This year's diaspora are afraid to invest in real estate.

This year's diaspora are afraid to invest in real estate.

diaspora investments in Kosovo are said to be directed mainly in consumption and real estate. But unlike past years this year there is a decline in investments in this field. Mentor Rushiti, technical director of the construction company, says the decline in the interest of exiles to invest in real estate becomes for [...]

Mentor Rushiti, technical director of the construction company, says the decline in the interest of exiles to invest in real estate is due to their fears of any repeat crises such as the Devid-19 pandemic or the war in Ukraine.

The same trouble with the lack of sale by exiles, has Burim Mehaj, owner of a real estate agency. According to him, the cause for the non-interest of exiles is the expensive interest of credit interest in European countries.

Meanwhile, in recent weeks a major influx of exiles has been marked in Kosovo, at a time when a large number of citizens have fled Kosovo. The latter looking for a better life. Their flight has caused a crisis of workers in various business subjects. Bedri Statovci, professor of economy at once gastronom, says the diaspora's arrival has sparked Kosovo economy but, according to him, forced to hold two working hours in order to cope with the large influx of exiles

Meanwhile, economy connoisseur Safet Gerjaliu says the lack of political stability is undermining the diaspora to invest in major economic projects. Gerxhaliu said the biggest troubles will be presented next year, with visa liberalisation, when a number of young people from Kosovo are expected.

Kosovo Central Bank in its statistics has said remittances sent by fellow countrymen in the first five months of 2023 have scored over half a billion euros. /RTV21

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