Friday, October 24, 2008

Afghanistan property for sale is not for the faint hearted

Afghanistan property for sale or rent is a new region to the world of investing and is not without difficulties at this stage of the war torn region.

Private real estate agents are still reluctant to explore or invest in a market that a World Bank study reveals that even though local businessmen have poured in a whopping $250m in construction activities in the country since 2001, very little of the money has gone into building homes. Most of it has been invested in luxury commercial buildings, thus assuring returns in a country starved of quality commercial space. Generally residents are erecting dwellings with little or no permission and land ownership is not without issues.

Afghanistan is one of the world's poorest countries, yet has shown good signs of emerging from its great economic slump. Plans are even underway to redevelop Kabul where a new development, called the City of Light Development, will incorporate both commercial and historical elements of the city by revitalizing the old war torn buildings and protecting shrines and temples.

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