Sunday, 30 September 2012
More daily life
In postwar Iraq, housing is scarce and pricey
Washington Post reports (September 23rd): As Iraq’s economy rattles awake after years of war, the country is experiencing a real-estate boom, with choice properties in Baghdad or in towns such as Karbala or Irbil selling for $500,000 to more than $1 million.
Years of violence, sectarian tensions and international sanctions have left the country with an acute housing shortage that is driving up prices, experts say. The growing country of 30 million needs about 2 million housing units, according to a United Nations estimate.