Buying off-plan developments properties that are sold before they are completed—offers several potential benefits for investors and buyers.
Properties are often priced lower compared to completed properties and buyers can lock in a price before the market value increases, potentially offering significant capital gains by the time the property is completed.
Capital appreciation can be advantageous as the project progresses, where property values in the area may increase, leading to higher market values by the time the property is ready.
New construction developments typically meet the latest building codes and energy efficiency standards, which can lead to lower maintenance costs and improved comfort.
Longer-term payment plans may be offered in installments throughout the construction process, which can ease the financial burden. The final payment is usually due upon completion, allowing time to save for the last portion of the cost.
If buying as an investor, especially with off-plan properties in growing areas can provide a strong rental yield once completed.
Warranty and Guarantees often come with new builds, which provide buyers with peace of mind regarding any defects or issues that may arise in the early years of ownership.
Some regions offer tax incentives, rebates, or other financial benefits for new developments, especially those under certain conditions (e.g., energy-efficient homes).
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.
