Property Investment in Kurdistan (Iraqi Kurdistan): A Case Study of Kurdistan Region of Iraq, from 2003-2020
Journal of Contemporary Issues in Business and Government,
2021, Volume 27, Issue 5, Pages 927-936
10.47750/cibg.2021.27.05.060
Abstract
The construction of housing in Kurdistan has changed the face of major cities throughout theregion. Since 2003, sudden developments have seen ample structural components and massive
housing projects that have transformed their towns'' landscape. The increase in housing demand,
a booming economy, economic growth rates in the region, relative safety in Kurdistan have
fueled certain dimensions of Kurdistan''s development, causing many people from nearby
neighborhoods of Kurdistan to migrate into the region. This has required an increase in
employment opportunities from housing projects'' development and their ability to afford to
house (Doski, 2015, p. 18). The number of foreign and local businesses recruiting from the
current workers has been growing. The real estate boom that has engulfed Kurdistan since the
independence of Iraq in 2003 has been one of the drivers of such economic development in
Kurdistan. It can be anticipated that this growth will extend into the southern and central regions
of Iraq once the security environment there is secure. Travel participation has also helped boost
the Kurdistan''s economic development. The road infrastructure has also been expanded and
improved. New roads have been established, and Erbil International Airport will get a brand new
terminal with one of the world''s longest runways.
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