Yeah my estimates of homes being in the 100k range is true. You said homes are 30k. There’s very few homes that are 30k that were built in the last 20 years. That’s also like 0.0000001%. Unhinged old man. It’s funny you won’t from saying there’s no 150k homes to now saying they’re 0.00001% of the population LOL. Just concede defeat. Also show me a new home that costs 30k like you said
Hargeisa Home Prices
- Thread starter SomaliRealist
- Start date
I doubt think most Somalis back home are renters, like @Mount23 said, they live on their generational land/homes. Their biggest challenge however, is finding the funds to improve their residential living standards. A proper roof/walls, indoor plumbing, doors with locks, etc.
In Hargeisa, a townhouse can easily be built on the outskirts (15k land, 40k building the homes). The homes would most likely be rented out (to young couples looking to leave their generational homes), as the average people cannot afford to buy a 45-50k home (locals really aren't out there looking to buy homes either).
The only people able to afford the 100k homes you see in SL are the ultra-rich locals and the diaspora.
In Hargeisa, a townhouse can easily be built on the outskirts (15k land, 40k building the homes). The homes would most likely be rented out (to young couples looking to leave their generational homes), as the average people cannot afford to buy a 45-50k home (locals really aren't out there looking to buy homes either).
The only people able to afford the 100k homes you see in SL are the ultra-rich locals and the diaspora.
This is the other thing like you said. The numbers quoted in figures you find online is flat out wrong sometimes. In person you’ll find some people are asking for crazy amounts and there’s actually some people willing to pay. Maybe it’s because I live in a nice area of hargeisa but few years ago the people that live across from my fathers house tried selling their land plus the house on top of it to my sister for 160k. She said no got her own land and built a nicer newer home the entire total for the land and home she spent $125,000
TekNiKo
Loyal To The One True Caliph (Hafidahullah)
You are absolutely right the demand for land is high and the supply is low. I wouldnt be surprised if Jigjigayar and other downtown xafaads are that price. Its one hundred plausible, Xamar and Hargaysa have a very low supply with alot of demand = exorbitant prices.
I live near madaxtooyada and jigjigayar is the next district over from me. Land in both areas is very expensive these days
Also I think it’s very hard to even put land prices in a specific range these days. It really depends on the side of town and even then it’s completely up to the seller to charge whatever he wants. There’s plenty of diasporans coming in and paying crazy amounts which ends up raising the market for everyone else too. If I’m a local and I know how much my neighbor just sold his stuff for, do you think I’m asking for anything considerably less or placing it in that market range too?
Oh yeah things like being along the main road can also make a land more expensive. Prime real estate. This was like 2016 but I know a guy who wanted to buy a large stretch of land enough to put a gas station and a average sized shopping mart with parking near jigjigayar area. It was along the main road that goes in front of sacadadiin furniture store if you pass it for another 5-10 minutes or so. The people he wanted to buy the land from ended up asking for $1 million lol he said hell no. People aren’t stupid if you are wanting a large land in front of a main road in a busy area they know you gonna use it for business. And they know you’ll probably make good money from it
Were you dropped as a child, who do you think is going to believe your nonsense? Yesterday you showed a favela market and said it was worth 2 billion and today you want people to believe homes without sewage and water pipes go for the same price as in some American cities?
Well you come from a desert wasteland so I know it’s hard for you to understand. There’s also been $150k hargeisa home thread posted on this very forum before. Try to cut your inferiority complex down a little bit
Grigori Rasputin
Former Somali Minister of Mismanagement & Misinfo.
Staff Member
Wariyaha SomaliSpot
He is devoid of reality. He thinks he knows better than I. I’ve gone back every 3 years. My family is heavily invested in the shithole.
They’d even tell you that “you can’t trust what you invest there. Any war can break out. If a war breaks the land price will drop like a hot potato. Folks think SL is settled. It is one elections away from bloodshed. It’s very fragile. The Garxajis vs the HA vs HJ is boiling beneath the scenes.
inflation keeps happening every given year. 5% have hoarded the wealth and 95% struggle to feed their families. I mean what could happen ?
I live in hargeisa you live in another universe. You said houses are $30k in hargeisa. You’re a liar. And somalilands security is alright. You attempting to wish fitna amongst the community from your western armchair is despicable.He is devoid of reality. He thinks he knows better than I. I’ve gone back every 3 years. My family is heavily invested in the shithole.
They’d even tell you that “you can’t trust what you invest there. Any war can break out. If a war breaks the land price will drop like a hot potato. Folks think SL is settled. It is one elections away from bloodshed. It’s very fragile. The Garxajis vs the HA vs HJ is boiling beneath the scenes.
inflation keeps happening every given year. 5% have hoarded the wealth and 95% struggle to feed their families. I mean what could happen ?
You can buy a 3 bedroom property for under $30k in Istanbul currently https://www.hepsiemlak.com/istanbul-satilik-3-1?p32=375000&p33=1
Turkey is a upper-middle income country that has a GDP per capita that is 12x higher than Somaliland, yet you’re saying you can get cheaper and better property there in their capital than in Somaliland?
