Helping in building the economy since 2003
A major factor that affects the value of real estate is the health of the economy. Economic indicators, such as the GDP, employment data, manufacturing activity, and inflation, exchange rate fluctuations, in addition to interest rates, mortgage rates amongst other indicators are the measuring criteria. Considering the fact that the pace of growth is high, the industry’s output will be driven by ongoing work on various infrastructure projects. Forecasted growth is set to register an annual average growth of 5.1% during 2023-26; with the housing sector having grown significantly in Kurdistan since 2003. In the last decade, home prices have risen anywhere between 400% to 1,000%.
Stemming from the diversification business belief of Ezma Holding, and as a result of the boom in the real estate sector in Iraq, a strategic decision was taken by the group in 20219 (to invest in the real estate sector focusing on Kurdistan Northern Iraq.
This invest which is a mix of both residential and commercial real estate was purchased with the purpose of trading in both short and long-term activities in the market. Some purchased were executed to support the Ezma Holding operations.
