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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


    Sales manager: Iraqis bought more than 70,000 properties in London in 2014

    Rocky
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    Sales manager: Iraqis bought more than 70,000 properties in London in 2014 Empty Sales manager: Iraqis bought more than 70,000 properties in London in 2014

    Post by Rocky Sun 03 Sep 2017, 9:48 am

    Sales manager: Iraqis bought more than 70,000 properties in London in 2014

    economy Since 2017-09-03 at 15:26 (Baghdad time)

    Follow up of Mawazine News
    "The Iraqis bought more than 70,000 properties in London in 2014 alone," the sales manager at Britain's largest state-run real estate firm, Kader Khan, told Reuters. "This is more than all Gulf Arabs have bought in a quarter of a century in the same city."
    "I am sure they are not British citizens, but are working in the Iraqi government in senior positions, ministers, deputies and higher," said the British-born British-born Khan.
    In response to a question about why Iraqis are reluctant to buy real estate now, Khan did not give reasons for that, but he pointed to the decline in the figure in 2016 from 70 thousand to 21 properties only and reached the lowest level in 2017 with only 3 properties.
    "Perhaps Iraq's coffers are running out," a watchdog source said.
    The source said Iraqi officials and advisers in the Iraqi government mostly owned real estate in London and that they bought it after taking over government positions and it monitored the purchase of three ministers of real estate in London as well as a deputy minister and a former governor raised charges of corruption and daughters of a senior official in the State of Iraq and also serve as his advisers.
    Although London's properties are more expensive than gold and safe haven for the rich, there are fears these days of a painful correction in prices in the coming months. LONDON (Reuters) - Investors in London these days are likely to see a dramatic drop in British luxury property due to a profit tax that will come into effect in April.
    The profit tax on British property sales will be 28 percent. This tax is taken from the increase in the price of real estate "ie the difference between the purchase price and the selling price".
    Yassar Hassan, an Iraqi investor who tracks real estate in central London, said the British government followed the style of stimulating the world's wealthy from unstable countries. He said the stimulus was to give foreigners who invest in Britain permanent residence and the opportunity to obtain British citizenship in three or five years. Under the British residency laws, a foreigner who invests a quarter of a million pounds in a commercial partnership in Britain or a company that employs at least four British or European people is given permanent residence immediately. If a foreigner invests £ 1 million The foreigner will receive the British passport in five years, and if he invests 10 million pounds he will be granted immediate residence and the British passport in three years.
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