Tunisia on the rise

The Tunisian property market is one to watch over the next year, claims one expert...

According to Andy Welland, Managing Director of GEM Estates, Tunisia has every right to ‘feel smug' at the moment as it has so much going for it in terms of property investment.

He explained: " Apart from escaping unscathed from global economic meltdown, it's attracting tourism and foreign investment from across the globe, in particular the Middle East, thus creating a pent-up demand for property.

"An affluent home owning population as high as 80% adds yet another exit strategy for investors. Property prices are low, even as low as Morocco was five years ago, yet it boasts an impressive infrastructure of luxurious hotels, six golf courses, modern international airports, chic boutiques and jet-set marinas.

"And, when the Tunisian dinar finally becomes ‘open' or convertible at the end of 2009, local banks will be prepared to offer mortgages to foreign buyers. This African nation is certainly one to watch."

Source: www.gem-estates.com