Somali real estate is a JOKE

[Mercury]

These guys taking out numbers out their ass

 

[Mercury]

And this one cost half off that and looks modern and interior is dope

 

[Rorschach]

Absolutely ridiculous. How can they justify these prices? Cuz some xoolo is willing to pay that. Remittance although crucial has ruined whatever economy we have. These people do simple grocery shopping using dollars.

 

[Based]

Mogadishu real estate is expensive and booming. That dabaq is probably built in an expensive neighborhood and you don’t have to deal with the hassle of building the actual house and buying materials for the interior and exterior.

 

[killerxsmoke]

These guys taking out numbers out their ass

its location

 

[repo]

It's the corrupt local politicians that pay those prices. Even diaspora can not afford it.

 

[killerxsmoke]

It's the corrupt local politicians that pay those prices. Even diaspora can not afford it.

they can

 

[GaradShabeel]

Mogadishu real estate is expensive and booming. That dabaq is probably built in an expensive neighborhood and you don’t have to deal with the hassle of building the actual house and buying materials for the interior and exterior.

Tbh, it’s not limited to Mogadishu/Somalia. It’s the same in other places that I’ve observed in Ethiopia like Addis. Just exorbitant prices in comparison for what you get.

This doesn’t apply just to residential places for sale, but also rentals. I was scrolling through rental sites not too long ago, and you literally have to pay 3-4 times the amount in Addis than you would in Nairobi for the same type of property/location.

Ultimately, it’s part to do with price gouging and not having proper regulations. But mostly boils down to the fact that not enough properties are being built, and the supply doesn’t match the demands. Which in turn keep the prices ridiculously high.

 

[repo]

they can

OK I can't afford it, I was hiding behind all diaspora.

 

[Waa dhamatay]

Why would you pay that much money for something that’s probably going to get bombed

 

[killerxsmoke]

Why would you pay that much money for something that’s probably going to get bombed

since when were peoples houses bombed

 

[Zo206]

@Mercury go back to where u came from go back 2 yo planet nigga

 

[LasanoodBoy]

We sold a housing plot we owned in the most exclusive area of Medina for 30000 dollars in 2010 when you had Al Shabaab controlling almost all of Mogadishu. There was a nice Villa located on the ground before 1991, so it was the land itself we sold the house itself was destroyed and gone. I can only imagine how much that plot will had gone for now in 2023.

 

[Rakoon]

The more they bomb Mogadishu , the more the prices go up

 

[Qeelbax]

Why are modern somali houses so ugly? Are the builders colorblind. They always choose the ugliest colors. And why is there a yellow tint on the windows. The houses I saw in Mogadishu vs Nairobi were like night and day.

 

[Hodan from HR]

The antique buildings in Muqdisho have unique architecture and historical significance, and have stood the test of time.

The house in the first video is in need of some renovations, however, some people still prefer the unique character of older buildings over the modern, replicated structures that have become commonplace..

 

[beauty_queen]

get me a house in Zanzibar not somalia

 

[hinters]

It's the corrupt local politicians that pay those prices. Even diaspora can not afford it.

370,000 dollars for a house is cheap here in America.