Monday, Nov 23, 2009
Kabul the next hot thing in property!
BBC News: Property market in Afghanistan capital bucks trend
Tired of terraced houses in Stoke, Merthyr Tydfil and Doncaster? Bored of the same boxy two bedroom "Luxury Apartments" in the rougher parts of Liverpool, Leeds and Manchester? Well it's time to look abroad for the hottest thing in property, yes Afghanistan. get in while the going is good. Why not drop into your local Government Back High street bank and ask to borrow a few million to get into the new big thing in property, I'm sure Gordon will be more than willing to lend you some of our money.
Posted by bruce mcaaw @ 01:08 PM (1058 views) Add Comment
16 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. jack c said...
Another Money Laundering exercise involving property - "Most of those Afghans earned their money from contracts they have with the military and construction projects, although some acquired it from proceeds of the drug trade and buying property provides them with a means of laundering illicit gains"
2. Crunchy said...
This would be sick if there wasn't an element of future truth in it !
No matter where you may wish to buy, you are damned if you do, or don't in this current climate.
3. mr g said...
I remember an article in a Sunday broadsheet property section, probably in early 2006, extolling the virtues of buying property in Beirut which struck me as a pretty dumb idea given the volatile nature of the Middle East but this article takes the biscuit!
4. mark wadsworth said...
Gives a whole new meaning to "boom" and "bust"!
5. holding out said...
Perhaps we can persuade Krusty to do a series from there
6. icarus said...
The drug trade woulkd be a more important source of funds for this kind of investment than the BBC report implies. Drugs (opiates) generate about $3.5 bn p.a. in revenues within Afghanistan and rearly of that goes to farmers, government officials, police, local/regional power brokers and traffickers (i.e. not the Taliban or Al Qaeda).
7. jack c said...
@holding out - Krusty is on the question time panel Thursday 3rd December so perhaps we can pose this question to her.
8. Neilb said...
@ Mr G: Beirut is very nice. Its the Paris of the middle East
9. icarus said...
Like the bit about the guy who may be in danger because he knows where the rich people live. Er...would that be in the one-bed jerry-built flats?
10. jack c said...
mark wadsworth - looks like people will have to "shell out" a fair bit to get one of these properties
11. braindeed said...
There is stability with the new Government there- and they do posses mechanisms to blow the froth off any excess.....anyone else like to lick this toad?
12. mr g said...
Neilb@8
I'm sure you're right, it just doesn't appeal to me after the events of the last 25 years or more.
13. mark wadsworth said...
Jack C, as an independent financial adviser, perhaps you could go over there and help them sort out their "pensions timebomb"?
14. paul said...
I've heard people are just dying to live there.
Think of the killing you could make!
15. jack c said...
@mark wadsworth - I'm afraid Pensions are a minefield (and not just in Afghanistan)
16. symo said...
Would you mujahadeen it?