Somalia has recently seen a resurgence of it’s real estate industry and is fast becoming one of the most expensive places to buy land in Africa. With the newly found political stability of the country Somalia’s diaspora are flocking back home in what has been described as a gold rush of real estate investments, pushing house prices up and beyond the affordability of the locals, osman abdi a local of the Hodan district of Mogadishu told us four years ago we could afford to buy a land at any of the sea side districts but now with all the real estate investments coming from the diaspora house prices have risen to unprecedented levels in recent history. It’s not only individual investers from the diaspora who are doing the heavy lifting with high returns, But some of Somalia’s biggest trading companies such as salaam Somali bank and Hormuud telecom have undertaken huge projects to build from scratch brand new residential suburbs in some of Somalia’s major cities, In what can only be described as dubai like ambitions. Somalia one of the most geo-economicly strategicly placed countries in the world, Could soon take it’s rightful place in the world and become the new hub of world trade and commerce.
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