Property buying in Tunisia

Hello to everyone.

I am loooking for advice on buying property in Tunisia for moving to. Any people from the UK done this? I am finding the internet not much use for this information and I can only assume that it would be a matter of visits to sort things out

RE: Property buying in Tunisia

Thanks for the reply.

I am due to visit/holiday in Tunisia in just over a weeks time. Hopefully I will be able to find more information regarding buying property there

RE: Property buying in Tunisia

I’ve researching this topic with the help of people from other sites relating to buying a property and the options are:

Buying:

Ø Buy land and build property

Ø Buy from a private person

Ø Buy from Property Developers / Real Estate Company : SNIT and SPROLS (don’t know what these abbreviations stand for – still trying to find out)

I have been advised that it can take up to about 5 weeks if the property is executed in the name of the Tunisian husband/wife, I guess depending if the whole process goes smoothly! If buying independently (foreigner) I’ve heard that it can take a very long time, a friend whose father is in the process of buying a property said it took nearly 3 years to sort of the paper work, doing all the checks etc. I don’t know the circumstances of this and if this was particularly unusual.

A foreigner can’t buy property before having an authorization/permission from the governor of the state 'gouvernorat' (local authority) which is were the delay lies.

When buying property/land I guess from a private person, it’s wise to check all the paperwork thoroughly to ensure that you actually own the Deeds and there aren’t any disputes relating to the property (free from dispute etc). Another thing that came to my attention from another site which may have been something that was happening a long time ago is when the couple divorce or partner passed away “the foreign lady got kicked out of the house by the relatives of the husbandâ€â€¦.)


Finances
Ø Housing Loan

Ø Banque d’habitat (Housing Bank)

Loans can be obtained from the above, not sure if loans can be obtained by non-locals. I’m still in the process of finding out more about the different loans/housing bank and down payment deposit, and whether it would be easier to get a loan there or here in the UK. I think it will probably be the former. I also want to find out whether theses loans are fixed or flexible, in other words is it possible to pay off a loan before the agreed time and the possible penalties. Also life insurance policies.

I would also like to find out about surveyor reports and things like that.

Once all this information is clear I’d be in a good position to know what I’m doing. We will be planning a number of visits to look at different and best areas to purchase a house.


It has been mentioned to me that in the Autumn/Winter, Hammamet and Yasmine Hammamet is like a ghost town, is this true. I thought it was full of tourist/visitors all year round? Any knowledge on this would be appreciated.

I have found that there isn’t a lot of information on the net, it’s a matter of joining discussion boards and asking questions from people who have much more knowledge.

To those people visiting Tunisia soon, please would you post any updates on the current property markets.

Thank you.


[/align]

Also, attaching some useful information about Hammamet. Does anyone know anything about the Hammamet Real-Estate Association? Can’t find anything on the net.


[link=http://www.global-financial-guide.de/calculate-real-estate.php?city=Hammamet]http://www.global-financial-guide.de/calculate-real-estate.php?city=Hammamet[/link]

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don’t count

RE: Property buying in Tunisia



FOR THE HIGH END OF THE MARKET
[link=http://www.viviun.com/search/handle?viviun_q=tunisia]http://www.viviun.com/search/handle?viviun_q=tunisia[/link][/align][/align]APARTMENTS IN PEK [/align][/align][link=http://www.bhammouda-kantaoui.com/]http://www.bhammouda-kantaoui.com/[/link][/align][/align]Don't know if these sites are Kosher! [/align][/align]Thanks for information, all of it very useful. I look forward to reading the information in September. Particularly interested in traditional properties(I think) with modern features, area/location TBC.[/align][/align][/align][/align]

RE: Property buying in Tunisia

Some site that someone passed on to me

[link=http://www.bab-el-web.com/]www.bab-el-web.com[/link]

[link=http://www.bourseimmo.com.tn/]www.bourseimmo.com.tn[/link]

[link=http://www.logement.com.tn/]www.logement.com.tn[/link]

[link=http://www.winoo.com/]www.winoo.com[/link]

Its been mentioned that Bab el web and Winoo are good for classified ads and the other two are developers.

