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[size=52]Deputy: Residential investment complexes will not solve the crisis due to their high prices[/size]
- Today 13:25
Information / Baghdad..
Representative Ahmed Al-Moussawi confirmed, on Saturday, that there is no economic feasibility for establishing residential investment complexes due to their high prices.
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Al-Moussawi said in an interview with Al-Maalouma, “The average price of a residential unit in investment complexes in Baqubah ranges from 300-325 million dinars, meaning that it was not built for the poor, the families of martyrs, or the middle-income, and it can only be owned by the well-off.”
He added, “There are influential people who took land in the heart of Baqubah to turn it into residential complexes, and others seized agricultural lands, bulldozed them and sold them to the people without any services, which created major problems.” He pointed out, “It is not possible to solve the housing crisis without a comprehensive vision that takes into account the extent of the need of the simple people and the rest of the segments for units.”
He pointed out that “the file of investment and land leveling needs to be reconsidered according to paths that contribute to serving all segments and address the housing crisis in a real way while providing basic services.” Diyala has been suffering from
a stifling housing crisis for years, which has exacerbated the leveling of agricultural land and slums. Ended 25
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Representative Ahmed Al-Moussawi confirmed, on Saturday, that there is no economic feasibility for establishing residential investment complexes due to their high prices.
[You must be registered and logged in to see this link.]
Al-Moussawi said in an interview with Al-Maalouma, “The average price of a residential unit in investment complexes in Baqubah ranges from 300-325 million dinars, meaning that it was not built for the poor, the families of martyrs, or the middle-income, and it can only be owned by the well-off.”
He added, “There are influential people who took land in the heart of Baqubah to turn it into residential complexes, and others seized agricultural lands, bulldozed them and sold them to the people without any services, which created major problems.” He pointed out, “It is not possible to solve the housing crisis without a comprehensive vision that takes into account the extent of the need of the simple people and the rest of the segments for units.”
He pointed out that “the file of investment and land leveling needs to be reconsidered according to paths that contribute to serving all segments and address the housing crisis in a real way while providing basic services.” Diyala has been suffering from
a stifling housing crisis for years, which has exacerbated the leveling of agricultural land and slums. Ended 25
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