Tunisia Property Recommended for Investment

The International Monetary Fund said Monday 27 July that Tunisia's economy is to grow by 3% this year, following growth of 4.8% last year. The forecast is not a new one however, as it is the standing forecast that has been posted on the IMF website for several months now.

The African Bank for Reconstruction and Development has also posted a forecast of strong economic growth for Tunisia this year, though they put the figure at over 4%.

Tunisia's economic growth is mainly based on bumper crops because of near perfect weather conditions in the last 12-15 months, were it not for the international downturn, Tunisian exports would have almost certainly increased this year, and with them the amount Tunisia's economy would have grown by.

In recent years the construction sector has also been growing, and this is also expected to post moderate growth for this year.

This potential for economic growth makes Tunisia easy to recommend to overseas property investors, as does the fact that over 75% of the population own their own home -- the government kept foreigners out until this was the case.

From an overseas investors' perspective, we are looking only at new off plan developments, most of which are the ultimate in 5 star luxury. And you wouldn't believe the price: £20,000 will buy you an apartment in a resort style development complete with a pool and all the trimmings. Such a property will easily be worth 4 times that in 10 years time, and probably a whole lot more.