In postwar Iraq, housing is scarce and pricey
http://dervishcom.blogspot.com/2011/09/in-postwar-iraq-housing-is-scarce-and.html
BAGHDAD — The five-bedroom villa has a soaring living room with cathedral ceilings and is shaded by palm trees, but sits on a trash-strewn street that gets about eight hours of electricity a day. Worse yet, bombs still explode in the neighborhood with alarming regularity.
Asking price? $1.4 million.
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.
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Source: http://feeds.washingtonpost.com/click.phdo?i=03ca4b6d89da82cdcdf3d73af8fb46e4
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