Tunisia’s Real Estate Market in 2024: A Year of Transformation
Tunisia’s real estate market in 2024 has been shaped by economic fluctuations, increasing demand, and rising property values. Despite global challenges, the sector experienced a 5% rise in apartment prices and a 7.27% surge in rental prices, reflecting a dynamic and evolving marketplace.
Apartment Sales: Rising Prices & Demand Variations
The residential sales market saw significant price increases, particularly in urban and high-end neighborhoods.
Average Price Growth: +5% (compared to 2023)
Most Expensive Areas:
- Jardins de Carthage: 5,200 TND/m²
- Aouina: 3,280 TND/m²
Most Affordable Areas: - Cité El Khadra: 2,360 TND/m²
- Mourouj 6: 2,410 TND/m²
This price growth was fueled by a limited supply of new developments and increasing urbanization in key districts.
Rental Market: A Strong Surge in Prices
The rental sector saw a 7.27% increase in 2024, with apartments making up 70% of rental demand.
Highest Rental Increases:
- Boumhel: +21.95%
- Manouba: +21.62%
- Riadh al Andalous: +21.21%
Premium Rental Locations (S+2 Monthly Prices):
- Jardins de Carthage: 1,900 TND
- Cité Ennasr 2: 1,400 TND
- Ain Zaghouan Nord: 1,800 TND
The seasonal summer rental market also boomed, with Hammamet, Kelibia, and Sousse attracting high demand from both locals and foreign tourists.
Commercial Real Estate: Business Hubs Thriving
Tunisia’s business real estate sector experienced strong growth in 2024, particularly in premium areas.
Office Prices (Sale & Rental Increases):
- Lac 2: 6,450 TND/m² (Purchase) | +12% in rental prices
- Montplaisir & North Urban Center: Emerging hotspots for business investments.
Foreign Investment: Tunisia Remains an Attractive Market
With Tunisia’s strategic location and competitive pricing, foreign investors have shown strong interest in the real estate market.
Top Foreign Investors in Tunisia:
- France: 47%
- Germany: 7%
- Qatar: 6%
Preferred Investment Areas: Hammamet, Lac 2, La Soukra.
2025 Outlook: What to Expect?
As Tunisia’s real estate market continues to grow, investors should monitor:
✔ Emerging districts like Manouba & Cité El Khadra.
✔ Government policies impacting real estate taxation.
✔ Sustained foreign interest, particularly in urban and touristic zones.
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