Tunisia Property: High Quality + Low Prices = Solid Investment

Tunisia property is an excellent investment, according to overseas property specialists Azure Overseas. Frank Crowley, Azure managing director said:

"Tunisia is a very unique market, foreign investors were not allowed to buy in the country until 2006, because the government wanted to avoid Tunisian citizens being priced out of the market, and only opened the market up to foreigners when a high percentage owned their homes. This means that the Tunisian economy was in good shape when the market opened up to foreign investors. Since then several multi-billion pound developments have began construction and some of the Middle East's biggest developers are building developments in the country.

"In fact it has followed the model of Dubai, with celebrity golfers having signature courses within big developments, alongside massive marina complexes etc, as we have seen with so many other emerging markets around the world. One difference is the low prices of Tunisia property; Dubai luxury and acclaim but at Bulgarian prices. Make no mistake, Tunisia property will grow in value rapidly -- if not before -- when the global economy recovers. Off plan properties in Tunisia will be worth at least double what they are now in no more than 5 years, not to mention the 25-50% immediate growth upon completion of the development."

Azure Overseas are currently marketing one of the finest properties in Tunisia, finest in the quality of the construction, finest in the luxury of the apartments, finest in just how low the prices are and therefore finest in the investment potential it has.

The Dunes Golf & Spa Resort on Tunisia's exclusive Gold Coast offers luxury studio apartments from just £19,000. The beach-front development is conveniently situated between two of Tunisia's busiest airports, making it easily accessible and if well-marketed capable of earning 8-10% rental yields, based on the fact the Tunisia attracts an average of 5million visitors per year. Facilities on the Dunes Golf & Spa Resort, include: a 36 hole golf-course, marina, and restaurants. The resort also offers on-site world class Thalasso Spa facilities including Turkish baths, saunas, gymnasiums and beauty treatment rooms with discounts for residents.

Apartments on a development of this magnitude, where the quality is so high and the prices are so low, are expected to be worth between 25 and 50% more as soon as the development is completed, and will continue to grow rapidly over the next few years -- even if growth is slow until the global economy recovers. Such a studio apartment could easily be worth £80,000 in 5-7 years; some 200% return on investment.

By Azure Overseas - 2009-02-11 21:51:12

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Filed under: Overseas Property, Emerging Markets

Tagged: Overseas property | Tunisia property | property investment |

About the Author: Azure Overseas

About Azure Overseas

Azure Overseas is a member of the National Association of Estate Agents (Overseas) and adheres to the highest standards of customer care and stringent market research/due-diligence.

Contact Liam Bailey at Write About Property to find out more.

 
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