Apartments for sale in Hammamet

The AFH estate in Mrezga has changed the face of Hammamet Nord in twenty years: where orange groves once lay between the tourist road and the Nabeul road, there are now three- and four-storey residences, ground-floor shops and, on the Nabeul side, the university campus. An apartment for sale in Hammamet Nord Mrezga has become the most common search in the whole delegation, ahead of villas.

The listings on this page cover Mrezga but also Yasmine Hammamet, the centre and the more modest residences of Hammamet Ouest and Bir Bouregba. Prices are those set by the advertisers, private sellers or developers: the comparison is yours to make.

Why Mrezga and the AFH estate make up most of the market

An AFH Mrezga apartment for sale is usually an S+2 or S+3 (a living room plus two or three bedrooms, in Tunisian listing shorthand) in a residence delivered between 2005 and today, with a lift, a parking space and sometimes a shared pool. Prices generally sit between 2,200 and 3,200 DT (Tunisian dinars) per m² depending on the building's age and distance to the beach. Residences closest to the tourist road sell for more, but also age faster because of the sea air.

An apartment for sale in Hammamet in a new Mrezga development is often paid in instalments to the developer, with delivery in twelve to eighteen months. Ask for the building permit and check whether the developer has already delivered in the area: in Mrezga everyone knows everyone, and building delays are common knowledge.

Sea view: Yasmine, the centre and Hammamet Nord

Sea-view apartments for sale in Hammamet cluster in three sectors. In Yasmine Hammamet, the residences around the marina offer open views, a pool and a caretaker, with high service charges and a very quiet neighbourhood from October to May; the co-ownerships there are used to Italian and French buyers. In the centre, a few buildings on avenue de la République have upper floors that see the sea over the medina. In Hammamet Nord, the front line of the tourist road remains the most expensive in town.

A Hammamet apartment with a direct sea view often trades 20 to 30% above the same property facing the street. For personal use, the difference is justified. For a buy-to-let, it pays off mainly in summer. Compare too with the price of a house for sale in Hammamet in the same area: in Baraket Essahel, a small villa sometimes costs less than a sea-view S+3 in Yasmine.

Small budgets and S+1

A cheap apartment for sale in Hammamet still exists, provided you move away from the sea: Hammamet Ouest towards the Tunis road, the residences of Bir Bouregba near the station, and villa floors converted into apartments in the Hammamet Est neighbourhoods. Prices then drop below 1,800 DT per m², sometimes well below for a property needing a refresh.

An S+1 for sale in Hammamet attracts two profiles: young couples working in the hotels, and investors who let by the month to seasonal workers or by the night in summer. A 55 to 65 m² S+1 in Mrezga usually sells for around 150,000 to 200,000 DT. I often tell buyers this: at that price, a well-placed S+1 in Mrezga resells more easily than an S+2 in Bir Bouregba, because rental demand there is constant thanks to students from the neighbouring campus. If the purchase can wait, the page of apartments to rent in Hammamet gives real rents for working out a yield.

Compare before you sign

The Hammamet apartment market is one of the most liquid on Cap Bon: a well-located property resells within a few months. But an apartment in a gated residence in Hammamet costs money every month in service charges, and that item is rarely written in the listing. Ask for the last three minutes of the owners' meetings. The full list of apartments for sale in Nabeul governorate also lets you set Hammamet against Nabeul and Kélibia.