Your number 1 partner when buying property abroad
Situated in the north of Africa on the Mediterranean Sea, Tunisia is roughly the same size as England and Wales, yet it has a population of only 10.3 million people with 40% of the country Sahara desert and the rest rich fertile soil. With over 1,300kms of stunning coastline, not only is it an ideal destination for year round sun, but it is home to intriguing archaeological sites and a rich historical past with the ancient Carthage and capital city of Tunis. The capital sits comfortably somewhere between the ancient and the modern attracting tourists to the colourful souks, museums, ancient ruins, mosques and the exciting cuisine, all this surrounded by the authentic Arabic atmosphere
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Ranked as Africa´s most competitive economy, with low inflation, strong
economic growth and a low cost of living for both residents and visitors,
Tunisia has a booming tourist industry and is attracting high levels of
foreign investment.
Port El Kantaoui, agriculture and the huge craft industries of textile
manufacturing, ceramics, leather and copper boost the local economy, but
the main contributor by far is the revitalised tourism industry, which
has led to a considerable demand for rental properties all year round.
TOP 10 REASONS TO INVEST IN TUNISIA
Tunisia is more prosperous than its neighbours, with strong trade links to Europe and a successful tourism industry, and even though it is the smallest of north Africa´s countries, it is diverse with golden beaches and turquoise seas in the north and action packed safaris in the Sahara desert of the south.
Tunis, the country’s capital, is a cultural Mecca, with the popular mazes of the old Medina area, significantly the Zitouna Mosque, also known as the Great Mosque, which was crafted from the ruins of the Roman Carthage.
Tunisia’s popularity in the tourism industry is ever increasing. This is supported by the fact that tourism numbers increased by 45% in 2007 and a record 7.5 million tourists.
Ranked as Africa´s most competitive economy, inflation within the country has remained below 3% for the past 10 years whilst economic growth has constantly been above 5% for the same period which ensures a low cost of living for both residents and visitors. As an overseas investor you will find the process of buying simple as the Tunisian government is very eager to encourage foreign investment into the country.
From an investment point of view Tunisia is a fantastic place to invest, having the highest home-ownership rate in Africa and is recognised as a middle-income country which has outperformed its African neighbours both in terms of economic growth and political stability. Due to their relative wealth and disposable income, the Tunisian people are able to take frequent holidays in the coastal regions, boosting the demand for the rental markets.
Foreign nationals can purchase property in Tunisia as long as it is within town boundaries, only Tunisians can purchase agricultural land. It is very important to purchase property via a solicitor to ensure that all the local laws and regulations are adhered to. The government are encouraging overseas investment within the property sector, so they are streamlining and simplifying the process.The currency is the Tunisian dinar, but as this cannot be taken in or out of the country, sterling or the US dollar are used via solicitors to purchase property.
Flying time from the UK is only 2-3 hours depending upon location, with 6 international airports to choose from.
A varied Mediterranean climate, with hot summers reaching 40°C and mild winters on the coast with the mountains of the north west occasionally getting snow.
Beautiful beaches, undulating Sahara, mountains covered in cork forest, while the Cap Bon peninsular and central Tunisia are rich in fruit trees, olive groves and vineyards. The people are friendly, the lifestyle is healthy, calm, peaceful and most importantly the cost of living is low.
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