Real estate development in Kenya, and to that point anywhere in the world, typically involves various types of land that can be used for different purposes.
When it comes to land that is used for the development of family oriented homes, the end product can range from single homes to apartment complexes with retail spaces on the ground floor. There is no end to the variety of residential properties that are designed and built in this day and age.
Commercial buildings like shopping centers, malls, and standalone stores require specific planning permission to fulfill the desired outcome. Office buildings, which range from the small single unit to entire buildings have similar requirements to meet as regards local authorities and building controls.
Warehouses, distribution centers, industrial plants, factories, heavy manufacturing facilities, ranching, or forestry purposes, parks, sports complexes, golf courses, and other recreational developments all come under the commercial development category.
Each type of land comes with its own zoning, environmental considerations, and development potential, which developers need to account for when planning projects.
Why Buy or Invest in New Real Estate Developments in Tunisia.
Tunisia has been experiencing a recovery in economic growth and has established itself as a key market in North Africa. With a growing economy, the real estate market has significant potential for long-term gains, especially as urbanization and development continue.
Real estate in Tunisia, particularly in new developments, tends to be more affordable compared to many Western or even other North African markets. Investors can often purchase larger properties at competitive prices, which can provide a greater return on investment.
Tunisia’s geographic location makes it a gateway to Europe, the Middle East, and Sub-Saharan Africa. Its proximity to Europe is beneficial for investors looking for cross-border opportunities. Tunisia is also part of the Maghreb region, which is a key player in regional trade and investment.
Tunisia is a popular destination for tourists, especially from Europe, and this trend is expected to continue. With tourism driving demand for short-term rental properties and luxury real estate, investing in new developments, particularly in coastal areas or cities with high tourist foot traffic, can yield attractive returns.
Tunisia has been making significant strides in improving its infrastructure, including transportation networks, telecommunications, and utilities. The development of new roads, airports, and railways contributes to the appreciation of real estate values in emerging areas.
