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Tunisia: real estate developer SITS halves its turnover at the end of September

The Tunisian-Saudi Real Estate Company (SITS) has seen its turnover fall by 48% at the end of the first nine months of the year to 3.1 million dinars, against 6 million a year earlier.

The Housing turnover reached 2.9 million dinars, while that from office sales is only 245,000 dinars.

Indeed, the stock of finished goods went up from 6.6 million dinars at the end of September 2021 to 3.7 million at the end of last September, while the value of land stock increased from 17.7 million dinars to 25 million.

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