Sharp drop in real estate prices in Kabul as NATO leaves – 50%

Kabul. March 18. Silkroadnews – The real estate prices drop by 50% in Kabul as the economic and political future of Afghanistan after the exit of NATO forces remains unclear. The Tolo TV Channel reports this, quoting Kabul Property Dealers Union.

"In the past years, one acre of land was around $90,000 to $100,000 while today, the same land is worth anything from $40,000 to $50,000, houses" said property dealer Ahmad Shah Sahel.
It is highlighted that the rent prices have decreased in such affluent areas as Shahr-e-now and Wazir Akbar Khan.

"Leasing has increased because many people don't buy houses and they prefer to lease it so that when they need the money they can take it, while if they have purchased a house, they can't sell it" said property dealer Najeebullah.

Property dealers think that property prices were artificially maintained for the last 11 years, they are now to reflect the reality of the local real estate market in 2014.