Tunisia is a country in North Africa that was under French colonial rule until 1956. Despite the fact that Arabic is the official language, many Tunisians also speak French. The standard of living in the country is quite low, and the development of the economy is significantly influenced by investments of foreign citizens in resort real estate.
Tourism is generally the main source of income for the country. And there are good reasons for this. Beautiful beaches, the Mediterranean Sea, towns with narrow streets, a variety of natural landscapes - all this attracts tourists from all over the world.
According to Tunisian law, foreign citizens have the right to purchase any real estate except land intended for agricultural work. Therefore, before starting the purchase procedure, it is necessary to consult a lawyer or real estate agent who can help determine whether the land is intended for agricultural use. However, the paperwork authorizing the purchase can take from 3 months to six months. Moreover, approval of documents by the governor becomes possible only after approval by the municipal council.
A potential buyer will have to pay the notary's fees for preparing the real estate file, and for this an account in one of Tunisia's banks is required. It is best to entrust all the above procedures to a real estate agency, which can be state-owned or private. True, in this case you will need knowledge of French or at least English.
When a foreign citizen purchases land intended for construction, they receive a temporary certificate of ownership. Whereas Tunisian citizens receive a certificate granting them the right to perpetual ownership.
Nevertheless, Tunisian real estate enjoys growing demand among foreign citizens who purchase holiday homes in the most favorable areas. Moreover, small one-room apartments are not built in this country; an apartment has at least three rooms – a bedroom, a living room, and a kitchen. It is considered optimal to purchase a house or villa on the coast. In resort areas, a small house can cost from 120 thousand dinars, and it can be rented out for 250 dinars per month.
The article was prepared using materials from the website http://imi.com.ua/
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