Property

Imagine you're weighing the potential of your next big investment. Wouldn't it be intriguing to know that the humble rental yield might just be your crystal ball? Gross rental yield is much like a financial compass for many investors, acting as a core metric to measure the rental income's annual return against a property’s purchase price. It’s fascinating how this indicator helps us candidly evaluate property markets globally. As of June 2024, we delve into the dynamics shaping these yields—a portrayal…

Bridging Africa and the World In the bustling world of real estate, where technology and tradition often intersect at disjointed paths, Immobilium stands out as a harmonious blend of both. Founded by visionaries like Sasha Poparic and Lazaros Georgiadis, this pioneering company is redefining the realm of property transactions. They seamlessly integrate technology with decades of human expertise, ushering in a new era where the buying and selling processes are not only secure but inherently sound. Have you ever pondered why…

In a bold move aimed at tackling Spain's escalating housing crisis, Prime Minister Pedro Sanchez has put forth a proposal to tighten the reins on who can buy property in the country. This initiative stems from pressing concerns about affordability, as countless individuals and families are increasingly being priced out of the housing market. Just a week earlier, Sanchez stirred the pot by suggesting a hefty tax—potentially reaching 100%—on property transactions. This recommendation comes amid a backdrop of rampant demand…

Mogadishu (AX)—On Monday, a stern caution resounded from Salah Ali Mohamud, the presiding judge of the Banadir Regional Court, aimed squarely at the district leaders of Mogadishu. His message was clear: stay out of court matters pertaining to land and property squabbles. Only the judicial system, not local district bigwigs, has the clout to handle and enforce legal verdicts in these disputes. Making his stance crystal clear, Mohamud put out a potent statement directed at the district officials who lately seemed to imply…

Somalia's Speaker Prohibits Press Conferences at Parliamentary Site Mogadishu, September 8, 2024 - Sheikh Adan Mohamed Nur Madobe, the Speaker of Somalia's House of the People, has enacted a sweeping ban on press conferences both within and around the parliamentary premises. This decision, unveiled last Friday, has ignited discussions surrounding the openness and accessibility of the media in Somalia. The announcement comes on the heels of heightened political strife, particularly after a recent press conference…

In Burkina Faso, the legal soap opera between the Bolloré group and SopamSA - a company of Burkinabè businessman Mohamed Sogli - continues. The latter is suing the French group for damages incurred during the transport of an electricity group from France to Burkina Faso. as reported from Ouagadougou, Yaya BoudaniIn 2010, the…