Somalia, a country once ravaged by two decades of civil war, is experiencing a remarkable transformation in its real estate sector. After years of instability and destruction, Mogadishu, the capital city, is witnessing a surge in housing development, driven by the return of diaspora Somalis and the influx of investment from newly wealthy businessmen. This article explores the emergence of affordable...
Somalia's real estate industry has witnessed massive development in recent years, contributing to the urbanization and infrastructure growth. This study aims to investigate the determinants of residential property rents in Somalia and assess whether these rents are fairly valued. By employing a two-stage modeling approach, the research provides insights into the factors influencing rental prices and the...
Somalia, a country with a population of 15.8 million, faces a significant housing crisis. With 60% of the population residing in rural areas and a growing urban population, the demand for housing is outpacing supply. The country's GDP in 2020 was $7,628 million, with a per capita income of $502, and almost 70% of the population living on less than $1.90 per day. This article explores the challenges and...
Africa's real estate sector is experiencing significant growth driven by the thriving tourism industry. The continent's diverse cultural heritage, natural attractions, and economic opportunities have positioned it as a prime destination for travelers and investors alike. This article explores the symbiotic relationship between tourism and real estate development in Africa, highlighting key factors,...
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