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Money laundering is the reason.. Report: Baghdad real estate prices exceed those in Dubai and Turkey
economic Last update 01/12/2022 | 10:36 AM
The Information/Baghdad…
A report by the official “Al-Sabah” newspaper, on Wednesday, stated that real estate prices in Baghdad, especially vacant plots of land, are now superior to those in Dubai, Amman or Turkey, noting that money laundering operations are behind the high prices.
The report, which was reviewed by "The Information", stated that "the prices of real estate in Baghdad, especially the vacant plots of them, have reached numbers that are "beyond imagination", and some of them are now superior to their counterparts in Dubai, Amman or Turkey, and in the midst of the frightening frenzy of prices, especially In the capital, some analysts speculate that the reason is money laundering by some influential people.”
He added, "This comes at a time when specialists are calling for the formation of a special committee or committee to follow up the purchase of residential real estate, under the item (from where did you get the money to buy this or that property?")."
The newspaper quoted the owners of real estate offices as saying that "in some areas of the capital, the price of one commercial meter exceeded ten thousand dollars, after it was less than three thousand dollars two or three years ago."
They added, "This matter may reflect a large part of the money laundering operations of some influential people after tightening the screws on their transfers abroad, forcing them to direct them internally to buy real estate and speculate in their prices in this crazy way." finished/25
Money laundering is the reason.. Report: Baghdad real estate prices exceed those in Dubai and Turkey
economic Last update 01/12/2022 | 10:36 AM
The Information/Baghdad…
A report by the official “Al-Sabah” newspaper, on Wednesday, stated that real estate prices in Baghdad, especially vacant plots of land, are now superior to those in Dubai, Amman or Turkey, noting that money laundering operations are behind the high prices.
The report, which was reviewed by "The Information", stated that "the prices of real estate in Baghdad, especially the vacant plots of them, have reached numbers that are "beyond imagination", and some of them are now superior to their counterparts in Dubai, Amman or Turkey, and in the midst of the frightening frenzy of prices, especially In the capital, some analysts speculate that the reason is money laundering by some influential people.”
He added, "This comes at a time when specialists are calling for the formation of a special committee or committee to follow up the purchase of residential real estate, under the item (from where did you get the money to buy this or that property?")."
The newspaper quoted the owners of real estate offices as saying that "in some areas of the capital, the price of one commercial meter exceeded ten thousand dollars, after it was less than three thousand dollars two or three years ago."
They added, "This matter may reflect a large part of the money laundering operations of some influential people after tightening the screws on their transfers abroad, forcing them to direct them internally to buy real estate and speculate in their prices in this crazy way." finished/25
