Buying Real estate in Tunisia

Buying real estate in any country can be complex and involve a range of fees and charges. Tunisia is no exception. In this article, we will explore the process of buying property in Tunisia and the various costs involved, so you can make an informed decision.

Four simple steps to Buying a Property in Tunisia

Step One: After finding the right house, it is essential to check if there are any legal encumbrances on the property. This can be done at the Regional Land Ministry.

 Step Two: is the execution of a preliminary contract of sale, known as the “promesse de vente” or promise of sale, between the contracting parties.

 Step Three:  The contract is then prepared by a lawyer or a notary in consultation with the property registry services. Regardless of who prepares the contract, it needs to be notarized, and both parties should be present.

Step Four : Once the contract is signed, the purchaser needs to pay the transfer tax and registration fee. After this, the purchaser can file an application for a title deed at the Land Property Administration and obtain a property certificate from the Regional Land Registry.

How much does it cost to buy a property in Tunisia?

• Property Prices

The cost of buying a property in Tunisia can vary depending on several factors, including the location, size, type, and condition of the property. The cost of buying an apartment can range from 1,500 to 2,500 Tunisian dinars per square meter, while the cost of villas or houses can range from 2,000 to 5,000 Tunisian dinars per square meter. Prices can be higher in upscale areas or in properties that offer luxurious amenities

• Additional Fees

When purchasing a house in Tunisia, it’s important to keep in mind that there are several additional fees and charges that may apply. These fees can add up to approximately 7% to 9% of the total purchase price. Some of these fees and charges include:

• Registration fees

The registration fees vary according to the nature of the contract submitted for registration. The fees range from fixed fees to progressive and relative fees within the range of 8% of the value of the property. The contracts’ components specify the registration fee, such as the contract date, the real estate price, assignment of ownership, and acquisition privileges.

• Legal fees

If you decide to work with a lawyer, you may need to pay legal fees that can range from 0.5% to 1% of the purchase price.

Conclusion

Buying a property in Tunisia involves several steps, including the execution of a preliminary contract of sale, notarization, and payment of transfer tax and registration fees. It’s important to keep in mind the additional fees and charges that may apply, such as registration fees and legal fees. By being aware of these costs and following the necessary steps, you can make an informed decision when buying real estate in Tunisia.