Citizens complain about rising rents dramatically

by **Rocky** Thu Aug 21, 2014 8:21 am

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Citizens complain about rising rents dramatically

by Rocky Thu Aug 21, 2014 8:21 am

Citizens complain about rising rents dramatically

BAGHDAD / Abdul Rashid Saleh

Citizens from across the deep dissatisfaction due to high prices of rent and the purchase price of square meter of land in Baghdad, and among traders that the real estate buying and selling contingent upon the stability of the security situation, economists stressed that the investment is a perfect solution to the problem of housing shortage and high rents.

She citizenship Sana Mohammad resident of 60th Street in the session in an interview for the "long", "The rents are high in the region in spite of the absence of acts of buying and selling real estate." "The region suffers the deterioration of the security situation compared with the rest of the areas of the capital, but this does not preclude the high rents." In the same vein, said the citizen Ahmed spring of the inhabitants of the area Qadisiyah, that "the cheapest home for rent in the region of 850 000 dinars, which is a large sum can not families limited income to pay," noting that "the existence of four staff members in the house alone makes them unable to pay such a amount. " He continued Spring "As for the purchase price per square meter at the lowest estimate amounts to two and a half million dinars," adding that "this price is in the region shoddier neighborhoods." In turn, said Yassin Hussein, a shop owner of real estate in a statement to the "long", that "the process of buying and selling houses and residential real estate depends on the stability of the security situation in each area," noting that "high rents and the price per square meter varies depending on areas."
He Hussein that "areas inhabited by a certain range is characterized by being closer to the popular, but with this Prices are high as a result of the stability of the security situation is relatively, "pointing out that" this is reflected in the areas inhabited by the other sect, where the houses and wide, but their prices lower because of the deteriorating security situation ". For his part, said economic expert Dargham Muhammad in an interview for the "long", that "high rents exist in Baghdad and most of Iraq's provinces," noting that "the reason is due to the limited supply and increased demand as a result of the large numbers of displaced people to the provinces and that number exceeded two million people."
he added Mohammed said that "the displaced are looking for real estate prices fit with a certain income to be filled, causing bid on these properties and thus increase the rent." He noted that "the equation of supply and demand is determine the price in Baghdad and other provinces," pointing out that "the high price of rent allowances is one of the reasons the annual inflation in Iraq, because of the lack of construction of new housing units and the growing need by the citizens of the new housing units."
However, saying that "immediate solutions are not useful and should be expanding construction projects across the investment because the efforts of the State is not able to solve this crisis because of the limited potentials," stressing that "investment is the best solution to the issue of expansion to build residential complexes."
and noted that "the need to move away from the capital densely populated and orientation places nearby to distribute the population density of the capital to the parties, as well as keep the pressure on the Roads and Transport. "
suffer the children of Baghdad, the high price of rent which is causing problems for them, especially since most of them do not have a home, which pays to search for a home suit and his monthly income. The National Investment Authority agreed in 2011, with Korean companies and American to build 200 thousand residential units in Baghdad and Basra, out of a million units seeking to implement them for the end of 2014, and opened a body in (25 September 2011), the door registration via its website on these housing units After that showed that the priority registration will be for employees and then retired, and citizens but implementation was delayed, and the head of the investment attributed to the recent negotiations with the Korean company is executing the project. Iraq suffers from a severe housing crisis due to the increasing number of population, compared with the number of residential complexes, in addition to the inability of the citizen with limited income from the construction of residential units of its own, because of the high cost of land and construction materials.

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