Tunisia Off Plan - Your views?

[Fatman]

Currently Looking at Tunisia off plan development for completion in 2011.

Its near to 2 airports at present and theres a 3rd being built
The company is the right move abroad and they are boasting up to 14% rental before fees

Any views on Tunisia or the agent?

[The Great Gatsby]

Originally Posted by Fatman

Currently Looking at Tunisia off plan development for completion in 2011.

Its near to 2 airports at present and theres a 3rd being built
The company is the right move abroad and they are boasting up to 14% rental before fees

Any views on Tunisia or the agent?

Well I can tell you as somebody in the industry that since we took a development on last week on pre-release that all we seem to be getting is enquires about Tunisia. There seems to be a lot of excitement about Tunisia

[christy.vfi]

Hi ,

Yeah as an agent selling in Tunisia as well we are getting massive interest in the clountry. We will be releasing our site La Vollier very soon and the developer we work with has a further 12 sites in and around Hammerat and Tunis.

[The Great Gatsby]

Originally Posted by christy.vfi

Hi ,

Yeah as an agent selling in Tunisia as well we are getting massive interest in the clountry. We will be releasing our site La Vollier very soon and the developer we work with has a further 12 sites in and around Hammerat and Tunis.

Well La Voilier is what we are promoting. Lets just get it released and start selling it!

[mickthepropertyguru]

Hello christy.vfi and The Great Gatsby.
Tell me why you think Tunisia will be a great investment ? Your promoting it right ?
What is the price per square meter for beach front properties in Tunis, Sousse and Monastir ?
To be honest with you, i believe the last thing any investor should look at is a development, First the exit strategy, Legal, tax, safety, country, location, development.
So lets talk about Tunisia.
British airways operates direct flights from London to Tunis regularly. What other areas of Tunisia are growing ?
Also Non residents can buy plots for property but not agricultural land, are there any other restrictions ?

[The Great Gatsby]

Originally Posted by mickthepropertyguru

Hello christy.vfi and The Great Gatsby.
Tell me why you think Tunisia will be a great investment ? Your promoting it right ?
What is the price per square meter for beach front properties in Tunis, Sousse and Monastir ?
To be honest with you, i believe the last thing any investor should look at is a development, First the exit strategy, Legal, tax, safety, country, location, development.
So lets talk about Tunisia.
British airways operates direct flights from London to Tunis regularly. What other areas of Tunisia are growing ?
Also Non residents can buy plots for property but not agricultural land, are there any other restrictions ?

I'll be honest to being quite naive to the product at the moment as my company has just taken it on. But we have had a lot of enquiries. I am trying to find as much information on Tunisia as I can at the mo. What are your thoughts?

[RGPLC]

Guys,

Please find below some information on Tunisia and the Le Vollier resort the firsst we will be releasing in this new and exciting market.
More information can be found on New Site > Home

Le Vollier, Hammamet, Sousse, Tunisia - Apartment 1 Bedroom 1 Bath.

Prices from as little as €24,999

As you are aware VFI Overseas and Eyesabroad estates have now launched Tunisia, an exciting new emerging market to rival the likes of Dubai and other investment driven overseas markets. Eyesabroad estates and VFI have spent the last number of months identifying new markets for existing and future client base. We have identified Tunisia for a number of reasons.
Unrivalled Capital growth
Cosmopolitian society - French, English, Russian, Italians, Spanish.
Low entry level for investors.
Properties from as little as €24,999
Frontline Beach Developments
Low price per sqr metre
High Rental Yields
Many Golf courses - 18 hole / 35 hole
Outstanding quality of build
International Cuisine
2/3 hrs flight time from europe and Russia
Building bonds in place
Tourism Increased by 45% in 2006
6 International airports and more being built
Billions of euro being invested by Government and private institutions
Demo Graphic society
Mediterranean climate
At present demand is currently outstriping supply.
In Tunisia people are still waking up to warm, sunny mornings> The lifestyle is calm, peaceful and most importantly , affirdable. The cost of living is Low. Utility bills are low. The prices of food and petrol are low. All of this means the best of your money and more for your money. More money to spend on the pleasureable things in life, such as eating out under the starry skies or sipping a mint tea at a pavement cafe and watching the world go by.



Some typical examples of the price of food in Tunisia could include a cup of tea of coffee ata cafe ranging from 20p to 50p, a kilogram of tomatoes 30p , a kilogram of pears 50p, a french stick 10p, a litre of milk 25p, a kilo of beef or lamb £3 - £4. Supermarkets are stocked with everyday needs , but the local market is the place to pick up items of amazing value. Living in Tunisia , will bring you that healthy lifestyle. Fresh fruit and vegetables in abudance and fish straight from the sea and unto your plate in minutes! There are also more than enough hot, sunny days to fit in all of the outdoor sporting activites that you can muster.

As with most mediterrean countries , the crime rate is low. You can enjoy your evenings out, bringing along the children as they are always welcome, without any rowdy behaviour to spoil your fun. Old fashioned values still reign supremem and parents, teachers and the elderley are treated with the utmost respect.

You will rarely find languauge difficulties. The main spoken languages ate Tunisian Arabic and French, but since English was introduced to the National Curriculum for all school children aged 10 upwards, it is fast gaining importance amongst the Tunisian nation.



Price €24,999



If you require any further information please contact me on this e mail address. We will soon be running trips to the country but feel with the very affordable prices we will do most of our business on direct deals. Already several units have been pre reserved.

[Walshie]

Having holidayed in Tunisia many times and knowing how beautiful the country is I was always surprised that the property market there hadn't taken off until recently. The French have been buying there for the past few years and the Brits are only starting to look now.

I was surprised to hear that people are looking at buying property in Madhia since Madhia is not a very known tourist destination in Tunisia. Most of my holidays in Tunisia were spent in places such as Hammamet and particularly El Kantaoui which we love and come back to every year.

I have just come back from a holiday in Tunisia again this year and whilst there decided to go to Madhia and check it out for myself. I have to say, although a huge fan of Tunisia, I wasn't particularly impressed with Madhia as it is very remote and difficult to get to from Sousse. Having read somewhere that it is the New Monte Carlo of Tunisia, perhaps my expectations were too high and I really felt disappointed with what I saw. Furthermore I doubt that investors will find the sort of returns they are looking for, as Madhia is really not that well known with holiday makers or tour operators in Tunisia who tend to stick to well known hotspots of El Kantaoui, Sousse and Hammamet.

From an investment point of view and certainly if you are looking for rental income I would suggest places such as El Kantaoui and Hammamet, the two best known resorts in Tunisia. These resorts are modern and thriving with tourists so you know that your money will be well invested. Having looked at the dunes golf & spa on the right move abroad website it looks like a much better proposition in terms of investment and prices seem very reasonable for El Kantaoui, I just wish I had enough time to see the development, but my friends are going over mid August so will keep you all posted with what they come back with. As far as properties in Madhia are concerned, I would be inclined to wait a few more years for the region to be developed before jumping in!

[LisaNic]

Tunisia is proving very popular now amongst investors, however I agree that hammemet, sousse and port el kantoui are much nicer resorts than mahdia.

Overseas Property Hotspots - Tunisia The Dunes Golf and Spa Resort gives the details of a fantastic low priced project near Portl El Kantoui for anyone who is interested. With studios starting at just 26,000€ (20K GBP), this 5 star beach front project is close to a 36 hole golf course and has Thelasso Spa facilities on site.

Thanks

[teepeeseller]

I would be interested in Tunisia if I could find reliable finance. Any advice welcome please.