Property Investor information: Comoros
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Property Investor information for: Comoros
Unstable Comoros has endured 19 coups or attempted coups since gaining independence from France in 1975. In 1997, the islands of Anjouan and Moheli declared their independence from Comoros. In 1999, military chief Col. AZALI seized power. He pledged to resolve the secessionist crisis through a confederal arrangement named the 2000 Fomboni Accord. In December 2001, voters approved a new constitution and presidential elections took place in the spring of 2002. Each island in the archipelago elected its own president and a new union president took office in May of 2002.
Comoros is currently not recommended by The Property Investor Magazine for foriegn Property Investment due to this countries political and or economic situation.