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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

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    An “abnormal” rise in real estate prices in Iraq and the housing crisis is worsening

    Rocky
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    • Post n°1

    An “abnormal” rise in real estate prices in Iraq and the housing crisis is worsening Empty An “abnormal” rise in real estate prices in Iraq and the housing crisis is worsening

    Post by Rocky Fri 22 Jul 2022, 5:14 am

    [size=38]An “abnormal” rise in real estate prices in Iraq and the housing crisis is worsening[/size]


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    Baghdad / Obelisk: Real estate in Iraq has become the most expensive in the countries of the region, in exchange for the worsening housing crisis and the large spread of slums and abuses on state property.
    Al-Monitor stated in a report that the lack of affordable housing is one of Iraq's most complex crises.
    He added that this coincides with the country's suffering from a severe shortage and deficit in housing units, estimated at 3.5 million housing units, according to the statistics of the Ministry of Construction, Housing, Municipalities and Public Works.
    He pointed out that multiple factors included an increase in the population, migration from the countryside to the city, the lack of financial and natural resources, crises and battles that lasted for more than four decades.
    The report talked about the impact of the consequences of the terrorist organization's invasion of large areas of the country and the destruction of homes, infrastructure and public facilities.
    He stressed that all these factors contributed to the aggravation of the housing crisis and increased the proportion of homeless and slums in cities and their suburbs.
    And the capital, Baghdad, includes the largest number of slums, about 1,000 slums, followed by Basra, with about 700 slums.
    He added that the estimates of the United Nations Population Settlements Program showed that Iraq's cities house nearly 70% of the country's population and that the population is increasing rapidly.
    The current Iraqi government is trying to find solutions to the crisis by launching several housing projects.
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