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 (1484 views)
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16 Comments

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"

Monday, November 23, 2009 02:47PM Report Comment
 

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.

Monday, November 23, 2009 02:49PM Report Comment
 

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!

Monday, November 23, 2009 03:00PM Report Comment
 

4. mark wadsworth said...

Gives a whole new meaning to "boom" and "bust"!

Monday, November 23, 2009 03:14PM Report Comment
 

5. holding out said...

Perhaps we can persuade Krusty to do a series from there

Monday, November 23, 2009 03:22PM Report Comment
 

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).

Monday, November 23, 2009 03:29PM Report Comment
 

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.

Monday, November 23, 2009 03:30PM Report Comment
 

8. Neilb said...

@ Mr G: Beirut is very nice. Its the Paris of the middle East

Monday, November 23, 2009 03:32PM Report Comment
 

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?

Monday, November 23, 2009 03:38PM Report Comment
 

10. jack c said...

mark wadsworth - looks like people will have to "shell out" a fair bit to get one of these properties

Monday, November 23, 2009 03:57PM Report Comment
 

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?

Monday, November 23, 2009 04:35PM Report Comment
 

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.

Monday, November 23, 2009 04:48PM Report Comment
 

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"?

Monday, November 23, 2009 05:16PM Report Comment
 

14. paul said...

I've heard people are just dying to live there.

Think of the killing you could make!

Monday, November 23, 2009 07:12PM Report Comment
 

15. jack c said...

@mark wadsworth - I'm afraid Pensions are a minefield (and not just in Afghanistan)

Monday, November 23, 2009 10:08PM Report Comment
 

16. symo said...

Would you mujahadeen it?

Tuesday, November 24, 2009 08:17AM Report Comment
 

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