Why Invest?
Tunisia, jewel of the Mediterranean is a small North African country in
the heart of the Mediterranean Sea with Algeria lying to its west and
Libya to the southeast. It is a hot favorite of the holidaying
Europeans who flock here in large numbers especially in the summers.
The golden sand dunes of the Sahara desert, sparkling deep blue water
of the Mediterranean Sea, ancient ruins of Carthage and the stunning
beaches of Tunisia make visit to this land a worthwhile experience. In
spite of its small size it has a rich and varied landscape from the
Sahara desert to the Atlas Mountains.
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Market Report
Tunisia property market is emerging on the forefront all set to make an impact in the real estate business. As foreign ownership of residential property in Tunisia was allowed
only in 2006, the property market is ripe for investments and
profitable returns. The low prices of real estate, along with a thriving tourist industry and major investments from key developers of Middle East are all factors that paint a healthy picture for Tunisian real estate market.
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Economic Overview
Tunisian is a prosperous nation with a diverse economy that has left its neightbours far behind in terms of economic competition setting an example for other African and Middle Eastern countries to follow.
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Visa/Residency Issues
Foreigners visiting Tunisia require a passport that is valid for 3 months and the evidence of a return ticket. British, Canadian, Japanese, Australian, USA and nationals of other EU countries do not require visas for stays of up to three months but passports valid for six months after return date are required. Citizens of US also do not require a visa for visit till 4 months. A visit longer than that would require a visa in Tunisia. As for Australians and South Africans, who require a Tunisian visa can get it on arrival. For applications and enquiries about Visas or Residency issues in Tunisia, the local Tunisian Embassy, Consulate or High Commission can be contacted.
Short stay visa in Tunisia is for a period of 3 months, while a Tunisian transit visa is valid for three days. Tunisia visas are of two types depending on the nature of the visit it can be either Tourist Visa or Business visa.
Tourist visa requires a valid passport with 6 months of validity at least, an application form filled and signed, copy of Green card or any registration card, passport size photograph along with a copy of air ticket showing the roundtrip transportation.
For business visa in Tunisia along with the above mentioned requirements a letter explaining the purpose of visit and enough finances to support the visit has to be shown.
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Getting to Tunisia
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Fees & Taxes
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Tunisia |
 |
Basic Information
| Population |
10,486,339 (July 2009 est.) |
| Languages |
Arabic (official and one of the languages of commerce), French (commerce) |
| Area |
163,610 sq km
|
| Currency |
Tunisian dinar (TD)
|
| Dialing Code |
216
|
| Emergency Services |
197 police, 198 firefighters, 190 emergency |
Tunisia Overview
Tunisia is a liberal, Islamic country where ancient civilization blending with European influences along with the exotic touch of the Arabic cultures lends it a unique appeal. Tunisia is a small country but emerging as one of the greatest Mediterranean destinations. The stunning beauty of the coastlines, golden sands dunes of the Sahara Desert, the mystique of the historic sites and the fascinating old cities add to its charm and charisma. The terrific landscape offers a lot to explore and enjoy. Tunisia has plethora of activities and attractions with world class facilities that ensure a memorable visit to this land.
Average Property Prices
Real estate in Tunisia is quite cheap as compare to Italy, Spain, Greece and Morocco.The capital city of Tunis is quite popular. The prices of houses in the northern suburbs are high while in the southern suburbs the prices are lowest in the capital .
Northern suburbs of Tunis: House prices range from TND1,250 (€693) per sq. m. to TND1,700 (€943) per sq. m.
Southern suburbs of Tunis: House prices range from TND450 (€250) per sq. m. to TND550 (€305) per sq. m.
Tunis Ennasr has an average house price of TND1,000 (€555) per sq. m.
Tunis Ain Zaghouan: House prices range from TND750 (€416) per sq. m. to TND850 (€471) per sq. m.
Hammamet: Residential units cost TND1,200 (€669) to TND1,700 (€943) per sq. m.
Villas in Hammamet range from TND278,323 (€155,120) to TND667,974 (€372,288).
Sousse: House prices here range from TND1,100 (€613) per sq. m. to TND1,400 (€781) per sq. m.
Villas in Sousse cost TND155,861 (€86,867) up.
Sidi Bou Said: A one-bedroom house costs an average of TND45,000 (€25,090).
Beni Khiar: The price of a small villa in the area starts at TND70,000 (€39,029).
Hergla: Beach apartments in the town are sold at TND45,000 (€25,090).
Monastir: Houses are priced from TND800 (€444) per sq. m. to TND1,000 (€558) per sq. m.
Djerba: Houses are priced at TND900 (€502) per sq. m. to TND1,100 (€610) per sq. m.
Sfax: House price range from TND650 (€360) per sq. m. to TND750 (€416) per sq. m.
Buying Process
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For property purchase in Tunisia a lawyer or an agent must be hired
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After selecting a property in Tunisia, an application for authorization to buy the property is sent to the governor of the region along with complete paperwork
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The buyer of property in Tunisia requires a currency convertible account with a Tunisian bank
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After the preliminary contract a deposit between 10-30% of the sale
price is paid.
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