In a corrupt and crazy country people are more likely to invest in homes to safeguard their money from inflation, etc. That`s if they have got money.
Right now there is a demand by shia muslims for properties in Sadr City. Risky business I have to say

Estate agents are gunned down in the daylight sometimes. I have got few local contacts in Iraq, so business can be done but with extra care.
Regards,
Alex.