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," mentioned another expat when asked about moving to Somalia.
Other Questions:
- What do I need to know before moving to Somalia?
- How do I find a place to live in Somalia?
- What is a typical expat home or apartment like in Somalia?
- What is the average cost of housing in Somalia?
- Should I buy or rent a home in Somalia?
- What should I pack when moving to Somalia?
- What cultural faux pas should I try to avoid making in Somalia?
- Why do people move to Somalia?
- What are healthcare services like in Somalia?
- What are medical services in Somalia like?
- What are typical rents in Somalia?
- What appliances are typically included in a rental?
Should I buy or rent a home in Somalia?
If you live in Somalia, newcomers to Somalia would love to hear your answer to this question.