Property Market Boom in Somalia's Mogadishu

Publisher:
Al Jazeera English
Publication Date:
14 October 2012
Tags:
Somalia, Economy, Business and Finance

The property market in the Somali capital, Mogadishu, has boomed since the government pushed out al-Shabab fighters.

The most peaceful period in the city in over two decades has brought thousands of ex-pat Somalis back to their homeland.

But with speculators hoping to turn a profit behind most of the investments in new properties, prices are skyrocketing while hundreds of thousands of internally displaced, only kilometres away, live in poverty.

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