Real estate development is an activity that developed in Tunisia after the year 2013. The demand for housing increased very quickly and many people were able to access property thanks to the improvement in the standard of living and the opening of simplified bank credit. In 2017, real estate development generated a turnover of approximately 10.92 billion dinars.

What is property development?

According to the established definitions, real estate development is an economic activity that consists of the production of real estate intended to be sold to buyers so that the latter can occupy or rent them, ensure their development and preserve their heritage.

Therefore, any company whose main activity is to carry out real estate transactions such as the Pro Immo Djerba real estate agency is considered a real estate development company. These operations may concern various real estate assets:

• Housing, which represents 80% of property development products. Of these dwellings, approximately 85% are residential buildings.
• Commercial and industrial sites.
• Residential residences that offer services, such as nursing homes or certain student residences.
• Develop and segment businesses.

What do these operations actually include? The role of property development is actually very broad. Operation that leads to the realization and marketing of a real estate project. Thus, the law on real estate development brings together all the means and acts of creating a property on a site previously controlled in order to give the customer access to his property.