Quote:
Originally Posted by chagour
heyy the only reason why the prices are going so high in tunisia is because theres major development going on in tunisia, if u look at tunisia 10 years ago compared to now big difference now days u can get anything in tunisia u can have in england technology wise and standard of living wise their isnt much poverty the ecomony is increasing so everything has to increase with it, the development in hergla, the new airport in enfida and the new city in ariana its all changing, my dad bought a 3 bed villa on 600 square meter plot for 130.000DT now its worth 300.000DT a 2 bed next door on 2 floors small plot sold for £250.00DT to tunisians living abroad prices are expensive but still cheaper than england
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You cannot compare Tunisia to European countries - the building standard is still on a completely different level, eg. when it comes to electricity or water installations and generally quality work (windows, doors, etc.).
Currently, everbody is building like mad because everyone thinks that the area will be flooded by tourists soon (right now, it is only flooded by Algerians in July/August) and in my opinion, with the new appartments coming on the market every year, the prices will start to peak this year, first in the areas where the beach is far away (er riadh), then in traditonal areas (Khezama west, sahloul) and in a maximum of 2 years, the prices will start to fall in the beach areas (Hammam-Sousse East, Tantana) as well. First they will fall for totally substandard houses, but as soon as there will be the first foreclosures (a lot of the houses are built with credit), it will affect middle standard houses as well.
I would NOT recommend to buy in this moment houses for any price and calculate a good profit by appreciation in the Sousse-Hergla area - this MIGHT work, but only for certain objects and first class locations, and for these objects, there are Tunisian real etstate companies spiking the ball already.
Alternatives are in Monastir and south along the beach from there, the prices are much lower and there is no investment madness to be expected for the next years (which also brings always the problem of multiple houses being built at any time, the view and landscape being spolied, etc.). If away from the beach, consider places like Kalaa Sghira or Sahloul or Akouda.