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Expert: Real estate sector is witnessing a stop led to increased crime in Iraq
10/11/2015
Chief Economist of Luster Jabri, Sunday, that the real estate sector in Iraq is the case almost to a standstill for several reasons, noting that this matter has led to refer thousands of artisans who work in professions linked to this sector to the unemployed, as well as increasing cases of theft and the involvement of some terrorist operations as a result of the loss of jobs in this sector.
He said al-Jabri's / scales News / "The real estate sector in Iraq is almost completely stopped for reasons Mtaddhmnha control organization Daash terrorist and the decline of the Iraqi economy because of the deterioration of oil prices, government corruption, turning Iraq into a conflict between a number of States region," noting that "the effects of this The problem did not stop the workers in this field, but only weighed negatively on other related professions to refer the tens of thousands of artisans to the unemployed. "
He said economic expert that "property prices have gradually declined since more than a year, as well as to stop the sale and purchase operations where many citizens to reduce their real estate offered price to sell, even some of the prices have reached half its real value, and in some areas to below half the value, compared to what it was about more than a year ago, "noting that" the very real estate to convert some liquidity may be needed in the coming time "to escape from Iraq, or for the conduct of their daily lives, if the security situation deteriorates further."
Jabri pointed out that "if there has been no improvement in the real estate market, the country's other problems the complexity of security more than it is," pointing out that "the deviation of some and the involvement of young people in gangs rely robbery and kidnapping, to secure a source of livelihood of their families came after they lost their jobs in these markets. "
It is said that "the Executive Director of the Association of Iraqi private banks, Ali Tariq, has been praised in, earlier, to the importance of the role that could be played by the banking sector in moving the real estate market, if the appropriate conditions are available in terms of legislation to help, explaining that" the banks and potential of to supplement the real estate sector loans and financing, as it was hurt in the interests of the real estate market activated, despite the challenges facing the country now, ".anthy 29/28
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