Property for sale in Turkmenistan
Turkmenistan is a central Asian state bordering Afghanistan, Iran, Kazakhstan and Uzbekistan. It overlooks the Caspian Sea. Until 1991 it was part of the Soviet Union. It is rich in gas fields and its capital is Ashgabat.
Are you interested in a property for sale in Turkmenistan? Turkmenistan has the fifth largest natural gas reserve in the world, but also one of the most corrupt and repressive governments in the world so it is not a good place where looking for a property for sale. Until recently, the great Turkmenbashi Niyazov, through a huge personality cult, has concentrated the power totally in his
hands, controlled the media, forbidden the opera, the ballet, the beards, the long hair and the reproduction of music recorded during public events.
Turkmenistan allows the lease of land to foreigners, for any period. But the risks are high. Last but not least is the exchange rate risk presented by the currency of Turkmenistan, the Manat. While the real estate sector has been successful in many parts of the world, there is at least one booming place: Turkmenistan.
In the centre of the city, the expropriations continue while the former Soviet neighbourhoods are razed to make room for large green open spaces and new streets dotted with buildings. In addition to the administrative buildings, dozens of residential buildings with marble facades have also materialized. So this projects can offer many properties for sale in Turkmenistan.
The two big players in this building boom are French and Turkish companies, and the competition is getting tough. Of course, Ashgabat is not the only place that benefits from the building boom. Lots of money pour into a planned tourist area in the port city of Turkmenbashi.
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