War-induced overcrowding and global inflation hurt renters in Aden

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The one million residents of Aden are grappling with increasing prices to rent houses and apartments- a problem exacerbated by thousands of displaced people adding to the housing shortage in the city. In an interview with A24, property broker Makawi Muhamad called on authorities to impose a cap on rental prices. Rent for an average 120 meters square apartment has risen to nearly 1,000 Saudi riyals- about 270 Euros a month. Families can’t make ends meet with an average citizen’s salary hovering around 185 euros a month. In addition, landlords are drawing up leases priced in Saudi riyals or dollars, which adds weakness of the Yemeni riyal to the challenges facing renters.

 

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