RE: Property buying in Tunisia

[link=http://www.placeinthesun.co.uk/?p=105]Top Ten Pitfalls When Buying Property Abroad [/link]
Saturday June 10th 2006, 2:59 pm
Consumer group, Which?, has published a new book called Buying Property Abroad to help you buy a place in the sun without suffering legal and financial nightmares.
“The TV shows that have helped fuel our obsession with overseas property make buying abroad look easy,†says author of the book, Jeremy Davies. “But in reality finding, purchasing and owning overseas can be a time-consuming business, and turning a foreign property into a successful investment can be even more of a struggle.â€
The book aims to guide you through the legal, financial and practical aspects of living abroad whether you’re planning on fulfilling a long-held dream or making a hard-headed investment decision. It clearly explains how the buying process differs from the UK, covering contracts, searches, surveys and deeds. Mortgages, currency deals, taxes, fees and duties are also covered.
“Get all this right and you could have a wonderful new asset which gives you and your family enormous enjoyment over the years, and greater wealth in the long run. Get it wrong and you could be risking a good chunk of your future security on a pipe dream.â€
Here’s Which?’s Top Ten Pitfalls When Buying Property Abroad

1. Overstretching your finances
It’s easy to feel left out if you don’t have a fabulous second home somewhere. But don’t jump on the bandwagon unless you’re sure why youre doing it, and that you can afford it - especially if you’re securing it against your UK home.

2. Buying sight unseen
If you buy an overseas property without ever having seen it - and surprising numbers of people do - you’ve only got yourself to blame if it ends up being a disaster.
3. Buying without a lawyer
Lawyers may seem to make the process complicated, but the work they do is vital to protect your best interests - for example telling you whether the seller has the legal right to sell. Pay extra for one who speaks good English and is qualified in UK and foreign law.
4. Failing to check credentials
Is the seller really the property owner? Is your estate agent really a qualified agent, and are they bonded to hold a deposit on your behalf? What guarantees are there if the developer goes bust?
5. Putting down the deposit too early
Don’t assume that your deposit is returnable, even if it is described as a ‘reservation’ deposit. In most countries paying a deposit commits you to the purchase, so don’t hand over any money - even to a third party - unless you are sure you want to buy.
6. Choosing on the basis of price
It may be tempting to buy a property for the price of a second hand car, but perhaps the reason it’s so cheap is that nobody else wants it.
7. Ignoring the ongoing costs
Even if you hardly use it, keeping an overseas property ticking over costs money. Insurance, maintenance, property management fees, service charges and taxes all add up, so work all this out in advance.
8. Relying on budget airlines
Cheap flights have opened up huge tracts of Europe to property hunters, but don’t assume they will always be there. Ask yourself what would happen to your tourist rentals if routes to the little local airport disappeared.

9. Doing things on the cheap
If you want to avoid creating a white elephant, don’t cut corners when renovating. If you can’t afford the architects, surveyors and craftspeople to bring out your property’s potential, look for a different one.
10. Forgetting your heirs
If you want control over how your overseas property is dealt with on your death - and thus avoid the restrictive inheritance rules in place in many foreign countries - you need to make a will. You may even need to make two - one here, and one there.
[link=http://www.amazon.co.uk/exec/obidos/ASIN/0852029705/barnsetc-21][colo

Yes .i Owen a property in tunisia & Going for other one. AM tunisian & find hard on my first time.to know. All the document to be present to you & all other departemen to go to All documrent need to be Sing't &photo copy them.it's so bad .you will get to know somone how will try to help you, to have somone how live there it's a great help GOOD LOCK

what's india?

hi Roulla !!
you are absolutely sweet..and to the point !!
John

Tunisia Tunisia Tunisia Tunisia Tunisia
John

we love Tunisia good message eh ?

Could use this !