Tunisia Investment: Economy
Potential investors in Tunisia will be impressed by the country's recent economic growth, which in 2007 was 6.3%, the highest in a decade. It is predicted that strong economic growth will continue thanks to a successful trade liberalization policy, which resulted in a Free Trade Agreement with the EU in 2008. Also attractive to those considering Tunisia property investment is the low inflation level (3.1% in 2007) and falling unemployment. These healthy figures are expected to continue thanks to the high influx of foreign investment and the diversification of the Tunisian manufacturing sector. Such positive economic growth is good news is for those interested in possible property investment in Tunisia.
Tunisia Investment: Tourist Industry
The tourist industry is an important consideration for potential investors in Tunisia and the country is performing well in this sector too. 2.6 million tourists visited Tunisia in the first half of 2008, up nearly 5% on the same period of 2007. Travel and tourism account for 17.7% of Tunisia's GDP, an impressive figure that is expected to increase steadily over the next decade. In 2008, the New York Times voted the Tunisia the 3rd most beautiful place in the world, while Trip Advisor rated the island of Jerba as the best place in the world to visit.
Tunisia's main advantage is its position as the gateway to Europe, Africa and the Middle East, attracting visitors from all over the world, particularly now that Tunisia's own low-cost airline operates flights from several Tunisian airports to strategic destinations. All these factors mean that tourist figures will continue to grow - great news for the property investor in Tunisia.
Tunisia Investment: Property Market
Tunisia's property market is small, partly because foreigners have only been able to buy property in Tunisia since 2005, but it is growing fast. Tunisia's low property prices, beautiful Mediterranean coastline and ‘European feel' means property investment in Tunisia has enormous potential thanks to the attention of global property investors.
North Africa has been called the "next Spain" and UAE investors have already seen Tunisia's promise and are currently involved in several large projects in the country - the potential for property investment in Tunisia is obvious.
Get the full Tunisia Property and Land Investment Guide.
