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Economists: bad monetary policy and the reluctance of the state in the construction of housing units behind the rise in real estate and Elmo
Date: Monday 10/22/2012 08:38 pm
.
Baghdad Maan Mohammed Hassan
The country has seen during these days a remarkable rise in real estate prices and food, and began citizen shows his fear of this phenomenon, which reflected negatively on the Mdjulath blaming the government this rise and that for many reasons, including poor performance of fiscal policy and reluctance in completing housing projects and distributed to Almsthakaan addition to population growth disproportionate to the projects implemented by the state, which is reflected on the high real estate has confirmed an economic expert peace Sumaisem's (citizen) on Monday that he «will see in the coming days and next year, up property prices, in order to discredit the citizen exchange rate Aldetar and volatility and caused due to poor monetary policy of the Bank CBI «She Sumaisem that« citizen today began to think how to keep on his assets and his money trend volatility Iraqi dinar and the best Mihafez their value tends to employ to buy property and the purchase of gold and thus will see property prices and gold prices increased significantly in the coming days and next year as a result of this employment «uncertain «Government and concerned with the cash to carry out reforms in the monetary policy of the Central Bank of Iraq«
On the other hand, said economic expert d. Ali Khudair Anbure Chairman of Trustees gathered Iraq 2020's (citizen) Monday I «I do not think that the crisis passes where the central bank stands a reason behind the rise in property prices and food« explaining that «the fact that the Iraqi citizens while feel the presence of fluctuations in the price of the Iraqi dinar exchange resort to buy hard currency of course the U.S. dollar to maintain the value of its assets and this is known «He Anbure that« the real reason behind the rise in property prices is supply and demand and that the rise is not based on the real value of the housing unit but built to need citizen to own housing units and increasing demand for residential units is The real reason behind the rise in the real estate market «He Anbure« still work is balanced between government building of housing units and between increasing population growth and the need for citizens to live, a state to speed up the advancement in the field of building Alhhaddat residential and make it one of its priority in economic policy of the state «
For his part, predicted economic expert Haider al-Shammari, rising food prices and real estate over the next year as a result of economic crises witnessed by some of the world, as well as the housing crisis suffocating and that grow annually in the country. Al-Shammari said Monday that «most studies international economic stresses that the world kissed the new food crisis as a result of slower growth in the economies of some countries, especially European and American, and thus raise food prices in world markets. »added» including that Iraq relies on imports outside of food commodities due to lack of his product local would result to increase prices in the domestic market, which means that the market Iraqi directly affected by the global markets, pointing out that the housing crisis is growing and compounded annually as a result of the absence of radical solutions by the Ministry of Housing and the federal government, and this gives an indication that the coming year will occur where mutations prices of food and real estate. »He» demand for property is increasing every year due to the increase population growth, the higher the demand for purchase of residential units in turn increases the price of the property, calling for the development of strategic plans to avoid the impact of these increases in prices on the national economy.
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Date: Monday 10/22/2012 08:38 pm
.
Baghdad Maan Mohammed Hassan
The country has seen during these days a remarkable rise in real estate prices and food, and began citizen shows his fear of this phenomenon, which reflected negatively on the Mdjulath blaming the government this rise and that for many reasons, including poor performance of fiscal policy and reluctance in completing housing projects and distributed to Almsthakaan addition to population growth disproportionate to the projects implemented by the state, which is reflected on the high real estate has confirmed an economic expert peace Sumaisem's (citizen) on Monday that he «will see in the coming days and next year, up property prices, in order to discredit the citizen exchange rate Aldetar and volatility and caused due to poor monetary policy of the Bank CBI «She Sumaisem that« citizen today began to think how to keep on his assets and his money trend volatility Iraqi dinar and the best Mihafez their value tends to employ to buy property and the purchase of gold and thus will see property prices and gold prices increased significantly in the coming days and next year as a result of this employment «uncertain «Government and concerned with the cash to carry out reforms in the monetary policy of the Central Bank of Iraq«
On the other hand, said economic expert d. Ali Khudair Anbure Chairman of Trustees gathered Iraq 2020's (citizen) Monday I «I do not think that the crisis passes where the central bank stands a reason behind the rise in property prices and food« explaining that «the fact that the Iraqi citizens while feel the presence of fluctuations in the price of the Iraqi dinar exchange resort to buy hard currency of course the U.S. dollar to maintain the value of its assets and this is known «He Anbure that« the real reason behind the rise in property prices is supply and demand and that the rise is not based on the real value of the housing unit but built to need citizen to own housing units and increasing demand for residential units is The real reason behind the rise in the real estate market «He Anbure« still work is balanced between government building of housing units and between increasing population growth and the need for citizens to live, a state to speed up the advancement in the field of building Alhhaddat residential and make it one of its priority in economic policy of the state «
For his part, predicted economic expert Haider al-Shammari, rising food prices and real estate over the next year as a result of economic crises witnessed by some of the world, as well as the housing crisis suffocating and that grow annually in the country. Al-Shammari said Monday that «most studies international economic stresses that the world kissed the new food crisis as a result of slower growth in the economies of some countries, especially European and American, and thus raise food prices in world markets. »added» including that Iraq relies on imports outside of food commodities due to lack of his product local would result to increase prices in the domestic market, which means that the market Iraqi directly affected by the global markets, pointing out that the housing crisis is growing and compounded annually as a result of the absence of radical solutions by the Ministry of Housing and the federal government, and this gives an indication that the coming year will occur where mutations prices of food and real estate. »He» demand for property is increasing every year due to the increase population growth, the higher the demand for purchase of residential units in turn increases the price of the property, calling for the development of strategic plans to avoid the impact of these increases in prices on the national economy.
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