Somalia

Property for sale in Somalia

Somalia is an East African state located in the horn of Africa. It borders Djibouti to the north, Ethiopia to the west and Kenya to the southwest.

Its capital is Mogadishu.

The situation in the Somali real estate market is not easy due to the civil wars in the country since 1991, but despite this, it is one of the growing sectors in the Somali economy.

If you are looking for property for sale in Somalia the key factors for the demand for property development include the political stability that created a favorable environment and as a result has attracted foreigners to buy property for sale in Somalia.

There are various investment opportunities in the sector thanks to the growth of the construction of residential properties and apartments and other premises.

For those willing to buy property for sale in Somalia, the return of peace and the formation of a federal government have brought stability to the economy, which means that the area is safe for long-term investments. The Government is investing in infrastructure such as roads, railways, ports and communication routes.

The most interesting cities from the point of view of the real estate market and number of properties for sale in Somalia are Berbera, Mogadishu and Bosaso.

The city of Berbera is closely linked to its mercantile past and the city is still known as the main port of the horn of Africa.

Mogadishu is the capital, offers several opportunities for property for sale in Somalia, but the situation is not yet easy and the offer is not very wide.

 Bosaso is a very lively city, has about 700,000 inhabitants and is constantly growing.

New schools and infrastructure have been built, and Dubai has contributed by investing millions of dollars in the local airport.