Author: Yasser mutawalli
Real estate trade is very popular and guide offices spread
buying and selling luxury real estate in Baghdad and the provinces ,
and this is one of the real estate sector growth indicators despite the crisis
financial afflicting the country , what means this
In order to know what do you mean this phenomenon? We search the reasons rising real estate prices in Baghdad from the highest prices even in European cities.
A question prepared by economists very important for it
must be admitted the validity of what we went in most of the
previous economic of our analysis that all economic theories in the world did not apply to the Iraqi economy and why of course , contradictions, chaos and lack of planning and practical application.
The reason may seem at higher prices
that there is a high demand offset by high purchasing power and this demand coupled with the existence of actual need for housing was estimated at previous statistics , three and a half million housing units and you can imagine the size of prices in light of this demand.
If we observed growth rates of a million people each year , according to the latest statistics of the Ministry of Planning and Development Cooperation means that an increase in demand because of family fission.
Then there inherited a culture of parents and grandparents in the real estate "King" the best asset to Azza love of ownership increases the demand with the availability of PPC high layers of social segments emerged after the change the effect of the high demand, then that Baghdad is the capital demand for high real estate cultural and social considerations and service.
Although large and extensive migration of Iraqis and the liquidation of their property and buy alternative in the countries of the world , we believe
prices are higher so we say that our economy is whimsical and with the above remains the need for attention to the housing sector in order to address such contradictions and most importantly addressing the intractable crisis of social segments incapable of real estate prices.
Despite the new trends of government banks in lending to those who wish to purchase housing units , and this proposal it has always called him "morning" in the columns of press and in this particular field, this is not enough to resolve the housing crisis unless you investment bodies to attract specialized foreign companies to accelerate the implementation of housing projects, and at that He could die to a decline in real estate prices and allowing for all segments of ownership.
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