Believe it or not that’s what this house in the picture is worth. The story is the same everywhere you go around Port Moresby. The inflammatory figure of real estate is so wide that real estate companies are laughing all the way to the bank. For ordinary citizens, this is by far too much and unlikely to be affordable for most. I had an agent call me up to inspect the property at Hohola 2 and judging from the house itself it wasn’t worth the cost. An insider in the real estate at one stage informed me that this was due to the normal market force of demand and supply. When demand is high and supply is low, the price of things rise but the opposite is demand is low and supply is high , there is a tendency the prices will fall. In reality sadly many houses are sprouting up in squarter settlements in and around the city today as a result of this.If you would like to get in touch with the agent call Katherine on 76896913
You are dreaming mate 280K for this run down house Is it even free hold or 100 year lease ???
ReplyDeleteseriously, you would have renovated it. It doesnt worth it!!!!
ReplyDeleteK280000 for that shithole?? I think I'll pass thank you :)
ReplyDeleteseriously, you would have renovated it. It doesnt worth it!!!!
ReplyDeleteFunny old house going for K280000.
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ReplyDeleteI have read all the comments and suggestions posted by the visitors for this article are very fine,We will wait for your next article so only.Thanks! Property for Sale
ReplyDeleteIs this K280,000 still on the market
ReplyDeleteIs the property still on the Market?
ReplyDelete