They said the same thing about the uk
get over 8 percent back from rent good investment
get less than 5 percent an its bubble prices because you can get more than that in the bank.
there is a famous expression buy into speculation and sell on fact which is what people seem to be doing.
Ask my Aunt in California fantastic place lovely weather good jobs but her whole street is being forclosed good people all of them they just did one thing they borrowed the most they phisically could which is human nature.
I do not expect prices to drop much either I just do not expect them to go up much more as considering the foriegners will be having less money and the scale of new projectswill hopefully improve the biggest issue which is lack of supply of quality developments.
And another note tunisians enjoy a low cost of living and it is important that this money is used in business and not just used to bid up house prices and paper profits as many young boys/girls are loosing sight of the ladder its ok for me as I am a rich moaner, but when you genuinely cannot afford to rent or buy its a problem. Eg half decent job bizerte 500 dinars (university grad) or so cheapest half decent flat 250 dinars also this may build some intergenerational animosity as seemingly the only people with money are those who are old and got the land for next to nothing, and the heirs of such people when all this is sold the HPI dividend would have been spent.
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