From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
Iraq's Housing Boom is Leaving its Aspirational Class Behind
In Erbil, the capital of Iraqi Kurdistan, a young professional said she considers herself fortunate by earning some two million IQD (1,500 USD) a month, but that buying an apartment remains a distant prospect.
A modest 65 m² (700 sq ft) unit she had her eyes on cost approximately 52.8M IQD (40,000 USD).
The down payment alone, she told Amwaj.media, would require saving two-thirds of her monthly wage for two years.
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