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Economic determination of “bubble” real estate prices in Baghdad.. What about selling a square meter for “26 thousand dollars”?
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Economy News - Baghdad
Today, Thursday, economic expert Mustafa Hantoush identified the “bubble” real estate prices in the capital, Baghdad, and while he confirmed that some real estate properties are “clear money laundering” operations, he touched on the sale of some real estate for 26 thousand dollars.
Hantoush said in an interview with Al-Iqtisad News, “Some real estate in some areas of the capital, Baghdad, are clear money laundering operations, that is, an attempt to buy real estate for any amount, after it was stolen from the state,” stressing that “The Central Bank of Iraq confirmed that 500 million dinars “It will be a real estate buying and selling event.”
He added, "The bubble prices of real estate in upscale areas, and in light of money laundering, I believe that their prices reach between 12 and 16 thousand dollars. As for the price of 26 thousand dollars, perhaps it refers to commercial real estate or those that are located in commercial streets," ruling out "the existence of real estate in The capital, Baghdad, reaches this large amount.”
Earlier, the Parliamentary Integrity Committee confirmed that the price per meter in Mansour and Karrada rose to 26 thousand dollars.
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Added 06/20/2024 - 12:36 PM
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Economy News - Baghdad
Today, Thursday, economic expert Mustafa Hantoush identified the “bubble” real estate prices in the capital, Baghdad, and while he confirmed that some real estate properties are “clear money laundering” operations, he touched on the sale of some real estate for 26 thousand dollars.
Hantoush said in an interview with Al-Iqtisad News, “Some real estate in some areas of the capital, Baghdad, are clear money laundering operations, that is, an attempt to buy real estate for any amount, after it was stolen from the state,” stressing that “The Central Bank of Iraq confirmed that 500 million dinars “It will be a real estate buying and selling event.”
He added, "The bubble prices of real estate in upscale areas, and in light of money laundering, I believe that their prices reach between 12 and 16 thousand dollars. As for the price of 26 thousand dollars, perhaps it refers to commercial real estate or those that are located in commercial streets," ruling out "the existence of real estate in The capital, Baghdad, reaches this large amount.”
Earlier, the Parliamentary Integrity Committee confirmed that the price per meter in Mansour and Karrada rose to 26 thousand dollars.
Views 13
Added 06/20/2024 - 12:36 PM
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