KABUL COMMERCIAL PROPERTY BALLOON BURSTS AS NATO PLANS PULLOUT
April 1st, 2012
BY RAHIMULLAH YUSUFAI
AFTER a decade of boom in property prices, a downslide is visible in anticipation of the withdrawal of US-led NATO forces from Afghanistan by 2014 and the consequent decrease in international aid; roughly 97% of the war-ravaged country's gross domestic product according to the World Bank.
The value of real estate in the capital, Kabul, and elsewhere in Afghanistan's urban centres is falling amidst dropping sales. Property dealers late last year estimated commercial and residential sales were down in 2011 nearly 40% year-on-year due to ...
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