Wednesday, February 18, 2009

Quick – send Krusty and Phil to Baghdad

Boom time in Baghdad Property Prices Soar

As the price of housing collapses in the rest of the world, it is soaring in Baghdad. “Property is the fastest way to make money here,” says Mohammed al-Hadithi, who runs a real estate office in the wealthy Yarmouk district of west Baghdad. "Over the past two years there has been a big rise in the market because the security situation is calmer." House prices have risen by 50 per cent in many parts of central Baghdad during the past year, and rents have almost doubled. Mr Hadithi says that this is explained primarily by the end of the war.

Posted by uncle chris @ 10:57 AM (967 views)
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8 thoughts on “Quick – send Krusty and Phil to Baghdad

  • It really does sound like a nice place to live, what with the concrete walls, check points, gangs, bombings and assassinations.

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  • Well said 51ck-6-51x,

    There is no way I would move to Manchester.

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  • All this talk of Gold! There just had to be something better n such a mad World.

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  • plato

    Yes Guns and ammo ! LOL

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  • str 2007……….That’s a really good point.

    Now you are talking about a sure fire investment at last.

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  • TC

    To build a whole car from parts costs many more times the cost of the car.
    Therefore would it be more profitable to buy new cars on the docks and break them.

    There I’ve just come up with a good hedge (excuse the pun) for your agriculatural land if your spuds don’t grow – turn it into a beakers yard. LOL

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  • This is getting silly (lol)……….I’m being serious now…….Buy a couple of donkeys or horses,get around and fertilise your food. Everything else is short-sighted.

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  • Can I get a 125% “together” loan to purchase a buy-to-let flat there?

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