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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 housing crisis changed the Iraqis' attitude towards housing.. How did vertical construction over

    Rocky
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    The housing crisis changed the Iraqis' attitude towards housing.. How did vertical construction over Empty The housing crisis changed the Iraqis' attitude towards housing.. How did vertical construction over

    Post by Rocky Fri 24 May 2024, 4:31 am

    The housing crisis changed the Iraqis' attitude towards housing.. How did vertical construction overcome horizontal construction?

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    Economy News - Baghdad
    [rtl] In recent years, Iraqis have turned to vertical housing in complexes with good services. This was affected by the change in the housing culture in general, and the view on the characteristics of the family home.[/rtl]
     
    [rtl]Among the changes in social customs that Iraqis have witnessed in recent years is their shift from living in horizontal buildings to vertical ones within complexes and buildings, the majority of which include three-room apartments, something that was not familiar to them about two decades ago.[/rtl]
     
    [rtl]Usually, Iraqis, in keeping with their inherited social culture, live in an independent house, regardless of its size, within a residential neighborhood, and housing options are based on the capabilities available to the head of the family, which has made cities contain upscale, middle and poor neighborhoods, but even the poor ones contain independent houses, Although they are modest in terms of designs and materials used in their construction, the primary goal is to meet the family’s housing requirements.[/rtl]
     
    [rtl]About two decades ago, the criteria for Iraqis choosing their places of residence changed, after they faced difficult economic conditions due to wars and conflicts that reduced job opportunities for some of them, and thus reduced financial incomes, which were also affected by the rise in prices and the decline in the level of services, as well as by the problem of the continuous increase in the population.[/rtl]
     
    [rtl]In light of these prevailing circumstances, it has become difficult for Iraqis to obtain independent homes, as was the case in the past, and investment companies have begun to establish residential complexes according to the vertical housing system, while providing services that are currently lacking in neighborhoods that include horizontal housing.[/rtl]
    [rtl]The success of the vertical housing experiment made investors continue to create residential complexes that also included high-end, high-cost housing, in which the wealthy flocked to live.[/rtl]
     
    [rtl]Investors and real estate investors who spoke confirmed that "residential complexes in Iraq are the future of profitable investment for businessmen." One of them, Munir Al-Khalidi, who invests in establishing real estate projects in several countries in the region, says, “Iraq provides an important platform for receiving a large number of projects, in light of the need for more than 3 million housing units.”[/rtl]
     
    [rtl]He points out that the current residential complexes, one of which he intends to participate in, "provide a suitable housing opportunity for people with limited income who can own apartments in installments at reasonable prices, and are distinguished by their many services that regular residential neighborhoods do not enjoy."[/rtl]
     
    [rtl]The Iraqi government decided to implement huge housing projects of this type. Prime Minister Muhammad Shiaa Al-Sudani announced at the end of last January that the government had signed a contract with an Egyptian real estate development company to build the new Ali Al-Wardi residential city southeast of the capital, Baghdad. He described this project as "the largest among the construction projects of five modern cities."[/rtl]
     
    [rtl]Al-Sudani said: “The government’s strategy for solving the housing crisis includes creating cities that enjoy infrastructure services and include thousands of different housing units that suit all categories of citizens.”[/rtl]
     
    [rtl]Al-Sudani pointed out that "residential city projects are the first of this size and capacity in the history of Iraq, and come within the framework of the government's commitment to finding radical and sustainable solutions to the housing crisis."[/rtl]
    [rtl]Citizen Fadel Al-Janabi says that he was lucky to buy two apartments in the modern residential city of Bismaya in Iraq, which opened in 2013. He adds, “The demand for housing in this city increased after citizens’ confidence in the good services provided there was strengthened, which was in the interest of choosing vertical housing at the expense of horizontal.” ".[/rtl]
     
    [rtl]He continues: "The prices of apartments later rose significantly in the city of Bismaya, which also changed the Iraqis' outlook on vertical housing, and increased their desire to purchase homes from similar projects."[/rtl]
     
    [rtl]Real estate expert Moayad Hassan states, “While the latest government census reveals that the population of Iraq has exceeded 43 million, this constitutes one of the most prominent reasons for the country’s need for additional housing units. The other reasons for the housing crisis are related to the lack of job opportunities and wages, and the lack of new housing projects to support them.” Country".[/rtl]
     
    [rtl]He points out that “with the increase in population and the shortage of available housing units, people may find that vertical housing is the only option available to them, knowing that housing units in vertical buildings are cheaper than horizontal houses due to the use of smaller spaces and the sharing of some services and facilities, which makes Iraqis more inclined to To buy it."[/rtl]
     
