16 hours ago
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Today, Tuesday, economic expert Jalil Al-Lami suggested that real estate prices would decline in the capital, Baghdad, during the coming period, while he attributed its rise during the last period to the disbursement of 1.5 billion dollars of tax theft money on the purchase of real estate in the most expensive areas of the capital.
Al-Lami said in a statement to which I was briefed, “The rise in real estate prices, especially in the capital, Baghdad, occurred as a result of money laundering and money laundering,” noting that “this money was previously smuggled abroad, but the economic crises that faced neighboring countries such as Turkey and Lebanon pushed the owners of capital And in the same way, to return to Iraq.”
He added, "Initial information indicates that the sums disbursed from the Grand Theft of the Century to buy real estate in Baghdad alone are estimated at more than one and a half billion dollars, which is a very large amount."
The economic expert explained, "Real estate prices will witness a decrease after the cessation of waste operations in state funds, most of which go to the purchase of residential homes and real estate, especially after the changes that have occurred recently." “.
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