Iraqi Real Estate Prices Outpace Europe
Real estate prices in Iraq are among the highest in the region, with an average price per square meter of around $2,000 in residential areas and up to $6,000 in commercial and service-related areas. The high prices are attributed to economic instability, the perception of real estate as a safe investment, and the inflation of funds among officials, along with their efforts to hide inflated financial resources. Despite government initiatives to build large housing units, effective solutions require reducing prices, distributing land, and providing infrastructure, given the high costs and the limited options available to low-income citizens.
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