Iraq and especially its capital, Baghdad, are enjoying a land and property boom as investors are bu...
Iraq and especially its capital, Baghdad, are enjoying a land and property boom as investors are buying now in the hope of a change of fortune in the country, should Saddam Hussein be ousted in any forthcoming conflict.
Land prices have increased by 20% in recent months, according to media reports, proving more popular than houses which might be damaged in any future war.
It is expected a change in regime would see an influx of foreign diplomats, businessmen and United Nations officials. Iraq in the past, has, been a popular playground for Saudi Arabians and Kuwaitis, and a new leadership in Iraq is expected to see many returning to the country’s hotels, clubs and casinos where social rules are not so strict.
