Country Guides > Tunisia > TunisiaTunisiaWhy invest in Tunisia Strong Economy: in 2007 the World Economic Form ranked the country as the No.1 most competitive African economy (29th in the world) with also the highest ranking out of all the countries in the Arab speaking world. Inflation within the country has remained below 3% for the past 10 years whilst economic growth has consistently been above 5% for the same period. In 1996 Tunisia entered into an 'Association Agreement' with the EU which removes tariff and other trade barriers on most goods by 2008. Tunisia has had to work extra hard to develop its industry and economy to the level it is at today. Unlike its larger neighbours, Libya and Algeria, Tunisia produces very little oil and so the country has had to develop and excel in other industries such as tourism manufacturing and agriculture.
Why invest now? The Tunisian Government wanted to ensure that the Tunisian population wouldn't be outpriced out of their home market, much like Morocco in recent years, so foreigners were prevented from purchasing in Tunisia for a considerable length of time and nationals of some countries are still unable to buy there. Once the local home ownership figure neared 80%, where it stands today, they introduced an approval system whereby each foreigner would require approval from the Governor of the region before being entitled to buy. This permission still stands today but is pretty much a formality amd there are usually never any problems with Europeans buying in Tunisia. The fact that home tenure figures are so high in Tunisia is excellent news for the foreign investor as it means there is a strong local market in place when they need to realise their investments and sell their properties. Tunisians are wealthy compared with their neighbours and consider themselves to be more European in nature as opposed to African. Tunisia is only 50m south-west of Sicily and this proximity has enabled them to forge strong ties with the EU which hasn't gone unnoticed elsewhere in the region. Infrastructure and transportation to and within the country are excellent as Tunisia offers 7 international airports ensuring that no matter where you are in the country you are never further than 2 hours from an airport. The largest airport in northern Africa is currently under construction in Tunisia and scheduled for completion in late 2009 which will offer inexpensive flights. Within 10 mins drive of this airport the largest, deep water port in the southern Mediterranean is also being built enabling the globes biggest trade ships and cruise liners to dock in Tunisia. Key Points
ABOUT TUNISIA Many visitors are drawn to Tunisia for its sunny climate and its bargain beach resort holidays; the white sandy beaches are glorious, the sea is a clear turquoise, and some of the resorts are among the best in the Mediterranean. However, this small country has so much more to offer mostly within reach of the coast and is now at last starting to promote it: friendly people, well-preserved whitewashed medinas, green forests in the north, a vast desert and lush oasis in the south, an amazing wealth of archeological treasures inland as well as an exciting and delicious cuisine based on fresh local produce. Tunisia is a mainstream holiday destination but is still attracts a lot of first time visitors to the country. Those that visit tend to return year after year, each time absorbing more and more of the culture. In the mysterious medinas there is the feeling that a thousand secrets lurk behind every studded door, shops and stalls in the souqs and surrounding streets spring to life to serve the homeward bound with the freshest food. Fish are only minutes out of the sea, bread is baked on the spot and stacks of colourful vegetables are haggled over with shouts and handshakes! Although international food is available in most resorts, many holiday makers want to at least try some local cuisine. The Arabs, Turks and French have all had an influence on the country's cooking. With such a long coastline, fish is given pride of place on any menu and restaurant owners complete with each other to display the freshes catches of the day.
We guide you with overseas property sales from our UK based high street premises. We help you with buy to let and holiday homes or a relocation service. We are a family run business and a well respected name in the trade with expert knowledge of the overseas property industry, since 1989. www.elite-overseas.com has affiliate offices across Egypt, Red Sea - Hurghada, Bulgaria, Turkey, Italy - Calabria, Spain, Portugal -Algarve etc. We guide you with property investments in Egypt's Red Sea area, Morocco, Tunisia, Italy and Turkey. We help you buy Red Sea homes, buy to let properties and make investments in properties near Red Sea, buy holiday homes overseas and purchase Calabria Italy
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