Ten Reasons Why Tunisia Will Attract Property Hunters

Holidaymakers to Tunisia have been returning to the country's beaches and white washed buildings and marinas for years its now time for the investors.

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Overseas property investment is most profitable at the early stages of a housing market. This can reward investors in low financial outlay and high capital appreciation. I believe Tunisia entry into the international real estate scene is one such market. Investors know that profits are made not on the sale of property but on the purchase.

There is talk of this new emerging market the excitement exists because it is already a holiday hotspot. So why consider property in Tunisia as a sound investment? well here are ten good reasons to invest in this region:

1. Newly opened market for foreign buyers the early bird tends to benefit the most

2. Modern, cosmopolitan society and excellent infrastructure

3. Low entry prices from 25,990 Euros!!

4. Excellent Capital Growth potential & Rental yields of 10 - 14%

5. Very strong Economy – GDP growth in excess of 5% per year for the past 10 years

6. Over $50 Billion currently being invested into Tunisia by Dubai developers

7. Economically stable country

8. Less than 3 hour flight time from the UK

9. Many direct flights from UK and Europe

10.Established tourist destination all year round with 320 days + of sunshine

Buying Overseas Property Safely

I anticipate that most of the property available in Tunisia will be off plan i.e. pre construction. This offers huge benefits including the fact that you can pay for your investment in stages. However like most investments you need to tread carefully here are my tips to make sure things go smoothly:

Find the answer to these questions:

1. What guarantees do I have that the developer would not go under or this project would not go under?

2. Will my deposit be placed in an Escrow account

3. Tell me about the building company, what work have they done in the past

4. Has the builder secured planning permission and local permissions for the project

5. Are there any legal safeguards for foreign investors in the case of non-completion or poor construction work by the developer?

6. If I decided to sell before completion of the project, would that be possible and would I be penalized in anyway?

7. How easy is it to buy and sell property in this country? 8. What if I decide to sell my (residence/hotel suite)?

9. Are there any other fees while the project is being built and what about after completion?

10. What do you anticipate the rental income to be once the facility opens based on current rates at similar properties?

11. What is the payment schedule

12. What happens if the building is delayed

13. What is the rental yield I can expect?

14. What are the tax and inheritance implications

15. What is the buying process in this country

This list sounds a bit intense but it should all be available very easily from any developer worthy of investment

Author

Nicholas Marr is the director of overseas property website at

www.HomesGOFast.com