High housing prices due to limited supply and growing demand

High housing prices due to limited supply and growing demand



7/18/2017 0:05

BAGHDAD / Shokran Fatlawi
attributed the economic expert reasons for the high housing prices in the inflation report released by the Central Bureau of Statistics, the Ministry of Planning on Monday, not to meet the growing need for citizens to obtain adequate housing, in addition to the limited width of housing units in exchange for increased demand, it which contributed significantly to this increase. He d. Hamid Punitive in an interview for "morning" that the solution lies in the expansion and increase the number of private sector Sheltered and residential projects, as well as the delay in the completion of projects as a result of the financial conditions experienced by the country. Announced on Monday the Ministry of Planning, low inflation for the month of June rate by 0.5 percent, the annual inflation rate of 0.1 percent, attributed the reason to "lower section of food prices by 2.8 percent, compared with a rise section housing prices by 2.4 percent , " asserting that the survey did not include the provinces Anbar and Nineveh because of the security situation in them.
The official spokesman for the Ministry of Planning Abdul - Zahra al - Hindawi said in a statement the "morning" received a copy of the "Central Bureau of Statistics completed the inflation report for the month of June 2017 based on field data collection on the prices of goods and services components of the consumer basket of selected sample of sales outlets in the provinces of Iraq all, "noting that" these rates are calculated for goods and services that food, rent, transportation, communications, health, education and other , which include consumer is keeping. "
He Hindawi said "inflation for the month of June indicators saw a decrease of 0.5 percent compared to the previous month, in addition to a decline in annual inflation by 0.1 percent compared to May 2016 a month." " The survey was conducted during the month of June did not include the provinces of Anbar and Nineveh because of the security situation witnessed in these provinces." It is said that the Center for Statistics and Information Technology announced in January , 2012, he began using mechanization in the collection of different prices and times specified time instead of paper form in place previously, stressing that it will contribute to the speed of price collection and accuracy, and correct calculation in case of errors. According to economic research, the reasons for the emergence of inflation as a result of various factors , notably inflation arising from the costs, inflation resulting from the demand, which is arising from increased demand , which is accompanied by a fixed goods and services of view, as the rise in aggregate demand is not offset by an increase in production, resulting in size to the rise in prices, inflation and winning from the Faculty of changes in the composition of aggregate demand in the economy, and finally inflation resulting from the exercise of the economic blockade against other countries.

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