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," said another expat in Somalia.
Other Questions:
- What do I need to know before retiring in Somalia?
- How do I meet people in Somalia?
- What is life like in Somalia?
- Is there a lot of crime in Somalia?
- Is there a lot of diversity? Are people in Somalia accepting of differences?
- What are the schools in Somalia like?
- Is the cost of living in Somalia high?
- What advice do you have for expats having a baby in Somalia?
- What are healthcare services like in Somalia?
- Is the cost of living in Somalia high?
- What type of recreational facilities are in Somalia?
- What is the weather like in Somalia?
- Are there good restaurants in Somalia?
- Where will I buy groceries and do other shopping in Somalia?
- What are the visa & residency requirements in Somalia?
- Are healthcare and health insurance expensive in Somalia?
- What do I need to know when buying property in Somalia?
- Are foreigners allowed to own property 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.
