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Tunisia - The new emerging market of North Africa

Tunisia is the latest emerging market in North Africa, and looks set to eclipse its near neighbours Morocco and Egypt with its combination of magnificant wide white sandy Mediterranean beaches and its deep cultural roots. Home to the ancient city of Carthage, Tunisia was a key componant of the ancient societies which have shaped modern society in so many ways.

Modern day cities including Tunis and Sousse combine the appeal of ancient medinas with modern ammeneties and attractions.

 

Tunisia is widely accepted as the most attractive property investment destination in North Africa, and possibly the World, at the moment. With a superb temperate climate, giving warm weather through most of the year, it is ideal as a holiday destination. Additionally however an annual economic growth rate in excess of 5% means that there is also a growing, and unsatisfied, demand for good quality residential accommodation.

Established tourist destinations in Hammamet and Sousse currently dominate the holiday market in Tunisia. Both these destinations are dominated by the hotel market and there is currently a limited supply of residential touristic accomodation. There is also a limited supply of good quality residential accomodation for the growing middle managerial class.

Properties which satisfy these demands are only now being brought to market.

Spacious apartments selling for under £750 per square meter on the outskirts of Sousse offer amazing value, and properties will soon be available within emerging tourist areas such as Hergla and Kelibia.

6.5 million tourists visited Tunisia in 2006, with the majorityfrom Northern Europe. They came to take advantage of the beutiful wide sandy beaches, the calm and warm Mediterranean Sea, and the temperatures which average in the 30's during summer, and still register in the 20's during the winter.

Currently Tunisia is negotiating with Europe to extend the existing Free Trade agreement to services, including air transport. They have already given licences to some French airlines, and Ryan Air, for double touch downs, and are in negotiation with Easy Jet.

 

 


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Hergla Shop
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