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Vertical construction limits of rising real estate prices
3/16/2015 0:00
BAGHDAD - Mostafa Hashemi
is determining financial cap on the prices of real estate in Iraq is extremely important especially now that the country is witnessing harsh conditions for displaced people and those with limited income, which requires finding and strategies for effective mechanisms to curb rising housing sector and accommodation prices, especially that some areas experiencing high prices which does not fit with reality service.
In this regard, economic researcher Lubna al-Shammari said: "There are several factors that led to the rise in real estate prices in the cities, including Baghdad province," adding in her "morning" that "the issue of supply and demand, the role the largest in this climb, which seems to be limited in the medium term. "
experiencing the city of Baghdad and other cities in the provinces to reduce domestic spaces and isolated and sorted from each other in order to sell them or harboring a member of the families living in after the marriage or with a view to investing through leased or sold to achieve the benefit of their respective owners . "
Shammari added that "that seen in the cities of reducing homes tracts of 200 or 100 square meters to 50 or 35 meters comes as a result of the nature of the increase in population compared to the lack of supply and the absence of strategies actors to reduce the housing crisis as the reason for the high price per square meter to More than two million dinars in some residential areas in Baghdad. "
She suggested the researcher mainstream vertical construction within the residential neighborhoods of the role or 200 square meters, located in the corners of alleys and converted from ordinary homes into small with 3 or more floors condominium homes featuring each floor 4 apartments with an area of 50 meters .
She stressed that this proposal would ease the housing crisis and expands the vertical construction experience within residential neighborhoods, as it allows for the owners of those investment houses properties are excellent serve the community and the interests of both.
She pointed to the need for the approval of the relevant authorities in trust Baghdad to clarify whether this The proposed distorts the aesthetic city or not as well as the importance of adopting one of the parties to such a project and to find temporary housing until construction is complete, which does not take more than two months in the worst case.
witnessing real estate market is a remarkable rise in prices compared to the services and quality within cities, reason to reconsider calculates prices of land and real estate pieces and make them commensurate with the types of service facilities within cities.
The GCT discussed earlier with the Land Registry Department possibility of amending the real estate prices in Baghdad and redefined to suit the reality of residential areas and adjusting their prices to cope with the real value of the real estate market.
see specialists The real estate market in any country in the world, subject to supply and demand, but the general situation in Iraq and other effects in determining those prices which have exacerbated the problem of housing in commercial areas, which amounted to a property's value by 10 times their real value.
According to observers, the real estate market is currently experiencing a significant recession due to the enormous rise in prices, with the dearth of any property for rent due to the influx of displaced people to the cities several months ago.
Iraq has achieved a population growth of 3 percent in 2012, according to reports has not been the actual planning of this increase, which led to rising real estate prices in the cities, The lack of building more housing units exacerbating the housing crisis caused in unlimited high prices.
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3/16/2015 0:00
BAGHDAD - Mostafa Hashemi
is determining financial cap on the prices of real estate in Iraq is extremely important especially now that the country is witnessing harsh conditions for displaced people and those with limited income, which requires finding and strategies for effective mechanisms to curb rising housing sector and accommodation prices, especially that some areas experiencing high prices which does not fit with reality service.
In this regard, economic researcher Lubna al-Shammari said: "There are several factors that led to the rise in real estate prices in the cities, including Baghdad province," adding in her "morning" that "the issue of supply and demand, the role the largest in this climb, which seems to be limited in the medium term. "
experiencing the city of Baghdad and other cities in the provinces to reduce domestic spaces and isolated and sorted from each other in order to sell them or harboring a member of the families living in after the marriage or with a view to investing through leased or sold to achieve the benefit of their respective owners . "
Shammari added that "that seen in the cities of reducing homes tracts of 200 or 100 square meters to 50 or 35 meters comes as a result of the nature of the increase in population compared to the lack of supply and the absence of strategies actors to reduce the housing crisis as the reason for the high price per square meter to More than two million dinars in some residential areas in Baghdad. "
She suggested the researcher mainstream vertical construction within the residential neighborhoods of the role or 200 square meters, located in the corners of alleys and converted from ordinary homes into small with 3 or more floors condominium homes featuring each floor 4 apartments with an area of 50 meters .
She stressed that this proposal would ease the housing crisis and expands the vertical construction experience within residential neighborhoods, as it allows for the owners of those investment houses properties are excellent serve the community and the interests of both.
She pointed to the need for the approval of the relevant authorities in trust Baghdad to clarify whether this The proposed distorts the aesthetic city or not as well as the importance of adopting one of the parties to such a project and to find temporary housing until construction is complete, which does not take more than two months in the worst case.
witnessing real estate market is a remarkable rise in prices compared to the services and quality within cities, reason to reconsider calculates prices of land and real estate pieces and make them commensurate with the types of service facilities within cities.
The GCT discussed earlier with the Land Registry Department possibility of amending the real estate prices in Baghdad and redefined to suit the reality of residential areas and adjusting their prices to cope with the real value of the real estate market.
see specialists The real estate market in any country in the world, subject to supply and demand, but the general situation in Iraq and other effects in determining those prices which have exacerbated the problem of housing in commercial areas, which amounted to a property's value by 10 times their real value.
According to observers, the real estate market is currently experiencing a significant recession due to the enormous rise in prices, with the dearth of any property for rent due to the influx of displaced people to the cities several months ago.
Iraq has achieved a population growth of 3 percent in 2012, according to reports has not been the actual planning of this increase, which led to rising real estate prices in the cities, The lack of building more housing units exacerbating the housing crisis caused in unlimited high prices.
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