House for sale in Hargeisa $340,000

[Apollo]

The house ain’t worth 300k

For 300k they should build a whole garden,pool , basketball court and pavement around the whole neighborhood

It's the location driving up the price. Most likely.

In London, you have the same phenomenon. Very ugly houses near the centre being priced in the millions.

 

[zidane]

The house ain’t worth 300k

For 300k they should build a whole garden,pool , basketball court and pavement around the whole neighborhood

When you consider the difficulty of getting building materials and labour transported to Hargeisa plus high land values.


Take into account other waste such as bribes and ineffeciencies and it wouldnt surprise me if the developer is barely breaking even