KABUL (SW) – In the wake of the Taliban take over, the house rents have fallen drastically in the capital Kabul.
Owners of a number of real estate offices in the capital told Salam Watandar the security crisis and regime change have hurt their business and reduced rents by 50 percent.
According to them, two months ago, as the security situation in the provinces deteriorated, house rents in Kabul increased, but with the change of regime in the country, house sales and mortgages have stopped and rents have fallen sharply.
Real estate dealers said that a house that used to earn a monthly rent of up to 15,000 afghanis is now rented for as low as 6,000 afghanis.
Meanwhile, economic experts in the country say that the current situation in the field of real estate has a negative impact on the country’s economy as well.
Ali Ahmad Shahab, an expert, blamed the current situation on a lack of cash in the labor market, saying that Afghanistan was entering a recession and that it did not seem to be short-lived.
Saifuddin Seyhoun, a professor at Kabul University’s Economics Department, said the current situation is only to the benefit of tenants, and that those who have invested in real estate are at a loss.
According to him, if the construction industry in the country stagnates, it will damage the country’s economy.
With the Taliban taking control of the country, the security situation has now improved and people who left their areas due to insecurity and lived in rented houses have returned to their native areas.
In addition, a number of citizens also left the country, which negatively affected the real estate business.
ENDS
