World's unlikely property booms

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.

Source: http://edition.cnn.com/2012/11/18/business/improbable-property-booms/index.html?eref=edition

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