its a similar story everywhere in Iraq.
I can report that in parts of Karbala and najaf prices are over $2000/m, similarly in samawa and nassiriya prices in prime areas are about $1000-1200/m
This is because government is not releasing cheap land for construction, and not building the "basic services" (road/sewage/powerlines) to establish new neighborhoods.
Thus the result is hundreds of thousands of people living in "hawasim" slums around the cities and in public squares / abandoned buildings...
Another key point is that the cost of construction is rather high in Iraq (a contractor charges about $500/m for building a nice house), a "luxury" house with double glazed windows/insulation/central AC goes for $800/m+
we sorely need better developers in Iraq with more modern construction techniques (prefabs / precast) with modern insulation / centralised services.
We also need the "land monopoly" (the finance ministry of Iraq owns 95% of Iraq's land mass) to release land for housing, rather than keeping everything artificially high so that they and their speculator chums can benefit by drip feeding land into the market.
I can report that in parts of Karbala and najaf prices are over $2000/m, similarly in samawa and nassiriya prices in prime areas are about $1000-1200/m
This is because government is not releasing cheap land for construction, and not building the "basic services" (road/sewage/powerlines) to establish new neighborhoods.
Thus the result is hundreds of thousands of people living in "hawasim" slums around the cities and in public squares / abandoned buildings...
Another key point is that the cost of construction is rather high in Iraq (a contractor charges about $500/m for building a nice house), a "luxury" house with double glazed windows/insulation/central AC goes for $800/m+
we sorely need better developers in Iraq with more modern construction techniques (prefabs / precast) with modern insulation / centralised services.
We also need the "land monopoly" (the finance ministry of Iraq owns 95% of Iraq's land mass) to release land for housing, rather than keeping everything artificially high so that they and their speculator chums can benefit by drip feeding land into the market.
