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Cabinet exempts citizens from the benefit of real estate loans banks, agricultural and housing

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Cabinet exempts citizens from the benefit of real estate loans banks, agricultural and housing
Editor: NQ Tuesday 23 v 1 2012 12:06 GMT

The Iraqi government spokesman Ali al-Dabbagh
Alsumaria News / Baghdad Council of Ministers decided, on Tuesday, exempting citizens from exaggerated interest bank loans real estate, agricultural and housing, as he emphasized to continue granting such loans. said Iraqi government spokesman Ali al-Dabbagh said in an interview for "Alsumaria News", "the Council of Ministers and approved by its routine, which was held today, to exempt citizens of the amount of interest on loans granted to them by the Land Bank, agricultural and housing and continue to grant such loans. " comes Cabinet approval of the Iraqi cancel amounts of interest on citizens after eight months of vote Iraqi Council of Representatives, in ( February 23, 2012), the abolition of interest of loans banks real estate, agricultural and housing fund within paragraphs vote on budget items for the year 2012. Iraq has suffered from severe housing crisis due to the increasing number of population compared with the number of housing complexes, as well as the inability citizen with limited income from the construction unit housing its own because of the high cost of land and construction materials, and estimates of the Ministry of Construction and Housing need for Iraq to three million housing units to meet the housing crisis in Iraq and the Iraqi government launched, in (year 2010), a national project includes the construction of a million new housing units distributed across the country, in While estimates are not available actual real need for housing throughout Iraq, with the exception of powers of the Kurdistan region of Iraq, which has said it needs to build 150 thousand new homes in the region to end the crisis in the housing.


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