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The land prices have been driven up with hot money flooding the system. A small piece of land that I inherited in Hawlwadaag is now worth 150,000 to 200,000. Some large villas in KM-4 are now selling for over $1.5 million. Even a small piece of land gifted to me by my abti in the Afgoye corridor is being sold for $20,000 but he paid $800 for it in 1990.
Nope, your people are the ones who are scared but its okay to return home.STARKAST wrote:Are you scared you're people will create havoc again ?
Land is always valuable...for you're self or for others.
laakin in somalia bank riba laga qaato ma jiro, how are people going to pay that much?Somaliman_50 wrote:injineerka, bal waran horta?
interesting, i've also heard about villas costing 1 million in benadir. property and land prices might be rocketing sky-high right now but eventually it will subside, a few years ago the real estate industry and property development in the UK was at it's highest in decades but there was only so much that banks could do to dish out mortgages, eventually demand slowed down and things went back to normal..
waan fahmaySomaliman_50 wrote:injineerka, yaad ka hadlaysa? ma qanyaraa
fariyoalif, las anod is different from muqdisho, waa dhul waasac oo ku yaal meel fagaara oona xeeb lahayn. what is being discussed is land value in the city centres of xamar which will always be costly regardless. its a good thing we have no riba-based bank outlet in the country, the whole populace will fall into debt and the value of our shillings will drop even more. riba is just a mirage, looks attractive and money-making but it's filth and deception to the poor.
so you reckon the prices going to plunge once the security of all xamar's districts are intact?AbdiWahab252 wrote:FariyoAlif,
These houses are located in the most secure parts of Xamar which has the most expensive property values in all Somalia.
As soon as you start building something there some guy or girl driven by greed will start claiming that the land you are building belongs to them. It may even be the first they have seen the place but it does not matter.ElfRuler wrote:Aside from Xamar, does one need to purchase land in the other less populated regions? I think 80% of the land in Somalia is not owned by anyone particular. Will I be fined or face future repercussions if I claim uninhabited land that legally belongs to no one?