On my most recent trip, I visited Baku, Azerbaijan. The political and economic heart of this oil-wealthy nation, Baku had seen a large exodus of expatriates starting in 2014 due to falling oil prices. These departures and an overall weak economy brought rents down significantly. Over the last two years, rents have started to recover, and the sources I met with indicated moderate price increases in certain areas. While oil prices have rebounded slightly, the primary driver of rising rents is a decrease in the supply of long-term rentals. ]
On my last survey, a five-week trip across Africa, I visited Lagos, Nigeria and Cairo, Egypt, two of the most notorious traffic destinations in the world. These locations lived up to their hype, and I spent a lot of time sitting in traffic. However, I was surprised to find that Nairobi, Kenya’s traffic was almost as bad despite lacking the same level of notoriety. Nairobi’s three main issues are a shortage of stop signs and traffic lights at intersections, poor road quality, and incredible amounts of construction that disrupt traffic routes.
During my survey of Bangkok, I found the multiple transportation systems available for use extremely helpful, especially in comparison to other Southeast Asian cities. In Yangon, Hanoi, and Ho Chi Minh City, I was entirely dependent on taxis and rideshare apps, as there are no functioning rail systems, the buses are difficult for foreigners to use, and the cities are not particularly pedestrian friendly. Conversely, in Bangkok, I used a much more balanced mix of rideshare, metro (MRT), Skytrain (BTS), and walking.
In Cairo, expatriates typically use a driver rather than relying on public transportation options. During my August survey I found that, even though taxis have meters, drivers are frustratingly unwilling to use them when driving expats.
When I took the metro at 6am on a Sunday morning in Beijing, trains were running every three minutes. This past quarter I surveyed six cities in China. The largest of these cities, Beijing, Shanghai, and Chengdu, all have modern and efficient metro systems.
On my recent trip, I surveyed Malaysian cities on the island of Borneo. The island is shared by Malaysia, Indonesia, and the small sultanate of Brunei. The largest of the cities I surveyed was Kota Kinabalu, known colloquially as “KK.”
The rental housing market in Abu Dhabi is coming steadily down due to the high number of quality new properties that have come on the market, as well as fewer expatriate arrivals.