Advice on buying Tunisia Real Estate Property

You have found an property in Tunisia you wish to purchase what next?

Buying Property in Tunisia - Costs of Purchasing Tunisia Property

Tunisia Property Buyer's Guide explains the legal fees, legal procedures, purchase taxes and mortgage procedure.

Foreigners are allowed to purchase real estate property in Tunisia. Until recently, Tunisian government officials discouraged investment in the Tunisia real estate sector. Nonetheless, this policy seems to be being relaxed, though all Tunisia real estate transactions are still subject to approval.

Agricultural land cannot be bought by foreigners. Leasing of (agricultural) land up to 40 years, however, is allowed.

A preliminary contract of sale ("promesse de vente" or promise of sale) is executed between the contracting parties. Whether there are any legal encumbrances on the property should be first checked at the Regional Land Ministry.

The preliminary contract should include:

the name of the contracting parties;

address and other identification details of the property;

specification of what costs the seller and purchaser bear;

presence of tenant and date of vacancy (if relevant);

"delay of realization of sale", whichrefers to a grace period, during which the purchaser can fulfill needed documentation and secure funding.

a deposit equivalent to 10% of the sale price is expected.

The contract is then prepared by a lawyer or a notary after consultation with the property registry services. In either case, the contract still needs to be notarized, and the contracting parties should be present.

After payment of the transfer tax and registration fee, the purchaser files an application for a title deed at the Land Property Administration, and doe a property certificate from the Regional Land Registry.

Transfer Tax:

The transfer of immovable property is subject to 5% registration duty.

Tunisia Real Estate Agent's Fee:

The agent's fee is typically 3%, paid by the buyer.

Registration Fee:

In addition to the transfer tax, there is a 1% duty on registered real estate paid upon transfer of rights.

Contract Fee:

Stamp duty is levied on all contracts, documents and agrrements that are subject to registration duty. Fee for the contract is 0.1% of property value.

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These guidelines are meant for guidance only and describe a straightforward purchase scenario. However this information is not meant to replace proper legal advice, which we always insist you take.

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