Buying property

#41
land in Kerkennah islands

The land in kerkennah islands is not expensive, you can buy a plot for 25£ the m².
Many British and french settle there and build nice houses
 

rad

Member
#42
lucky have where to build my house in hergla but realy hard when i lissen to freinds ho can not married because even the rent is realy madnesse in hergla
rad
 

Kris

Administrator
Staff member
#43
Hi Everyone,

Given the interest in and around property and the developments ongoing in Tunisia I have created a specific section so that we can collect experiences and news in one place.

I welcome those who have bought, looking or just generally interested folk to contribute to the forum on the subjects of renting, buying and just discussing the market generally.

Regards,

Kris
 

Kris

Administrator
Staff member
#44
Thread for discussion on the property market in Bizerte and surrounding regions. I am happy to answer questions about this as I am based in bizerte which is in the North of Tunisia.
 

Kris

Administrator
Staff member
#45
Thread for the discussion and questions on the property market in Tunis and its suburbs which are some of the most exclusive areas in Tunisia as a whole.

I am in Tunis much of the time so if you have any questions on renting buying, prices and market info please feel free to post.
 

Janan

Banned
#46
Thread for the discussion and questions on the property market in Tunis and its suburbs which are some of the most exclusive areas in Tunisia as a whole.

I am in Tunis much of the time so if you have any questions on renting buying, prices and market info please feel free to post.
Dear Kris,
if it will not bother you, i am going to real estate agent in Tabarka Amy Fils....
to aks about prices of very small house or flat, something like 2 rooms, kitchen and toalet, shower room.
Can you give some ideas about prices?
Thank in the advance, Janan
 

Kris

Administrator
Staff member
#47
Hi Janan,

I do not know Tabarka prices very well.

It is not one of the largest touristic places in Tunisia though as it is a costal place be prepared for some expensive prices for the apartments near the beach with a view.

I would price this in the same category as bizerte for prices or cheaper.

cheap 200-250 for 2 bed
Medium 250-350 for 2 bed

Anything over 350 per month unfurnished in dinars should either be lovely and or in a good position give or take 150 dinars for a view near beach etc

Sorry to be a little vague but in Tunisian towns the quality and prices can fluctuate greatly if you can find the place you like and then ask in a coffee shop or small shop as those guys know the prices and more often than not have a list of places to rent.

Regards,

Kris
 

Janan

Banned
#48
Hi Janan,

I do not know Tabarka prices very well.

It is not one of the largest touristic places in Tunisia though as it is a costal place be prepared for some expensive prices for the apartments near the beach with a view.

I would price this in the same category as bizerte for prices or cheaper.

cheap 200-250 for 2 bed
Medium 250-350 for 2 bed

Anything over 350 per month unfurnished in dinars should either be lovely and or in a good position give or take 150 dinars for a view near beach etc

Sorry to be a little vague but in Tunisian towns the quality and prices can fluctuate greatly if you can find the place you like and then ask in a coffee shop or small shop as those guys know the prices and more often than not have a list of places to rent.

Regards,

Kris

Thak Kris,
I was more thinking about buying property even I am not sure if EU resident can buy property in Tunisia. I will search for property in cheaper area of tabarka and sorrounding.... I hope I will have luck :) This is very serious decision therefore I expect it takes me years to get what I want.
 

Kris

Administrator
Staff member
#49
You certainly can buy a property in Tunisia as a citizen though outside tourist zones the proceedure can take a bit of time and can be a bit annoying.

The property will have to be inside town boundries.
 

Janan

Banned
#50
Thak a lot Kris,
take care
Janan
 

topmen6

New Member
#51
Excellent established ladies boutique for sale as a going concern . Boutique in a very good trading part of Hammamet . Owner is english and has been running boutique for over 10 years and looking to retire . Excellent client base and a very good investment for some person who is looking to have a business that is well established . Looking to sell with font commerce as they call it here we call it going concern .

Interested parties can see track record of earnings and potential .
 
