Seyi Rhodes and producer Daniel Bogado travel to Gaza to reveal what must be
one of the world's most unlikely property booms. And in this war-torn
territory, “Location, Location, Location” means finding an apartment in one of the
highly sought after areas which are usually not shelled
or hit by missiles – as well as close to a good school and shops.
Unreported World team meets Essam
Mortja, an estate agent and property developer who says his property business
is booming. He shows them some of the glitzy properties he's helped sell at
prices of up to US$3 million. Property prices for luxury villas and apartments in
elite areas like El Remal are on par with London and New York.
explains to the team how the conflict with Israel has actually been a driving
force behind this incredible real estate boom. Israel’s blockade against Hamas
means that movement of people and goods are restricted. Two million Palestinians are trapped in this
25 mile strip of land, making it one of the world’s most crowded places. So any
place with low supply and high demand will see prices go up. But also, every
time there’s conflict Israel destroys some homes, which worsens the housing
shortage and drives prices up even further.
'... excellent international strand...'
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