Tunis Property Values Surge 9% Amid Strong Quarterly Growth Over 2025

Residential property prices in Tunis rose 9% in the second quarter of 2026 compared to the same period last year, according to new figures from the Chambre Nationale des Agents Immobiliers. The city’s real estate market continues to shake off last year’s economic jitters, aided by a rebound in demand and targeted government incentives.

The rapid price growth lands as Tunisia’s capital faces both record migration into the city and a persistent shortage of newly built homes. Real estate agents have reported bidding wars for two-bedroom flats in key districts, and developers say the number of viewings per listing has doubled in some upmarket areas since April. The price spike also has implications for younger buyers and renters, many of whom are already challenged by high inflation and stagnant wage growth across the region.

Details from Lac 2 to the Medina

The boom is not evenly distributed. The Lac 2 district—favoured by embassies and tech firms—clocked a 14% year-on-year jump, pushing average prices above TND 5,200 per square metre for new developer stock. Meanwhile, the historic medina held steady at a more modest 5% annual growth, with agents at Agence Immobilière Ben Yedder citing increased investor interest in riad conversions. On Avenue Habib Bourguiba, rents for small commercial units climbed more than 11% versus last June, reflecting a rebound in tourism and retail footfall. The Ministry of Equipment and Housing has this year fast-tracked planning approvals in Ariana as part of its Programme El Ouns, which targets 2,400 new affordable homes by 2027—but only 600 of these had broken ground by May.

The data, shared by Sami Dabboussi, board member at the Tunisian Chamber of Real Estate Agents, shows a city-wide median price of TND 3,950 per square metre for resale apartments in Q2, versus TND 3,625 twelve months ago. In the upscale Berges du Lac area, three-bedroom flats in new towers were routinely trading above TND 800,000 by June, a 10% rise in just a year. However, older housing stock in Bab El Khadra or Le Kram remained more affordable, with some listings under TND 2,600/m². Cash buyers and returning expats have played a major role: the International School of Tunis reported record enrollment inquiries, which local agents believe is driving further competition for larger family homes in La Marsa and Carthage.

What Tenants and Buyers Should Expect Next

Looking ahead, industry analysts caution that the current pace of price rises is unlikely to persist unless the government accelerates both approvals and infrastructure upgrades. Interest rates remain steady, according to Banque Centrale de Tunisie, but any hikes could dampen demand. For first-time buyers, agents recommend acting swiftly in popular quarters like Mutuelleville, where open-house events attract queues. Tenants are likely to see rents increase further in the third quarter, particularly near tramway expansions in Centre Urbain Nord.

Buyers hoping to avoid bidding wars should focus on less-hyped suburbs west of the city, or explore delayed off-plan projects launching in late 2026. Sector consensus holds that Tunis remains a sellers’ market for the time being, but there is growing political pressure—from the Union Nationale des Locataires de Tunisie, among others—for new controls if prices continue their rapid ascent into 2027.