Why it is not a good idea to buy a home in Somalia anytime soon.

[RoyalNortherner]

What people need to understand is that Somalia is a massive country by size. This means that most land in Somalia is actually barren empty with pockets of dingy towns in between then the major cities which are less than a handful.

You may have seen some luxury neighbourhoods in Somalia that have homes for sale and was even tempted. Then some of you may have seen the price tags: $200k+ for a house and thought that is too high. Well it is high! These developers know that this is the only time in history where they can make the most profit. It is all about supply v demand. There is great demand but no supply.

So you may buy a luxury house for 200k which in 20 years would be worth 80k because a lot of developers have entered the market and built all around the country.

 

[RedBlue911]

Exactly, it's hard to even tell what's a nice neighborhood as there is so much change happening year after year. Unless you have specific family history to the area in which the house you want to buy, it's not a good idea. You should try to instead buy land and build the property yourself after some years.

 

[EyiPunter]

I've seen some realtor in Mogadishu selling a house that look like it was a torture room wly. This ninja was adamant about 100k. The comments section was roasting him about the house

 

[RoyalNortherner]

Exactly, it's hard to even tell what's a nice neighborhood as there is so much change happening year after year. Unless you have specific family history to the area in which the house you want to buy, it's not a good idea. You should try to instead buy land and build the property yourself after some years.

Yes right on buy land if you want to

 

[RoyalNortherner]

I've seen some realtor in Mogadishu selling a house that look like it was a torture room wly. This ninja was adamant about 100k. The comments section was roasting him about the house

Would you look at that confidence. Developers are t trying to sell houses in Somalia for European prices smh

The funny thing is, it is the diaspora who will fall for it lmao

 

[EyiPunter]

Would you look at that confidence. Developers are t trying to sell houses in Somalia for European prices smh

The funny thing is, it is the diaspora who will fall for it lmao

There one upside in Mogadishu renting a house of 3bd 2b is 300 USD. This also includes the new apartment that look like towers also, but Mogadishu is a great place to purchase a house if your gone move there.

 

[RoyalNortherner]

There one upside in Mogadishu renting a house of 3bd 2b is 300 USD. This also includes the new apartment that look like towers also, but Mogadishu is a great place to purchase a house if your gone move there.

I am currently sticking to my qabiil stronghold until Somalia as a whole standardises property laws with proper systems in place. Can't risk any investment right now.

For now renting and land ownership sounds like a good idea not house purchase.

 

[HuunoHunter]

I am currently sticking to my qabiil stronghold until Somalia as a whole standardises property laws with proper systems in place. Can't risk any investment right now.

For now renting and land ownership sounds like a good idea not house purchase.

Exactly I advise all Somalis build up their tribal lands for the time being.

 

[Killamenace78]

This is only a problem in massive cities but in other places you can get a great house for 30-50k

 

[Sharab]

You can buy a land for a decent price

 

[Hotchick12]

What people need to understand is that Somalia is a massive country by size. This means that most land in Somalia is actually barren empty with pockets of dingy towns in between then the major cities which are less than a handful.

You may have seen some luxury neighbourhoods in Somalia that have homes for sale and was even tempted. Then some of you may have seen the price tags: $200k+ for a house and thought that is too high. Well it is high! These developers know that this is the only time in history where they can make the most profit. It is all about supply v demand. There is great demand but no supply.

So you may buy a luxury house for 200k which in 20 years would be worth 80k because a lot of developers have entered the market and built all around the country.

What people need to understand is that Somalia is a massive country by size. This means that most land in Somalia is actually barren empty with pockets of dingy towns in between then the major cities which are less than a handful.

You may have seen some luxury neighbourhoods in Somalia that have homes for sale and was even tempted. Then some of you may have seen the price tags: $200k+ for a house and thought that is too high. Well it is high! These developers know that this is the only time in history where they can make the most profit. It is all about supply v demand. There is great demand but no supply.

So you may buy a luxury house for 200k which in 20 years would be worth 80k because a lot of developers have entered the market and built all around the country.

It’s better to buy lands in the outskirts cuz the city is always expanding

 

[RoyalNortherner]

It’s better to buy lands in the outskirts cuz the city is always expanding

Of course as I said, buy all the land you need

 

[Celery]

You forgot the part where someone and their uncle can show up with AK47s and just take it.

 

[soomal__.nur1]

You forgot the part where someone and their uncle can show up with AK47s and just take it.

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[RoyalNortherner]

You forgot the part where someone and their uncle can show up with AK47s and just take it.

That is why I said buy in your Qabiil stronghold above LOL

 

[mr.overeasy]

Exactly I advise all Somalis build up their tribal lands for the time being.

Good idea, building across the nation is a good idea because it will allow rapid expansion since we aren't just building in one city.

 

[mohamedismail]

This is only good advice for those buying a house as an investment not to actually live in.

 

[𐒁𐒚𐒒𐒂𐒘𐒂𐒗 𐒎𐒚𐒗𐒗𐒒]

I agree with everyone who said to stick to your own deegaan. Whatever you do, don't buy property anywhere your family doesn't have historic and present roots/power in. As in, if the proverbial hits the fan, if you cannot sit down with local authorities or clan elders, don't buy it. Learn from the 1991 civil war (Mogadishu), many people lost their land and properties, and when they tried to get it back decades later, they were killed. It's not worth it at all.

Also, even in areas where your people are the majority, you can still encounter annoying people that try to pretend it was their land first. Make sure you buy from the real owner and get legal paperwork, authorised by local municipality and so forth.

 

[Celery]

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Mogadishu for sure. Criminals work with their family members inside the so called government to rob you of everything.

 

[soomal__.nur1]

Mogadishu for sure. Criminals work with their family members inside the so called government to rob you of everything.

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