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[size=46]Parliamentary movement to prepare new controls for housing unit prices[/size]
Iraq
11:20 - 10-23-2022
[You must be registered and logged in to see this image.]11:20 - 10-23-2022
The Investment and Development Committee in the House of Representatives announced, on Sunday, its intention to prepare new controls for the price of housing units during its upcoming meetings, in light of the significant increase in their prices.
Committee member Hussein Al-Sabri said, "The committee discussed the issue of the high prices of housing units, despite the fact that the land on which the units are built is free," noting that "the disruption of the work of Parliament and the meetings of the committees during the past period led to a delay in preparing the new controls, as there will be integration between The legislative and executive authorities in the field of investment, including housing projects.
Al-Sa'bri stressed "the importance of limiting the large rise in housing unit prices, as the investor is currently making a profit by selling the units at a price ranging between 200-400 thousand dollars."
And he indicated that "the price of the units must be determined according to the type of building and the technical issues of each building and area, as the matter cannot be subject to the opinion of the investor and sets prices with large profits."
Al-Sabri pointed out that "the committee noticed that most of the investment projects are heading towards malls, at a time when it was stressed the need to invest in other areas such as industrial factories, agriculture and housing units, because these areas have benefit and direct contact with citizens."
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