Tram Extension to Lac Tunis Boosts Nearby Property Prices Double Digits

The Société du Métro de Tunis opened the first 4.2-kilometre segment of the Lac line on 15 June, connecting Place de la République directly to the Berges du Lac business district. Apartments within 800 metres of the new stations have recorded average price rises of 14 percent since ground was broken in late 2024.

The project forms part of the 2025-2030 urban mobility plan adopted by the Tunis municipality. Faster journeys to the financial district matter now because office occupancy in Berges du Lac recovered to 87 percent last quarter after three years of post-pandemic vacancies. Buyers are therefore paying premiums for homes that cut commute times from 45 minutes to under 20.

Neighbourhood-level changes

Along Avenue de la Liberté in the Bardo district, two residential blocks completed in March now list three-bedroom units at 285,000 Tunisian dinars, up from 245,000 dinars for comparable stock sold in the same buildings last summer. Further east, the once-industrial strip between Rue de Marseille and the lakefront has seen five new real-estate agencies open since January, all advertising properties marketed as “tram-adjacent.”

Local data collected by the Observatoire de l’Immobilier Tunisien shows median asking prices per square metre in the affected zone reached 3,450 dinars in June, compared with 2,980 dinars city-wide. The same report records 312 transactions closed within 500 metres of the new stops during the second quarter, the highest quarterly total since records began in 2018.

Next steps for buyers and sellers

The second phase, extending the line another 3 kilometres to the Cité Olympique, is scheduled for tender in September. Property consultants advise owners within the next catchment area to obtain current valuations before the announcement, while buyers should inspect flood-risk maps released by the Agence Nationale de Protection Civile before committing to lake-adjacent plots.