Iraq's housing market, which saw property values soar after the fall of Saddam Hussein, is no longer red-hot. Prices remain high, but there is little activity, real estate agents say.The ousting of the dictator three years ago opened up markets, creating a "sudden consumer revolution," and sent housing prices skyrocketing as much as 700%, Baghdad real estate agent Raad Sahar said.Since then, violence has taken its toll. "Home sales now are almost motionless," he said. Iraqis leaving the country want to unload property quickly but have difficulty finding a buyer.Baghdad engineer Mustafa al-Mosawi, 31, said that four months ago, buying a house seemed a wise financial investment for his family. Within three weeks of launching his search, he had found a house for $300,000 in the city's upscale Mansour neighborhood, considered one of the city's safest areas....
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Editor - 16:27:00 04-27-06
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