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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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    The high prices of housing rents in Iraq, and economists explain the causes and solutions

    Rocky
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    The high prices of housing rents in Iraq, and economists explain the causes and solutions Empty The high prices of housing rents in Iraq, and economists explain the causes and solutions

    Post by Rocky Sun 07 May 2023, 4:02 am

    [size=35][size=35]The high prices of housing rents in Iraq, and economists explain the causes and solutions[/size]
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    May 7, 2023 | 02:56
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    Alsumaria News - Economy

    The Iraqi governorates, particularly the capital, Baghdad, witnessed, during the last period, housing rents increased in varying proportions, except for the governorates of the Kurdistan region, at a time when economists explained the reasons for the rise and ways to address this phenomenon.


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    * Exceeding the 50% barrier,
    economist Manar Al-Obeidi said in a post followed by Alsumaria News, that "housing rents have increased in varying proportions in various governorates of Iraq compared to 2012, with the exception of the provinces of the region in which Rents have decreased or have not changed since that time, and housing rents have also increased in some governorates, it exceeds the 50% barrier, as shown in the diagram below.



    * Reasons and solutions
    He added that "this increase is caused by the absence of a strategy for housing and real estate investment, and it is considered a major failure of investment policies and policies of housing initiatives, which were unable to achieve the main goal, which is to provide housing at reasonable prices for the Iraqi citizen," noting that "the region[You must be registered and logged in to see this link.]Adopting a clear expansionary policy that led to a decline in rent prices through vertical and horizontal expansion, investment mechanisms, and without financing initiatives.

    On the other hand, more than 11 trillion dinars were spent on housing and construction initiatives, and they were consumed on projects that did not take into account the necessity of leaving the city center, which He preserved and increased their prices and high rents, and this is a defect that is attributed to the Investment Authority, which is losing its real estate and residential investment strategy

    .[You must be registered and logged in to see this link.]It grows by 2.5% annually, with an increase in its population amounting to more than one million people annually, and the number of citizens under the age of 20 years is around 15-20 million people, and this number during the five and ten years will put great pressure on housing and rents, and it is likely that rents will continue to rise unless they are Adopting plans to build more than ten new cities outside the current cities and build no less than 10 million housing units, and this requires calibrating the plans of investment agencies with the financing policies of banks and[url=https://www.alsumaria.tv/Entity/2502332837/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D8%AA%D8%AE%D8%B7%D9%8A%D8%B7/ar/]The Ministry of Planning[/url]And[url=https://www.alsumaria.tv/Entity/235243997/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D8%A5%D8%B3%D9%83%D8%A7%D9%86/ar/]Ministry of housing[/url]And

    he stated, "As for continuing to build complexes inside cities, this is nothing but shifting the problem from one region to another, especially since most projects are not considered suitable housing at reasonable prices for young people looking for housing."

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    People complain about the high cost and the high rent prices for apartments and real estate in the capital[You must be registered and logged in to see this link.], especially in the regions of Karrada and[You must be registered and logged in to see this link.]And Jadriya, center[You must be registered and logged in to see this link.]And its lungs and face before the world.

    According to Alsumaria correspondent, the lowest price for renting apartments in Karrada and[You must be registered and logged in to see this link.]Approximately 500 thousand Iraqi dinars,” adding that “prices go up from 500 thousand to one and a half million Iraqi dinars for residential apartments, according to their size, cleanliness, and modernity in terms of construction.” Usually, apartment rent prices are appropriate in the rest of the Iraqi governorates, whether in the

    south of it, the center, or a region[You must be registered and logged in to see this link.]As the rent prices for apartments in these governorates start from 200,000 dinars, and reach a maximum of 650,000 dinars, and the normal average for prices is 400,000 Iraqi dinars.
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