    [rtl]He adds: "The vertical buildings built in Iraq contain facilities and services, such as gymnasiums, swimming pools, green spaces, shopping centers, schools, health centers, and various types of services, all of which were created in a thoughtful manner, which increases the attraction of Iraqis to live in them."[/rtl]
     
    [rtl]In turn, Ziad Ibrahim, the owner of a real estate office in Baghdad, believes that “the shift to vertical housing is no longer strange to Iraqi society, even though this matter was not expected more than two decades ago. It seems clear now that the future is for residential complexes and vertical housing, and this is what we are reading.” We are all professionals in the real estate field, but that does not mean dispensing with horizontal housing.”[/rtl]
     
    [rtl]He added: “It is true that people who live in apartments within residential complexes are satisfied with the available services, most notably electricity, which the country has been suffering from for years, but they will move to horizontal housing in independent homes as soon as positive changes occur, whether in their financial conditions or if services are provided in Various cities, and the state’s support for citizens in obtaining independent housing.”[/rtl]
     
    [rtl]According to Ibrahim, Iraqis show their longing for independent houses, which they consider part of their culture, heritage, and memories, so this type of housing will continue to exist no matter how many vertical dwellings increase.[/rtl]
    [rtl]Iraq needs to create 3 to 3.5 million housing units to reduce the chronic crisis in this sector, and in an attempt to reduce the gap, the government began establishing 52 residential cities in the central and southern governorates, in addition to housing complexes and various loans to build, renovate and purchase housing units, in solutions described as “ “The radical solution” to solve the dilemma that worries millions in the country.[/rtl]
    [rtl]The authorities have been trying hard for about 5 years to address the housing crisis by launching plans that are compatible with the population of more than 43 million people, in addition to relying on procedures to facilitate citizens’ access to loans with acceptable interest.[/rtl]
    [rtl]Plans have been launched that primarily target the poor and middle classes, as many residents, especially the middle and poor classes, face obstacles in obtaining housing due to the astronomical prices, which were the results of wrong planning policies over two decades, in addition to the spread of corruption.[/rtl]
    [rtl]Regarding the role of these residential complexes in reducing the housing crisis in Iraq, the spokesman for the Ministry of Construction and Housing, Istabraq Sabah, says, “There are approximately 190,000 housing units in the cities of (Al-Jawahiri, Ali Al-Wardi, and Al-Ghazlani) only, but when counting dozens of other cities in the rest of the central governorates.” And in the south, it will limit the housing crisis.”[/rtl]
    [rtl]Also, reducing the housing crisis is not limited to residential cities, according to Sabah. Rather, there are residential complexes carried out by the Housing Department, and there are thousands of loans for construction and renovation that the Real Estate Housing Fund disburses monthly, in addition to thousands of loans that are launched from the Real Estate Bank affiliated with the Ministry of Finance monthly to purchase Housing units.[/rtl]
    [rtl]The Iraqi Council of Ministers decided, in the tenth regular session held on March 7, 2023, to form a high-level team to develop solutions to end the housing crisis in the country, taking into account the poor and low-income classes.[/rtl]
    [rtl]On November 8, 2022, Prime Minister Muhammad Shiaa Al-Sudani stressed the importance of implementing new serviced cities that have infrastructure according to an economic model and commitments between the government and the citizen, and not just distributing plots of land that lack services and produce distorted cities.[/rtl]
    [rtl]With the crisis that erupted over the past years due to the huge number of Iraqi residents and their increase year after year, the price of one residential meter in popular areas reached a thousand dollars despite their lack of the most important basic services.[/rtl]
    [rtl]In this context, the spokesman for the Federal Ministry of Planning, Abdul Zahra Al-Hindawi, revealed that the size of the housing units that Iraq needs to overcome the chronic housing crisis exceeds 3 million housing units.[/rtl]
    [rtl]Al-Hindawi said that this deficit in the number of housing units “came as a result of long decades of war that began in the 1980s and increased during the period of the imposition of the economic blockade (1990-2003), and then worsened during the past twenty years.”[/rtl]
    [rtl]According to Al-Hindawi, “during that period there were no large projects that met the housing needs of citizens, nor were plots of land or housing units distributed, in exchange for a significant increase in population growth rates, causing us to have a massive housing crisis that is disturbing the lives of Iraqis.”[/rtl]
    [rtl]Meanwhile, economic researcher Bassam Raad criticized housing policies that are still unable to bridge the gap between supply and demand, and the deficit in the housing sector is still high and estimated at more than 3 million housing units, in addition to the lack of serviced residential lands that can be distributed and built.[/rtl]
    [rtl]Despite the tendency to invest in this sector by granting investment licenses to build residential complexes, housing prices in those complexes have reached astronomical numbers for the middle and poor classes, while they were supposed to be at reasonable and accessible prices, according to what Raad confirms.[/rtl]




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