Des res, easy access to oilfields

Last Modified: 23 May 2008
By: Faisal Islam

Worried about the British housing market? Then how about a more audacious address - in Kurdistan? Faisal Islam reports.

Western property developers are moving into northern Iraq, selling luxury homes and flats for six-figure sums.

The investment is being driven by expectations of a black gold boom, with oil prices at record levels and Iraq's government now claiming to have the largest reserves in the world.

Despite the violence, some officials are already planning to stop Iraq's economy becoming too dependent upon oil.

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