Freehold purchases opened up to foreigners in Tunisia
Freehold purchases opened up to foreigners in Tunisia
Tunisia has passed legislation allowing foreigners to purchase the freehold of some residential properties. The move is expected to stimulate Tunisia's second-home market.
Until the legislation allowing non-nationals to buy the freehold of certain properties was passed,
Tunisia was lagging behind countries such as
Morocco and
Egypt in the
second home stakes, according to The Mail on Sunday. The paper explains the benefits of
overseas property investment in Tunisia.
Five new golf courses are being constructed in Tunisia, which the country hopes will attract
property investors. The courses are expected to be completed in the next five years.
Property prices in Tunisia are reportedly low; apartments just 150m from the sea at the Port El Kantaoui cost from £20,000.
Property investors can reach Tunisia by plane in just two and a half hours and Tunisian authorities are said to be in talks with
low-cost airlines such as Ryanair.
Tunisia is rich in natural beauty; the Atlas Mountains divide the country in two, lush grasslands contrast with desert, and 800 miles of coastline and pristine beaches add to the variety.
This story was brought to you by holiday
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