[West Hampstead]

I heard on Radio 4 this morning that Baghdad property prices were on the up. Iraq has an awful lot going for it including the weather and huge amounts of history, but I am not sure there will be a mad dash.

[Fromage Frais]

Basra is better and more stable.

However I think the last thing the folks need is investors buying their houses making them unaffordable

[mikeymadman]

This is a joke, yeah?

Please?

This post has been edited by mikeymadman: 18 February 2009 - 10:56 PM

[Caribbean Beauty]

Yes, Iraq is the new Spain don't you know - soon there will be hordes of Jeremy Kyle show watching Brits wandering around the soukhs drinking beer, singing Rule Britannia and wearing their England shirts, with "love" and "hate" tattooed on their knuckles, with their women-folk in hot-pants and crop-tops as well as 15 hoop earrings per lobe, (designed for the belly fat to flop over the belt more easily, a sign of great beauty amongst these people).

What remains of Al Quaeda will run a mile in fright!

[Fromage Frais]

The south of Iraq was a local tourist hotspot once upon a time and is the home of Sinbad etc.

But you have to be nuts to buy there I mean why?

[fanghoul]

Fromage Frais, on Feb 19 2009, 04:40 PM, said:

The south of Iraq was a local tourist hotspot once upon a time and is the home of Sinbad etc.

But you have to be nuts to buy there I mean why?

There's a guy on the South Africa thread that is selling investment properties in Iraq! Erbil to be precise. Don't believe it? See for yourselves:

http://www.horizon-c...y.com/iraq.html

£84,000 for a studio...London prices

[Fromage Frais]

Yep I am always amazed by the cost of property in poorer countries.

Tunisia has an average wage of 7000 dallars a year and need development loans.

Its a nice place but onemillion euro houses are common in Tunis and you canno find anything nice under 50k +tax

I think governments around the world play the same game ie lend on the houses to get people spending also in other countries they do not trust the banks, shares, no pension and also do not like to pay tax..

So it all goes into the house.

If the (old) american dream is to work hard start a business and become rich the Arab dream is to buy a plot of land (preferably inherited) and then do nothing waiting for the price to go up.

[West Hampstead]

mikeymadman, on Feb 18 2009, 10:56 PM, said:

This is a joke, yeah?

Please?

This was on the Today programme. I was half asleep so I googled 'Baghdad as property investment' and there it was. It is someones home town and they want to live there. I would love to visit, but I wont be buying just yet. I have seen fantastic resorts built in Jordan and the Lebanon though- like Dubai, but with greenery.

[Caribbean Beauty]

Yes folks, roll up and invest in the sleepy middle east - your money will be as safe as houses tied up in resorts in the region which is famed for its stability and peace. Hasn't been any war there for several decades and everyone loves westerners, especially Jews and Americans. And when the world economy flatlines, the Middle East countries will be totally immune from any nasty socio-economic security or terrorism issues - in fact life there will just get better and better. I hear that Israel and Iran are just about to sign a deal to build a vast beachfront Resort for stressed out and tired ex-Mossad operatives to holiday on the southern Iranian Gulf Coast - anyone up for buying condos down there?

World peace is here at last. The Lamb shall lay down with the Lion.

[West Hampstead]

Caribbean Beauty, on Feb 23 2009, 08:29 PM, said:

I hear that Israel and Iran are just about to sign a deal to build a vast beachfront Resort for stressed out and tired ex-Mossad operatives to holiday

Thats called Eilat.

[Agentimmo]

Caribbean Beauty, on Feb 23 2009, 08:29 PM, said:

Yes folks, roll up and invest in the sleepy middle east - your money will be as safe as houses tied up in resorts in the region which is famed for its stability and peace. Hasn't been any war there for several decades and everyone loves westerners, especially Jews and Americans. And when the world economy flatlines, the Middle East countries will be totally immune from any nasty socio-economic security or terrorism issues - in fact life there will just get better and better. I hear that Israel and Iran are just about to sign a deal to build a vast beachfront Resort for stressed out and tired ex-Mossad operatives to holiday on the southern Iranian Gulf Coast - anyone up for buying condos down there?

World peace is here at last. The Lamb shall lay down with the Lion.

Quality post !

You should get a job with these EA's advertising depts.

[kingsgate]

Come on, Baghdad can't be much worse than Peckham, can it? Better weather too........

[grey shark]

West Hampstead, on Feb 23 2009, 07:07 PM, said:

I googled 'Baghdad as property investment' and there it was. I would love to visit, but I wont be buying just yet.

Have you considered Afghanistan ?
BTL is really taking off there , especially those caves in the hills that can easily be converted into luxury apartments .

[West Hampstead]

grey shark, on Mar 10 2009, 10:41 PM, said:

Have you considered Afghanistan ?
BTL is really taking off there , especially those caves in the hills that can easily be converted into luxury apartments .

HMMmm. Its a thought though, or perhaps Gaza?

This post has been edited by West Hampstead: 11 March 2009 - 04:58 PM

[fanghoul]

West Hampstead, on Mar 11 2009, 04:57 PM, said:

HMMmm. Its a thought though, or perhaps Gaza?

How about Nigeria? Rapidly growing population and economy, think of all that pent up demand!
Or maybe Chad? The large influx of Darfuris will have to be put up somewhere and I'm sure the Chadian Housing Benefit will cover it. If they have reasonable local fair rents, the money is sure to roll in.

Can you imagine running a BTL empire in Nigeria?