December 09, 2008
Baghdad Property Prices Soar Amid Improved Security
Senator Reid, are you going to buy property in Baghdad?
Property prices in Baghdad's residential districts have soared in the past year as security has improved, and estate agents say the trend is set to continue, given a serious shortage of homes."The price per square metre in the Zayuneh district has risen from $500 in 2005 to more than $1,000 today," says Abu Abbas, owner of Zayuneh estate agency in an upmarket area of Baghdad on the east bank of the Tigris.
Apparently sellers have become "greedier" since the recent ratification of the security agreement with the United States.
By Stable Hand at December 9, 2008 10:32 AM | | l digg this
