Located in the horn of Africa, Somalia is a country having an informal economy. It shares its borders with Ethiopia, Djibouti, Kenya, among others. It has a large coastline and has landscapes mainly consisting of plateaus and plains. Having a long history that has given rise to a diverse and unique culture today. The economy of the nation is slowly shifting towards industrialization and manufacturing from the existing sectors of livestock and agriculture.
What makes Somalia unique?
Being battered by many civil wars and negative publicity, there is a common misconception that the country is unsafe to visit and live. However, there has been a massive change and development in the stability and quality of the country. Tourism is slowly on the rise thanks to its many attractions including long beaches, waterfalls, diverse wildlife, and historical sites. There are many sites dating back thousands of years which are some of the main tourist attractions of the country.
Is it sensible to invest in property in Somalia?
If you are considering buying property in Somalia, there are a lot of options available to you. From single houses, apartments, studios, villas and land, there is something for everyone in the real estate market. As it is still an underdeveloped market, it is easy to get property deals at very cheap prices compared to other developed nations and locations. With its economy slowly on the rise, Somalia has become a prime destination for real estate investors and buyers. As a home buyer, you do not have to worry about any restrictions or laws that can hinder your purchase. By choosing a reliable real estate firm, you can get your hands on the keys to your brand new home in just a short period of time. With the cost of living being quite low it is an affordable place to live and retire.