Why real estate investors should follow global population trends
Beachfront huts in Somalia may be the best real estate investment in the world today due to population growth trends
Property experts predict that the Indian Ocean will be the “Atlantic of the next generations”, with the surf-beaten golden sands that stretch north from Mogadishu making excellent holidaying territory for the Asian middle classes, several decades hence. (Photograph: Getty Images)
The best real estate investment in the world today? Beachfront huts in Somalia. That is according to Hans Rosling, a Swedish public health professor and data visualisation pioneer. A statistical geek is an unlikely source of property investment advice but Rosling’s rationale is convincing — and it is one that professional property developers such as Barratt and Klépierre are already putting into practice.
