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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


    Housing crisis: homeless Iraqis and unplanned projects

    Rocky
    Rocky
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    Housing crisis: homeless Iraqis and unplanned projects Empty Housing crisis: homeless Iraqis and unplanned projects

    Post by Rocky Sun 14 Apr 2024, 4:50 am

    POSTED ON[You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]

    [size=52]Housing crisis: homeless Iraqis and unplanned projects[/size]

    [size=45]Yesterday, Saturday, the Ministry of Construction and Housing confirmed that Iraq needs 3 million housing units to eliminate the housing crisis, noting that the new city projects will provide about 250,000 housing units, indicating that the price of one meter of an apartment is 900,000 dinars.[/size]
    [size=45]The ministry’s spokesman, Nabil Al-Saffar, said in an interview with Al Mada: “Investment companies have begun conducting soil surveys and installing their own laboratories,” indicating that his ministry “has set 3 years to complete the first phase of new city projects.”[/size]
    [size=45]He added, “There are five residential cities that have been announced, which are Al-Jawahiri City, which will provide 40,000 housing units, Ali Al-Wardi City, in which 120,000 housing units will be built, and Al-Ghazlani City in Nineveh Governorate, which will provide 28,000 housing units,” pointing out that “the city of Rafaf Karbala It will provide the people of the governorate with 21,000 housing units, while the city of Al-Janain in Babylon will provide 12,000 housing units, with a total of 200,000 housing units to a quarter of a million units,” adding that “according to the feasibility study submitted, the price per square meter for a housing unit will be 900,000 dinars.”[/size]
    [size=45]He continued, "The only solution to eliminate the housing crisis is to build new cities," noting that "the Ministry of Planning's studies confirm Iraq's need for 3 million housing units," pointing out that "the government program includes including 15 residential cities in 15 governorates, and when they are completed... The governorates that sort the lands will cooperate with the Ministries of Agriculture and Finance to own them to municipal institutions in accordance with the Law on Ownership of Plots and Princely Buildings No. (3) of 1960 in order to present them to the team formed headed by the Minister of Construction and Housing and present them as investment opportunities.[/size]
    [size=45]Unit shortage[/size]
    [size=45]Last January, the Minister of Construction and Population, Benkin Rekani, announced the deficit rate in housing units in all Iraqi governorates, while noting that the capital, Baghdad, topped the list of Iraqi governorates with the deficit rate.[/size]
    [size=45]According to statistics published by Rikani, which Al Mada reviewed, “the population deficit is the lack of housing units, as a result of the imbalance in the number of housing units that exist as a reality or are required in the future with the number of families.”[/size]
    [size=45]The statistics show, “The capital, Baghdad, leads the deficit in housing units, reaching 31%, while the number of viable housing units, completed and uncompleted, reached 1,132,548.”[/size]
    [size=45]According to the statistics, “Nineveh Governorate came in second place, after the capital, with a rate of 23%,” while third place went to Basra Governorate, with a deficit rate of 10%.[/size]
    [size=45]Vertical construction[/size]
    [size=45]For many years, vertical construction was not popular among Iraqis, but today it has become one of their options in confronting the worsening housing crisis, especially after real estate prices in the country witnessed an obscene rise, and after successive governments failed to address the crisis or organize the lives of those forced to live in In slums or in preventing the razing of tens of thousands of lands and agricultural orchards, specialists believe that vertical construction has become a point of attraction that depends on the extent of the availability of services therein and the proportionality of its prices with citizens’ incomes, as it can constitute an important solution, stressing the necessity of building housing and distributing it to people instead of distributing Lands where their owners are unable to build them.[/size]
    [size=45]Corruption and laws[/size]
    [size=45]Many observers believe that administrative corruption and money laundering operations have prompted investment in real estate, and then raised its value to numbers that are almost imaginary at times, as the prices of some real estate have doubled several times within a few years, and the decline in confidence in the banking system has also encouraged citizens to Investing in real estate to preserve the value of their money.[/size]
    [size=45]Iraq lacks laws that regulate real estate, whether selling or renting, unlike the countries of the region that regulate this process by law, determine the annual increase price, guarantee the rights of both parties to the contract in rents, and determine the value according to what the state deems consistent with the nature of wages and the general economic situation.[/size]
    [size=45]Last year, according to the Mercer index of the best and worst cities in the world to live in, which collected 231 cities, Baghdad came in last place as the worst city to live in, shared with the Syrian capital, Damascus.[/size]
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