Investing in Iraq Real Estate?
In every real estate investment, there's a wrong way and a right way to do business. For starters, you need to invest in the proper target demographic just as much as you invest in the real estate trade. You need to be selling what everyone desires and must have no matter what. But first and foremost, you have to find the right location. If some people choose to have Iraq as their location, there's some good news in that decision--you're not entirely crazy to do so.
Those who wish to invest in Iraq real estate need a round of applause. First, your business mind is headed in the right direction. You see that Iraq is a strong country, even though it is a developing one. You take the strength aspect Iraq is becoming famous for and you've come to the conclusion that no one wants to stray from a strong country, therefore in the future, your investments will go a long way. You'll come out with more than you ever put into this endeavor--needless to say, you'll come out a winner. You take into consideration the American efforts into Westernizing Iraq, and once peace is a recognizable concept to Iraqis, they'll want homes to start new lives. Already in Baghdad real estate is going through the roof due to a significant drop in danger. In the long run, investing in Iraq real estate is financially safe. But that's only once things start looking up, and some may say that the 'Long run' is just too far down the road. So what happens to the real estate investor who has an impatient heart and wants to start investments now? Is it still safe?
Three words: Location, location, location. For the smart real estate investor today, location in Iraq is key. My opinion? Kurdistan Iraq is looking for your investment, and with an intermix of beauty and security, you can't go wrong. Iraqis are looking for this type of lifestyle. Though it may not be the most traditional lifestyle, as of yet, it is the safest, and we all know safety is more important than an address. Those who once lived in Baghdad are now heading back to a home they once loved. The only problem is, there are no more homes in Baghdad. These people and many others will look to another place to live, and Kurdistan is a community, branching off three beautiful provinces (Dohuk, Arbil, and Sulaymaniyah) that welcomes with open arms.
My second opinion--and don't loathe it right away--would be Baghdad. We hear it in the news; Baghdad's real estate today is the opposite of America's and seemingly every country that's being graced with this economic slump. People are buying homes and apartments, and anything they can get their hands on. Even with the excitement dwindling due to low production and not enough private investors, the more secure places of Iraq are seeing an abundant cash flow in the real estate industry.