Latest News
North Africa's newest property hotspot?
Located between Algeria and Libya, Tunisia is starting to emerge as a property destination with an interesting future.
The North African nation is increasingly becoming an economically-strong and politically stable country, and is set to follow the lead of Egypt and Morocco in targeting overseas property buyers.
Tunisia will soon be open to foreign investors following a change to existing government legislation, and the key property opportunities are expected to be found on the country's Mediterranean coastline.
Boasting over 1,100 kilometres of Mediterranean coastline with an already well established tourism market, Steve Worboys of Experience International certainly believes this is where Tunisia's best property opportunities will be initially. "There's strong and increasing demand for straightforward summer holiday accommodation in the most popular resorts such as exclusive Port El Kantaoui on Tunisia's Gold Coast, and this is attracting investor commitment, but what's more, the government is now actively working on the development of alternative types of tourism in Tunisia which further opens up investment potential," he says.
The Dunes at El Kantaoui is a beachside development situated within reach of two main airports that offer direct and inexpensive flights to major European cities. Property prices in this development start from £20,000.
A further plus point for Tunisia is that the country is regarded as having one of the most competitive economies in Africa, with GDP growth in excess of 6 per cent in 2007.
With this in mind, Egypt, Morocco and Cape Verde may not be the only nations African-bound investors may wish to consider in the future.
Read the latest World Property Bulletin FREE
For more information visit:
www.experience-international.com
Article first published 28 August 2008


