The quarterly real estate price index from Statistics Tunisia reveals that between the first quarter of 2024 and the last quarter of 2023, the prices of built residential real estate assets increased by 3.5% in quarterly variation.

“The increase in building prices at the turn of 2023-2024 is thus more moderate compared to the price variation observed between the fourth and third quarters of 2023”, notes this structure.

By type of built asset, this increase resulted from an increase in apartment prices of 3% and 4.8% for houses.

The breakdown by region shows that the index fell by 2.5% for transactions registered in Greater Tunis, compared to a substantial increase of 9.2% for those recorded in other regions.

According to Statistics Tunisia, the increase in building prices over one year stood at 3.9%, impacted by a sharp rise in house prices (+15.4%). Year-on-year, i.e. compared to the same quarter of 2023, the synthetic index of prices for built real estate increased by 3.9% during the first quarter of 2024