Mogadishu property boom stirs concern
Prices skyrocket in newly peaceful Somali capital while refugees continue to live in poverty.
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 Somali expatriates 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.
Al Jazeera’s Nazanine Moshiri reports from Mogadishu.
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Posted by QOL Admin
on October 16, 2012. Filed under News in English, Warka Maanta.
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