Construction companies in installments .. 56

BAGHDAD - Ali Karim Azhab

Iraq is experiencing a severe crisis in the housing because successive governments have failed to address them, which led to the growing phenomenon of slums, especially in Baghdad, where specialists and statistics government refers to the need for the country to more than 3 million housing units to address the problem has spread to the walls and columns lot of posters advertising to construction companies in installments citizens and experts saw that some of them are working properly system and others by saying "56". 
'Ali Juma's (Il Giornale) Monday (8 - February --2,016) said that the work of some companies, "installment" system of construction going on commercial activity by easing burden low-income people, especially those who dwell in rented role and adds recently he appeared other associations providing travel services tourist religious and others, and many others concentrated their services in the field of construction in installments. 
'Ali Sarhan is striking that most of these companies, which claims it is working on the installment of the building is the corporate system fake "56", which explains for (Il Giornale) Monday (8 - February --2,016) How was the monument upon by these companies and say that I've purchased a parcel of agricultural land area of 100 square meters southeast of the capital I do not have the financial liquidity to be built so I went to one of the companies did not unnamed and agreed with them to build a ground floor with all the modern requirements of construction in the amount of total of 30 million dinars and with monthly 300 000 dinars with a mortgage guaranteed piece of land in their hand, and this was a delightful thing, having passed three months and received a house and if someone asking me to leave the house because it is the owner ground and writ his name and not my name, and when you go to the headquarters of the company I have not found, but found Tgmehra of people in front of the company's headquarters turned out that the company is "56" brings citizens bonds poor under the pretext of building installments and then the transfer of ownership to the other people in agreement with the employees of the court and notary .alkhbayr economic Mahmoud Mayali said in his speech (Il Giornale) Monday (8 - February --2,016) that the installment system is to provide services for certain categories of the society for a price paid off in the form of payments with varying interest rates (load) of not less than 8% in most cases and termed economically as "deferred payment" and the duration of the payment of all premiums ranging from 6 to 8 Executive Snoat.madar to Al Ain Contracting Laith al Khudair predicted the number of companies and associations that operate installment regime in Baghdad alone, more than 500 companies, claiming that 60% of them are not permitted he says Khudair most of these associations, despite the safeguards imposed on the beneficiaries that, but it suffers from the difficulty in collecting money forcing some of them to leave the forward sales and talked eye company director's (Il Giornale) Monday (8 - February --2,016) advertising in a language of his company, saying it was building role different buildings, according to the specifications in which the beneficiary wishes because the company is a charity project was found to help the Iraqi citizen, he said and added that such projects need government support through the provision of soft loans have enable it to expand its activities in addressing the housing crisis experienced by the country.