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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The rise in the dollar hits the real estate market in Anbar

    Rocky
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    Rocky
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    • Post n°1

    The rise in the dollar hits the real estate market in Anbar Empty The rise in the dollar hits the real estate market in Anbar

    Post by Rocky Fri 24 Nov 2023, 4:33 am

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    [size=52]The rise in the dollar hits the real estate market in Anbar[/size]

    [size=45][You must be registered and logged in to see this image.]
    Anbar - Diyala
    The economic recession spreads from foodstuffs through consumer goods to the real estate market, causing an almost complete cessation of buying and selling.[/size]
    [size=45]The rise in the dollar exchange rate is not the only reason. Purchasing real estate at high prices, more than its actual value, and raising the value of lands and houses, confuses the ability of people with limited income to purchase them.[/size]
    [size=45]Dozens of real estate offices in Anbar have stagnated and closed their doors, and those remaining say that seizing thousands of lands and stopping their promotion judicially are among the most important reasons for this stagnation in Anbar, in addition to the rise in the dollar exchange rate.[/size]
    [size=45]This high price pushes citizens to look for places outside the cities, and although they are far away, they are cheaper, and this problem is not limited to Anbar only.[/size]
    [size=45]In Diyala, and in Baqubah in particular, real estate prices have jumped to two or more times what they were years ago, and the city center has become the preserve of the wealthy and influential.[/size]
    [size=45]The price of one square meter in the center of Baqubah, especially the Tabu Street and Al-Hajiya River areas, reaches 10 million dinars or more for commercial sites, and exceeds one million dinars in the rest of the neighborhoods and regions, as the dreams of middle-income people of owning a home in the center of the city have become impossible.[/size]
    [size=45]According to experts, the rise in real estate prices is a result of the increased demand for their purchase by influential people and merchants at ridiculous prices and their use in money laundering, while warnings of a further increase in prices during the coming period are increasing in the event that government measures are not taken that contribute to controlling buying and selling in Diyala and other cities. Iraq.[/size]
    [size=45]Report: Nabil Azami
    Ali Al-Anbaki[/size]
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