#52
For those of you who would like to invest in a holiday home in Sousse, you can visit my website www.tekaya-properties.com It is my first development in Tunisia and hoping it will go well so I can continue with the next one. I would very much welcome any interest in going in partnership to start a development business in Tunisia. The country is changing by the day and the opportunities out there are endless. Look forward to some comments.
Riadh
 
N

nsmith50

Guest
#53
I would recommend the Tunisian House website....lots of help and inspiration.
Hopefully will be able to come back to Tunisia after the summer and would dearly love to find a piece of land to build on.
The Tunisian House has been a great help in our investigation and planning stages, and will not have any hesitation in using them to buy through and highly recommend.
 

Kris

Administrator
Staff member
#54
Adel and Melanie are nice folks I have met Adel at Meditour and thus can say they genuinely care about their customers and have a thorough knowledge of their market.
 

nikki23

New Member
#55
can you pm me more details, to be honest im just being inquisitive as i would love a solid job/business in tunisia.
 

Waqar

Active Member
#56
Hi. I am new to this but hoping someone out there can help. I am a British Citizen married to a my amazing Tunisian wife. We are long term planning and are hoping to buy a property in Tunisia. We have family predomintaley in Sfax but want to ensure that we can rent it out while we live and work in the UK. The aim is to buy it rent it in the short term and one day when we can retire and live there.
I have a mortgage here in the UK and my wife only works part time.

1. Can my wfie get a Tunisian mortgage even though she lives and works in the UK- someone dud say Central Bank of Tunisia
2. How much deposit is required by us to secure the property
3. Where is the best place to buy in terms of rent
4. I know lots of people buy land and build there- can we take a mortgage out and build instead of buying
5. Can we move money from UK bank to Tunisian bank and vice versa- ie deposit money in Tunisia bank and move to UK bank


Thanks
 

Bigbrother

New Member
#57
welcome to the site :)
 

Essem

Moderator
Staff member
#58
Hi Waqar,

Another helpful site is www.internationalpropertylaw.com They have offices in Hull and London.

Contact Loic Raboteau (Hull Office) who is joint head of the Egytpian and Tunisian Law department as well as French and Moroccan. [email protected] or 0870 800 4503
From Abroad: - +44 (0)1482 385 603

Hope this helps

PS They advertise in magazines like Overseas Property.
 

Kris

Administrator
Staff member
#59
Wow somone else with a Tunisian wife I thought i was the only one!

1. Can my wfie get a Tunisian mortgage even though she lives and works in the UK- someone dud say Central Bank of Tunisia

best to speak with banks concerned as the situation can change from bank to bank. many ask for wages into a bank account but some may be flexible depending on your situation.

2. How much deposit is required by us to secure the property

again avaries from bank to bank and the underwriters 30% is usally enough but looking at property prices about the place people must be getting larger LTVs

3. Where is the best place to buy in terms of rent

In terms of amounts you talking marsa gammarth and du lac however bargains are few and prices are more than some UK towns with worst yields considering fallying UK prices at the moment. 3-5%

If your organised you can rent out places in sousse and hammamet to tourists for higher yields but for more work as holiday lettings.

4. I know lots of people buy land and build there- can we take a mortgage out and build instead of buying

There are self build mortgages as this is very popular given the cost of building in Tunisia again however speaking to a bank is best as they should all have some form of self build mortgage.

5. Can we move money from UK bank to Tunisian bank and vice versa- ie deposit money in Tunisia bank and move to UK bank

First one no problem second one has some restrictions as tunisians have limited export rights on money to protect foreign exchange balances which explains why property is a good investment/very expensive in many parts of Tunisia as rich tunisians decided this is the best place to park their money.

As a foreigner you can move money in and out using a convertible dinar account however the money leaving will have to be in a different currency.
 

Essem

Moderator
Staff member
#60
Hi Waqar,

Re mortgages - UK banks tend not to lend on overseas properties, buy may have a foreign subsidiary that would. Another option would be to remortgage you UK home to free up any equity or raise a deposit by extending your UK mortgage and then take a foreign currency mortgage for the balance.

It's probably best to speak to a specialist mortgage broker first - London & Country Mortgages at lcplc.co.uk or Charcoal at charcoal.co.uk Best to ensure your broker is on the FSA register on fsa.gov.uk

A Place in the Sun magazine (June issue) is advertising this year's exhibitions in Birmingham and London in association with Moneycorp - www.moneycorp.com
 
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