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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 dollar falls in real estate prices in Kurdistan.. What is the relationship between the people of

    Rocky
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    The dollar falls in real estate prices in Kurdistan.. What is the relationship between the people of Empty The dollar falls in real estate prices in Kurdistan.. What is the relationship between the people of

    Post by Rocky Thu Oct 19, 2023 8:40 am

    The dollar falls in real estate prices in Kurdistan.. What is the relationship between the people of the center and the south?
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    Baghdad today - Sulaymaniyah
    After citizens in the central and southern governorates were fleeing from the high prices in their areas to the governorates of the region to buy real estate due to their relative decline, the rise in dollar prices affected the real estate market in the governorates of the region as well, which observers described as “clinical death,” as demand for property decreased. Purchasing real estate in the region for a percentage of up to more than 25%.
    In an interview with Baghdad Today, the expert specializing in economic affairs, Miran Saeed, reveals the reasons for the decline in real estate prices in the region.
    Saeed says, today, Thursday (October 19, 2023), that “there are a number of reasons behind the decline in real estate prices in the cities of the region, the most important of which is the dollar crisis and the instability of its exchange rate, since most residential complexes and houses are sold in dollars, and this led to the reluctance of Kurdish citizens, even from the center and the south.” To come to Kurdistan."
    He added, "The economic crisis and the non-payment of employee salaries is also one of the most important reasons for the decline in the prices of real estate complexes, in addition to the presence of momentum in the number of complexes that exceed the needs of the residents of the cities of the region, especially in Sulaymaniyah. This confirms the existence of money laundering and random political investments, without regard to the need of the people." .
    On August 23, 2023, economic expert Farman Hussein confirmed that the real estate sector in the Kurdistan region has been clinically dead for years, while reviewing 3 reasons that led to a 25% drop in prices.
    Hussein said in an interview with "Baghdad Today" that "the real estate sector has suffered a major setback, and most real estate trading offices have begun to close their doors, due to the lack of sales or purchases of apartments and residential houses."
    He added, "During the last two years, especially after the Corona virus crisis, and as a result of the continuing financial crisis and the non-payment of employee salaries, the real estate market suffered huge losses, and prices fell by 25%."
    He stated that “this decline is natural, as a result of the absence of government loans or loans from banks, and there are no sales of apartments and residential houses in convenient installments, and most of the sales are only within residential complexes, and to people from outside the Kurdistan region, especially after the facilities provided by the regional government.” , which allowed those from outside Kurdistan to own property within the region.”
    On the other hand, Iraqis are suffering from a significant rise in real estate prices in the central and southern regions, especially the capital, Baghdad, where nearly a quarter of Iraqis are concentrated. While the residential investment complexes that were supposedly established to solve the housing crisis have not succeeded, they have become vulnerable to investment and speculation by those with money, and rarely These housing units are often purchased by people or families who are already suffering from a housing crisis.
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