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Real Iraq expensive globally and intractable housing crisis
Created on Sunday, 26 May 2013 09:30 | |
Baghdad / Orr News
Confirms the owners of Real Estate offices and specialists, that real estate prices in Iraq is the world's most expensive, and that investment in this area Moneymaker, due to the continuous rise in property values over time.
The continuous increase of real estate prices, and put Iraq at the forefront of the world in terms of the value of houses and pieces of land, especially in the important areas in the capital, as price ranges meter 4000-10000 dollars, according to the owners of Real Estate Offices, while stands a large proportion of Iraqis helpless against buying plots evaluate them منازلا to تخلصهم of rent problems and continuing to rise.
Data from the Ministry of Planning to higher rents for residential buildings rate of 5.7% during the month of April, which in turn led to raising the annual inflation rate to 2.5%, and this depletes the family budget Iraqi cumulatively, and deprive them of any step forward to buy a property in Iraq.
It is expected to lead latest announcement of the province of Baghdad, that there are no plots enough in the capital for distribution to the categories covered by the distribution and replace them with allowance cash, this will matter to the more high real estate prices, according to occur by Thamer al-Tamimi, the owner of Real Estate Office in Baghdad, adding that in spite of the current recession in the sale and purchase of real estate in the capital, but we expect during the next few rise in land prices, because the province of Baghdad announced explicitly that it has no more land to distribute to the categories covered, and thus will move citizens to buy land on the outskirts of Baghdad.
Tamimi justified trend towards those areas, saying: their much lower compared to inside the city, there is also a hope that is reached by services to create new neighborhoods untangled population bottleneck in Baghdad, and rid the citizens of difficulties and continuing high rents.
For his part, member of the Economic Committee in parliament, Abdul-Hussein Abtan: that there is a constant demand on the housing sector, failed actions being taken to reduce the apparent lack. He Abtan year, Iraq suffers from a problem in housing, due to increased demand for it every year since 2003, Iraq require about 3 million housing units, and investment projects and turnkey construction projects and do not constitute a vertical something in front of the large deficit.
And on immediate solutions to the problem of lack of residential الواحدات, Abtan expressed his belief that the solution is to sort the new neighborhoods within the design basis of the districts, counties and provinces, and to speed up the distribution of land and the provision of affordable housing loans. He said: Some go to the solution through the creation of residential complexes through investment, and I think that the success of this topic followed by red tape and bureaucracy of the public sector, but I doubt that this will solve part of the problem.
A spokesman for the Investment Commission of Baghdad, Thaer Feily had said earlier: The price of the property is not commensurate with the per capita income of Iraq, which up to about five thousand dollars a year, adding that the only solution to the housing crisis in the country is Pfsh the way for investment in the housing sector. Waked Feily: the price of the purchase of the property or lease in Baghdad if قارناها to, for example, the Japanese capital Tokyo abundant services, we will find it more expensive, and by a wide margin.
Indicates a member of the Economic Committee Abdul Hussein Abtan that the ordinary citizen and the other categories, including the staff have become today can not get a piece of land to dwell, and continued by saying: Sort new lands and distributed to different groups of society will lead to stop the continuing rise of real estate prices, and then will get A piece of land is easier than before, and ease the housing crisis in Iraq.
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Created on Sunday, 26 May 2013 09:30 | |
Baghdad / Orr News
Confirms the owners of Real Estate offices and specialists, that real estate prices in Iraq is the world's most expensive, and that investment in this area Moneymaker, due to the continuous rise in property values over time.
The continuous increase of real estate prices, and put Iraq at the forefront of the world in terms of the value of houses and pieces of land, especially in the important areas in the capital, as price ranges meter 4000-10000 dollars, according to the owners of Real Estate Offices, while stands a large proportion of Iraqis helpless against buying plots evaluate them منازلا to تخلصهم of rent problems and continuing to rise.
Data from the Ministry of Planning to higher rents for residential buildings rate of 5.7% during the month of April, which in turn led to raising the annual inflation rate to 2.5%, and this depletes the family budget Iraqi cumulatively, and deprive them of any step forward to buy a property in Iraq.
It is expected to lead latest announcement of the province of Baghdad, that there are no plots enough in the capital for distribution to the categories covered by the distribution and replace them with allowance cash, this will matter to the more high real estate prices, according to occur by Thamer al-Tamimi, the owner of Real Estate Office in Baghdad, adding that in spite of the current recession in the sale and purchase of real estate in the capital, but we expect during the next few rise in land prices, because the province of Baghdad announced explicitly that it has no more land to distribute to the categories covered, and thus will move citizens to buy land on the outskirts of Baghdad.
Tamimi justified trend towards those areas, saying: their much lower compared to inside the city, there is also a hope that is reached by services to create new neighborhoods untangled population bottleneck in Baghdad, and rid the citizens of difficulties and continuing high rents.
For his part, member of the Economic Committee in parliament, Abdul-Hussein Abtan: that there is a constant demand on the housing sector, failed actions being taken to reduce the apparent lack. He Abtan year, Iraq suffers from a problem in housing, due to increased demand for it every year since 2003, Iraq require about 3 million housing units, and investment projects and turnkey construction projects and do not constitute a vertical something in front of the large deficit.
And on immediate solutions to the problem of lack of residential الواحدات, Abtan expressed his belief that the solution is to sort the new neighborhoods within the design basis of the districts, counties and provinces, and to speed up the distribution of land and the provision of affordable housing loans. He said: Some go to the solution through the creation of residential complexes through investment, and I think that the success of this topic followed by red tape and bureaucracy of the public sector, but I doubt that this will solve part of the problem.
A spokesman for the Investment Commission of Baghdad, Thaer Feily had said earlier: The price of the property is not commensurate with the per capita income of Iraq, which up to about five thousand dollars a year, adding that the only solution to the housing crisis in the country is Pfsh the way for investment in the housing sector. Waked Feily: the price of the purchase of the property or lease in Baghdad if قارناها to, for example, the Japanese capital Tokyo abundant services, we will find it more expensive, and by a wide margin.
Indicates a member of the Economic Committee Abdul Hussein Abtan that the ordinary citizen and the other categories, including the staff have become today can not get a piece of land to dwell, and continued by saying: Sort new lands and distributed to different groups of society will lead to stop the continuing rise of real estate prices, and then will get A piece of land is easier than before, and ease the housing crisis in Iraq.
[You must be registered and logged in to see this link.]
