The Central Real Estate Initiative.. popular anger and a parliamentary vow to discuss the latest amendment[You must be registered and logged in to see this link.] |Today[You must be registered and logged in to see this image.]
Baghdad today - Baghdad
The recent amendment of the Central Bank of Iraq on the housing initiative caused an uproar in the popular and political circles, amid constant questions about the reason for this amendment, and whether it was a positive or negative decision.
The amendment came to reduce the repayment period from 20 years to 15 years with regard to real estate bank loans for the purchase of housing units inside and outside investment complexes, and to 10 years for housing fund loans responsible for renovation and construction loans. The amendment also included a return of interest of 2%, instead of a one-time commission of 5%