It is one of the ways to launder money that Somali pirates buy houses in Nairobi. Somali government had almost fallen after civil war and Somali lost order and peace. Pirates appeared in such disorder.

But there is a place in which house prices have doubled in the past three years. Where is it and why? It is Kenya’s capital Nairobi. And the reason is very strange. Kenya is the neighboring country to Somalia, where is notorious for pirate…

The prices of real estate all over the world have been going down since the Lehman shock. Property prices in the United States have fallen almost 30 per cent in the last three years. Average prices of real estate in Japan have gone down in…