Property in Somalia

[Johnnyxsmit]

Is this area expensive?
Can I buy a house here for 50k?

 

[Ahmed Ato]

Is this area expensive?
Can I buy a house here for 50k?

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this area is a commercial area but you can buy houses near it. the houses near the city center are usually expensive.

 

[Johnnyxsmit]

this area is a commercial area but you can buy houses near it. the houses near the city center are usually expensive.

what is expensive?
anything anecdotal?

 

[Ahmed Ato]

what is expensive?
anything anecdotal?

well we have a house near km4 (you can go to km4 by walking in less than 15 minutes) and the house now costa over $300k.

 

[Johnnyxsmit]

well we have a house near km4 (you can go to km4 by walking in less than 15 minutes) and the house now costa over $300k.

what size?

 

[Ahmed Ato]

what size?

i think it is 20 * 20.

 

[Johnnyxsmit]

i think it is 20 * 20.

Do you think when all the roads in the city are fixed and opened this area of the city will be this expensive?

 

[Ahmed Ato]

Do you think when all the roads in the city are fixed and opened this area of the city will be this expensive?

it is the opposite. lack of roads makes houses near km4 expensive.
what makes these houses expensive is lack of housing development and roads. when a lot of houses are built all over Mogadishu and roads, our house won't be worth the same. our house worth this much because it is near km4 but in the future if you can come to km4 quickly, people will be more attracted to live a bit far away from km4.

 

[Johnnyxsmit]

it is the opposite. lack of roads makes houses near km4 expensive.
what makes these houses expensive is lack of housing development and roads. when a lot of houses are built all over Mogadishu and roads, our house won't be worth the same. our house worth this much because it is near km4 but in the future if you can come to km4 quickly, people will be more attracted to live a bit far away from km4.

So are you going to sell now? While it is still expensive?

 

[Ahmed Ato]

So are you going to sell now? While it is still expensive?

i don't know but we are already have houses in new districts in Banadir. don't think we are moving out anytime soon. it is good to sell while it is expensive but i am not the one making the decision.

 

[Halimo-2018]

I rather buy land in the badiyo..even in somalia i wanna get as far away as i can from somalis lol balayo buiq badan

 

[Johnnyxsmit]

I rather buy land in the badiyo..even in somalia i wanna get as far away as i can from somalis lol balayo buiq badan

Very true. I think afgoyee is the best place... not too far away from Mogadishu, but more calm. Buy land there