Tunis Property Values Surge 2025, Centre-Ville and Lac 2 Lead

Tunis saw its housing market accelerate in the second quarter of 2026, with average residential property prices climbing more sharply than a year ago. According to transaction data shared by the National Real Estate Agency (Agence Foncière d’Habitation, AFH), prices for mid-range apartments in central districts increased 9.3% year-on-year, marking the steepest second-quarter growth since 2022.

This spike is drawing close attention from buyers and investors after a period of relative price stagnation. Property analysts cite several causes: a renewed influx of foreign capital, anticipated infrastructure upgrades along Avenue Habib Bourguiba, and sustained demand in northern neighbourhoods bordering Lac de Tunis. These factors arrive at a moment when rental yields remain well above pre-pandemic levels, prompting both first-time buyers and landlords to enter the market.

Tuning Up in the City’s Hubs

Lac 2 and the central business corridor around Avenue Mohamed V have led the gains, AFH data shows. In the Lac 2 sector, new-build apartments now command average asking prices between 5,400 and 6,100 dinars per square metre, compared to roughly 5,000 dinars in mid-2025. The Medina and the Belvedere zone, meanwhile, have seen more modest growth, with an uptick of just over 5% year-on-year for older, character properties, particularly those near Parc du Belvedere and Rue de Marseille.

Several major urban renewal projects are amplifying this trend. The Cité des Sciences redevelopment, a municipality-backed initiative announced last October, is credited with driving interest in adjacent southern neighbourhoods such as El Khadra and Montplaisir. The anticipated opening of the expanded Metro 2 line, set for late 2026, is also drawing buyers to well-connected high-rise projects near Place Pasteur.

Fresh Numbers Reinforce Optimism

On the data side, the quarterly report from AFH puts the city-wide weighted average price per square metre at 4,220 dinars for Q2 2026, up from 3,870 dinars in the same period last year. The agency tracked 1,530 residential sales in April-June 2026-an 11% increase from Q2 2025-reflecting stronger transaction volumes especially in the 300,000 to 600,000 dinar price band. International buyers, mainly from Libya and Algeria, contributed to this growth, according to property transfer records released on 2 July.

Developers say rising construction costs have played a role, but local banks such as Banque de l’Habitat have also rolled out more flexible mortgage offers targeting young professionals. The effect, according to several land registries reviewed by this reporter, is most visible in emerging residential towers flanking Rue du Lac Biwa and around Jardins de Carthage.

For those considering a move, agents expect steady, if not accelerated, price appreciation into the autumn. Analysts recommend tracking the ongoing Metro 2 works and the Cité des Sciences project for clues on up-and-coming hotspots. With vacancy rates still low and transaction activity heating up, local buyers seeking value are advised to act decisively, especially in Lac 2 and central Tunis. Several planned sales events are set to take place at Expo Centre Charguia this August, with developers promoting discounted rates for early purchasers.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.