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Iraq needs 5 million housing units
Iraq 2024/07/11
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Experts in sustainable development, real estate and economic development have estimated that Iraq needs nearly 5 million fully serviced, organized housing units to end the housing crisis that has been rampant for decades.
The researcher in private sector development and finance, Dr. Aqil Jabr Al-Muhammadawi, said in an interview with Al-Sabah: “Baghdad is at the forefront of the housing deficit indicators in relation to the population at 31 percent, and the housing deficit rate for the years 2023-2024 reached 26 percent of the total population of Iraq, which is 45 million people, according to statistics from the Ministry of Planning.”
He pointed out that "the housing deficit index has the highest priority in the challenges of the current executive government, and the challenges of the housing, housing and construction sector as a whole have cast a shadow over the importance of evaluating the strategic plans for housing and housing in successive governments, up to the age of the current government."
He explained that "Iraq has been witnessing a real and actual housing crisis for decades and successive governments, as a result of the lack of implementation of large housing projects that meet the current gap of about three million housing units, in addition to the exorbitant prices of real estate."
He stressed that "the worsening housing crisis requires adopting an approach and policy of joint effort between the state and the population, and integrating financing of the public and private housing sector, through comprehensive, effective and integrated solutions and collective efforts in which all state institutions, mixed government sectors and the private sector come together, in addition to allocating an appropriate independent budget within a strategic plan for housing and housing, commensurate with the size of the housing crisis."
Al-Muhammadi called for "finding investment allocations for housing in the federal budget, reprogramming the national housing project, evaluating the proposed projects in the strategic and development plans, enhancing the (residential complexes) strategy and highlighting the participation and role of the private sector, including an integrated infrastructure, supporting allocations and developing the activities of the (Housing Fund), and facilitating the work of local, Arab and international private real estate investment companies."
For his part, the head of the Osool Foundation for Economic Development and Sustainable Development, Khaled Al-Jaberi, told Al-Sabah: “The deficit rate in housing units in Iraq exceeds 5 million units, while local investment bodies were able to reach the threshold of approximately 200,000 units, which is a small number compared to the total deficit.”
He pointed out that, "In addition to what was mentioned above, the governorates, especially Baghdad, suffer from poor land distribution."
“This situation has led to traffic congestion and increased pressure on infrastructure, including sewage, water, sanitation and other municipal services, which has put pressure on the government to provide funds to be spent on solving the problems created by the chaos of land distribution through investment for local authorities,” Al-Jabri said, noting that “therefore, solutions to establish new cities come to cover a large part of the current deficit, and over time, these cities are expected to help confront the population growth rate, which is estimated at about 2.5 percent annually.”
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