Real Estate in Somalia
Last updated on Mar 06, 2024
Summary: An expat searching for a home to buy in Somalia should start by researching the local real estate market. It is important to understand the local laws and regulations regarding foreign ownership of property in Somalia. Expats should also consider the type of amenities they are looking for in a home, such as access to public transportation, nearby schools, and other amenities. Foreigners are allowed to own property in Somalia, but there are certain restrictions. For example, foreigners are not allowed to own land in Somalia, but they can own buildings and other structures. Additionally, foreigners must obtain permission from the Somali government before purchasing a property. Homes in Somalia typically include basic amenities such as running water, electricity, and sanitation. Many homes also have access to public transportation, nearby schools, and other amenities.
How do I find a place to live in Somalia?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Somalia can be a challenge. It is important to research the area you are interested in living in and to be aware of the security situation. It is also important to consider the cost of living in the area and to make sure you have access to basic amenities such as water, electricity, and transportation. It is also important to consider the availability of housing and to make sure you are comfortable with the local culture and customs. It is also recommended to speak with locals and to ask for advice on the best places to live. Additionally, there are a number of online resources that can provide information on housing options in Somalia," said one person in Somalia.
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What is a typical expat home or apartment like in Somalia?
"Expat homes and apartments in Somalia tend to be modern and comfortable, with amenities such as air conditioning, internet access, and satellite television. Many expats choose to live in secure compounds, which offer additional security and privacy. Expat homes and apartments in Somalia are typically well-furnished and equipped with modern appliances. Expats may also have access to a swimming pool, gym, and other recreational facilities," said one person in Somalia.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Somalia?
If you are thinking about moving to Somalia, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Somalia varies greatly depending on the location and type of housing. Generally, housing in Somalia is relatively inexpensive compared to other countries, with basic housing costing significantly less than more luxurious options. Rent for a basic one-bedroom apartment in a city center can range from $50 to $100 per month, while a more luxurious apartment can cost up to $500 per month," explained one person living in Somalia.
Should I buy or rent a home in Somalia?
If you have not spent a lot of time in Somalia, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Somalia can be a great investment, as the country is currently experiencing a period of economic growth and stability. However, it is important to consider the risks associated with buying property in a developing country. Renting a home in Somalia may be a more cost-effective option, as it allows you to avoid the upfront costs associated with buying a home and gives you the flexibility to move if needed. Additionally, renting a home in Somalia can provide you with access to amenities and services that may not be available in a purchased home. Ultimately, the decision to buy or rent a home in Somalia should be based on your individual needs and preferences," remarked one foreigner who made the move to Somalia.
What do I need to know when buying property in Somalia?
When we asked expats what advice they would give a foreigner before buying a property in Somalia, they said:
"1. It is important to research the local laws and regulations regarding property ownership in Somalia before making any purchase. 2. It is also important to be aware of the security situation in the area where you are looking to buy property. 3. It is advisable to hire a local lawyer to help you with the legal aspects of the purchase. 4. It is important to ensure that the property is free from any liens or encumbrances before making a purchase. 5. It is also important to be aware of the local customs and traditions when buying property in Somalia. 6. It is advisable to obtain a title deed for the property, which will provide proof of ownership. 7. It is important to be aware of the taxation laws in Somalia, as this may affect the cost of the property. 8. It is also important to be aware of the local infrastructure and services available in the area where you are looking to buy property," said one person in Somalia.
Are foreigners allowed to own property in Somalia?
When we asked expats what advice they would give a foreigner before buying a property in Somalia, they said...
"Foreigners are not allowed to own property in Somalia. The Somali Constitution does not recognize foreign ownership of land or property. The only way for a foreigner to own property in Somalia is to purchase it through a Somali citizen or company. This is done through a lease agreement, which allows the foreign investor to use the property for a certain period of time. The lease agreement must be approved by the Somali government before it can be enforced," explained one foreigner living in Somalia.
What appliances are typically included in a rental?
We asked foreigners in Somalia what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Somalia, rental properties typically include basic kitchen appliances such as a refrigerator, stove, and oven. Other common appliances include a washing machine, air conditioner, and water heater. Depending on the property, some landlords may also provide additional appliances such as a dishwasher, microwave, and television," said one foreigner living in Somalia.
Additional Information about Searching for a Home in Somalia:
We asked foreigners in Somalia what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Somalia by looking for local real estate agents who specialize in helping expats find homes. They can also search online for listings of homes for sale or rent in Somalia. Additionally, expats can ask friends and family who are already living in Somalia for advice on where to look for homes," said one foreigner living in Somalia.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.