CNN.com - Top Stories: World's most improbable property booms

CNN.com - Top Stories
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World's most improbable property booms
Nov 18th 2012, 07:03

In 2010, reports of Somali pirates pouring into Nairobi's middle- and upper-end property market began to emerge from the Horn of Africa. Laden with sacks of cash, these rogue investors were said to be converting illegally-acquired ransom bounty into commercial and residential real estate in Nairobi's bustling Eastleigh district. Property prices in Eastleigh -- the long-time centre of Kenya's Somali community -- reportedly doubled as some $100m entered the market.

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