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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Real estate prices in Baghdad have fallen by 40% in 2016

    Rocky
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    Real estate prices in Baghdad have fallen by 40% in 2016 Empty Real estate prices in Baghdad have fallen by 40% in 2016

    Post by Rocky Sun 08 Jan 2017, 1:32 am

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    Real estate prices in Baghdad have fallen by 40% in 2016


     Baghdad / peace Zidane 

    Confirmed specialists in the real estate sector, the low prices of the real estate market during 2016 , more than 40% because of the recession , which hit as a result of oversupply and lack of demand, and attributed the reason to the austerity policy practiced by the government during the past two years and the lack of mortgages. 


    Said Mohammad Quraishi , owner of Real Estate Office in Baghdad, "long", " The real estate market last year has seen a decline rates exceeded 40% due to the recession that has become since the occupation Daesh to the city of Mosul , " noting that " the price per square meter , which was in 2012 with a and a half million dinars today is 900,000 dinars and there is no request for it. " 
    "The citizens have to cut the price in order to increase demand, but to no avail remember , " noting that "some division of the house , which covers an area of 200 meters to three homes in order to sell it quickly." 
    " The real estate sector is one of the most important sectors of the economy because it is running other productive sectors when witnessing a recovery," calling on the state to " the distribution of housing loans to employees , as happened in previous years when it has distributed percent salary advance." 
    On the other hand, said the president of the National Business Council, David Abdul Zayer "long" that " the recession witnessed by the real estate sector due to the lack of financial liquidity and the lack of investment projects in the budget in addition to the random construction and cutting large areas to small, construction and conversion of agricultural land to residential especially in Baghdad belt. " 
    He added that "there is no soft loans by the banks to finance the purchase of housing units , " stressing that " the loans given by the Land Bank amounting to 50 million dinars to buy a caravan and not buy a house or a building." 
    He explained that " the interest rate on mortgages in Iraq , amounting to 6% and up times to 7% , while in the majority of countries in the world that interest financing loans amounting to 1%." 
    On the other hand, a spokesman for the Ministry of Planning, Abdul Zahra al - Hindawi said the "long" that "Iraq is experiencing a housing crisis is not the result today because of the lack of investment in the housing sector , " noting that " the country needs 2.5 million housing units to end the crisis." 
    He added that "7% of Iraq 's population , live in slums scattered generality of the country that have affected the aesthetic major cities , " adding that " the recession witnessed by the real estate market due to the economic crisis that the country experienced due to lack of liquidity." 
    He pointed out that "property prices have fallen because of the recession , " stressing that " the state is now moving to invest in the housing sector through the payment projects on credit." 
    In the meantime, said economist Abdul Rahman al - Mashhadani , "long", " The recession in the real estate sector last year reached nearly 50%, the increase in the coming days because the government is moving to increase deductions from employees , " adding that " the real estate sector adopted during the last period on the staff through the establishment of the state Btzlifam to buy homes and land. " 
    He added that " the state 's refusal to give contractors and farmers funds amounting to nearly $ 6 billion impact on the real estate sector because contractors are their investments through real estate sector." 
    He explained that " the citizen resorted to the land is divided into small plots of 50 meters in order to sell them faster option because large areas are very large prices and difficult to sell , " noting that "austerity policy practiced by the government had a huge impact on the real estate sector and made citizens resort to compactness because of the unknown future! "
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