Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
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.
