While Iraqi refugees are scattered all over Jordan, many live in the capital, Amman. This surge of people looking for refuge in the kingdom has led to huge price increases in the market of rentals property in Iraq and in many other areas of the economy.
"There has been a frightful increase in prices, not only in real estate, but in every other area, such as services, food, transportation and fuel. This was a natural result of the increase in demand. Prices of apartments and land plots have gone up by 300 percent over the past four years,” Amer al-Sharif, a financial manager at Amman-based Khalaf & Ishtay Company for Housing, told IRIN.
“Now, Jordanians who hoped to buy a piece of land and build a house can only buy an apartment and those who wanted to buy an apartment can only afford to rent one. On the other hand, Iraqis have no option but to accept the high prices because they don't have any other place to go to,” he added.
Iraqis living to Jordan have differing economic means. Many are affluent and own property and businesses while others have spent all their savings just to get to the kingdom.
“Jordanians have used the desperation of Iraqis getting refuge in Jordan to increase [property] prices. Unfortunately, Iraqis are willing to pay so as to provide shelter for their families. The government isn’t doing anything to control this increase,” said Abdel-Kadder.
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