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[size=52]Economic: Reducing real estate prices is not linked to an increase in the number of residential complexes[/size]
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Information / Bagdad...
On Thursday, researcher in economic affairs, Muhammad Al-Saadi, criticized the continued rise in real estate prices without setting restrictions or conditions by the government to determine the prices of residential areas, pointing out that increasing the number of residential complexes will not be a catalyst for lowering prices.
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Al-Saadi told Al-Maalouma, "Real estate has become a gateway to corruption, as many corrupt people have resorted to buying real estate at high prices instead of opening accounts in their names in private and government banks."
He added, "The corrupt people's tendency to buy real estate and land was the main reason for the increase in real estate prices, in addition to the lack of determinants for each residential area, which was behind the exploitation of real estate offices to raise prices to large, unprecedented levels."
And he indicated that "the trend towards building residential complexes is not a solution to reduce real estate prices, but rather it has raised its market value, because the housing units in the complexes have reached levels that exceed the prices of horizontal real estate." ended 25 n
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On Thursday, researcher in economic affairs, Muhammad Al-Saadi, criticized the continued rise in real estate prices without setting restrictions or conditions by the government to determine the prices of residential areas, pointing out that increasing the number of residential complexes will not be a catalyst for lowering prices.
[You must be registered and logged in to see this link.]
Al-Saadi told Al-Maalouma, "Real estate has become a gateway to corruption, as many corrupt people have resorted to buying real estate at high prices instead of opening accounts in their names in private and government banks."
He added, "The corrupt people's tendency to buy real estate and land was the main reason for the increase in real estate prices, in addition to the lack of determinants for each residential area, which was behind the exploitation of real estate offices to raise prices to large, unprecedented levels."
And he indicated that "the trend towards building residential complexes is not a solution to reduce real estate prices, but rather it has raised its market value, because the housing units in the complexes have reached levels that exceed the prices of horizontal real estate." ended 25 n
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