The Benadir Regional Administration has announced plans to regulate the price of rental units in Mogadishu.
Information from the administration indicates that local officers are concerned with the high rate of rents paid for residential and commercial properties in the area.
Lately, the real estate business in the nation’s capital has been on the rise.
Consequently, property owners and realtors have pushed the rent prices to stratospheric levels thus making them unaffordable.
