Somalia

Mogadishu's Real Estate Market Seeing Increase in Demand

Thanks in part to improved security situation

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Mohamed Nor's phone rings constantly, kept busy by the property hunters who want to own a piece of Mogadishu. Other clients sit on a chaise longue inside his airy office in the battle-scarred Somali capital, waiting patiently for the real estate agent's attention.

"Yes, we have any sort of property," Nor tells one caller. "Come to me today so I can show you some."

This seaside city's real estate market has seen an upsurge in demand over the last two years, thanks in large part to security gains made following the ouster of the al-Qaida-linked insurgents of al-Shabab. Although Mogadishu and other parts of Somalia are still a long way from firm stability and suffer the occasional militant attack, property brokers such as Nor now answer the many calls of ordinary Somalis who want to invest their money at home.