House Prices Fall By 50% In Kabul As Migration Level Rises: Report

House Prices Fall By 50% In Kabul As Migration Level Rises: Report

House Prices Fall By 50% In Kabul As Migration Level Rises: Report

As per sellers, property gross sales have sharply fallen, lease costs have gone down by 50% (Representational)

Kabul:

After the Taliban’s messy takeover of Afghanistan final month, the true property costs and home lease has fallen drastically in Kabul, Tolo News reported citing actual property sellers as saying.

According to sellers, property gross sales have sharply fallen and lease costs have fallen by 50 per cent.

The sellers mentioned enterprise has decreased dramatically as lately persons are not shopping for homes as a result of they both shouldn’t have sufficient cash or are attempting to go away the nation.

Some homes, in response to sellers, stay empty as renters have left the nation.

Mohammad Yousuf, a property supplier in Kabul mentioned that he has been dealing in actual property for the previous 13 years and home lease costs have fallen by 50 per cent.

“House lease costs have fallen roughly by 50 per cent. If earlier than this a home was rented for 20,000 Afs, now its lease is 10,000. The costs will fall additional as a result of persons are migrating and usually are not involved in dwelling within the nation,” Tolo News quoted Yousuf as saying.

Other residents, nevertheless, welcomed the lower in lease costs. Khalilurahman, a resident of the township, mentioned: “It is nice information that the lease worth has decreased. But the issue is that the majority residents of the township have been workers of the previous authorities they usually haven’t been paid their salaries.”

Meanwhile, another residents of Kabul voiced their issues over the worsening financial state of affairs and referred to as on the Taliban authorities to handle the issue.

“Will the required providers, and guarantees made to the folks, be applied? We hope that employment alternatives are offered for the folks, and we get out of poverty,” Tolo News quoted Khawja Mohammad Shafi, a Kabul resident as saying.

Afghanistan plunged into disaster final month after Kabul fell to the Taliban and the democratically elected authorities of former president Ashraf Ghani collapsed. The seizure of energy has pressured hundreds of Afghans to flee for worry of reprisals from the outfit.

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