries. Modern day Tunis reflects this history, as ancient souks, and mosques blend into a variety of other architectural styles dating from antiquity to modern day.
Important Benefits of Investing in Real Estate in Tunis, Tunisia
There are many benefits to investing in real estate in Tunis. Below is a list of benefits for prospective real estate investors to consider:
Prosperous Tourism Industry
Tunisia is becoming more and more popular for tourism despite some history of security issues. In fact, in 2017 tourism numbers reached 7.1 million visitors. These numbers are excellent for investors that are looking to own property that they can rent for vacation rentals.
High Prices on Real Estate Encourage Rentals
Analysis shows that the rental market Tunisia is heating up. Primarily many local citizens, but also expats prefer to rent due to the comparatively high cost to purchase in this market. This means that for individuals that are able to afford purchasing a home, there is a good market for having rental tenants and having income from those rental tenants.
Rising Interest Rates
Rising interest rates has lead to a construction slow down. This means that for those that own real estate, they are likely to be able to rent their properties at a higher rate. In other words, there is space in the market for foreign investors to invest, and as Tunisia’s market continues to stabilize in the wake of recovering economic conditions and political stability, these investors are likely to see higher yield over time.
Low Land Prices
For investors looking for a lower buy in, land prices in Tunis are slowing. Land prices fell 3.07% during 2018. These low prices may last for some time but will likely increase in the future. Investors looking for long-term gains will have a great deal to benefit from by considering investing in land in Tunis while prices are lower than they will be in the future.
Fascinating Mixture of Cultures
Tunisia has been ruled by many different cultures throughout its history. The influence of the Greeks, Romans, Arabs, and French have left a fascinating imprint on the local culture in Tunis. There are many incredible archaeological sites to see. In addition, there are fantastic foods to enjoy while spending time in Tunis.
Affordable Cost of Living
The cost of living in Tunis is very affordable compared to many parts of the world. For example, Tunis costs $1,209 USD per month without rent for a family of four. This is 71.64% less expensive than New York City. When calculating the cost of real estate related to the low cost of living, it is possible to live a very high quality of life in Tunis for far less capital than other parts of the world.
Potential Political Pitfalls to Consider
Even though Tunisia has come a long way in recent years, the market is still having repercussions from political instability. Tourism is still recovering; however, the real estate market in terms of being stable for investors is another hurdle for Tunisia to climb in order to attract more foreign direct investment. As the conditions continue to improve in Tunisia, it is highly likely that more real estate investment will occur.
Final Remarks
Tunis is absolutely a market to watch in the coming years. Since the political conditions have started to improve, tourism has started to surge both in Tunis and all over Tunisia. In addition to tourism, the overall economic conditions of Tunisia have continued to improve as the economy has begun to stabilize. The unique culture and adventure that Tunisia has to offer attracts travelers from all over the world along with adventurous expats looking for rewarding experiences. Even though the real estate market is still developing, there is one potential strong root for success and that is the comparatively low cost of real estate for foreign investors combined with growing opportunity to rent to locals, tourists, and expats. As Tunisia’s economy grows, there will be a demand for purchasing properties, which will favor real estate investors who have invested now, to flip their properties for a profit in the future. For real estate investors that are looking for a comparatively economical investment opportunity situated on the Mediterranean Sea, with steady gains projected for the long-term, Tunis is a locale to consider.
--
Jacquelyn Annete Garcia Vadnais is an Investment Consultant and field expert blogger for Barracuda Consulting.
Jacquelyn has a JD/ MBA from Suffolk University, an LL.M in International Law from the University of Miami, and a B.A. from the George Washington University in International Affairs with a Concentration in International Politics. Jacquelyn speaks English, Spanish, French, and Portuguese and has lived in ten countries. Jacquelyn has done work for firms such as Boston Consulting Group and has worked with firms based in over ten countries in the fields of Real Estate, International Law, Expat Living, International Business, Forex Trading, and Travel. She has also volunteered her time and expertise at the Victims Rights Law Center based in Boston, MA.
Please leave your comments below. If you would like to subscribe to our newsletter, click here: https://tinyletter.com/barracuda-consulting. To purchase a full real estate report, or to access a complete suite of investment advisory services please contact us: https://www.barracuda-consulting.net/contact.
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