Editor in Chief: Moh. Reza Huwaida Wednesday, September 19th, 2018

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Property Prices Rise Up in Kabul City

Dear Editor,
It is a war torn city where militant Taliban insurgents frequently blow up bombs but Kabul the capital city of Afghanistan is also experiencing a mini property boom these days. Part of this is due to the fact that international agencies are willing to pay to acquire properties in the best locations of the city but also wealthy Afghans are buying again having had their fingers burned in badly hit real estate markets such as Dubai.

The property market has few controls and indeed, it is very likely that a lot of money used to buy real estate comes from the illegal drug trade, but enough people are investing to create a demand. In fact, day to day the living process in Kabul city for the poor people is becoming so tough that even most of them can't afford to pay the rent of a single house they are living in due to costly rate in the market. Generally, day-to-day life in Kabul remains relatively unaffected despite the global downturn.

On the other hand, with a population of 3.9 million people, the city doesn't have the capacity to absorb them which in turn increases the prices for every property. The majority of Afghans living in Kabul arrive from neighbouring provinces and areas where there is insecurity; they are no longer safe in the area they live. In conclusion, the issue is really concernable for the government to do something before it explode the living process for the poor people.

Warmest Regards
Fazal Ali Qasimi
Taimani, Kabul