The real estate market is witnessing the beginning of the «installment sales»
[rtl]Rising construction a cost prices causes
BAGHDAD - Farah pumice
witnessing the real estate market is currently some slack because of lack of money circulating in the markets and the fear of local investors ( the limited investment owners) in this area due to the fluctuation of prices, has opened the doors to sales installments for the citizens the way, especially after the implementation of projects giant began competing sales unilateral owners.
known property globally that he «is everything fixed in place and can not be moved without damaging, any land, buildings and trees that relate to the ground contact decision, divided into two types: property nature and property privatization».
the expert says the real estate Saad Zidane : the financial crisis has affected the purchase of homes and condominiums, while prices remained high due to construction exorbitant population and inflation costs.
He said Zidane in a statement »Sabah», said the recession in the real estate market, forcing owners selling homes and condominiums by investors «small» to go to installment sales with a margin of high profit slightly to compensate for the so - called «mortgage money» in these properties, especially after witnessing the recent period the completion of housing units by agreement between the ministries and government departments andinvestment companies (domestic and foreign) and sold by deducting a certain amount from the salary Monthly employee or citizen, in addition to the near completion of large projects ».
the past April the distribution of the first meal of the housing units in the project Basmajh city southeast of Baghdad, in Baghdad Investment Authority recently unveiled« the existence of 77 new projects in Baghdad will provide more than 130,000 units housing and many job opportunities for the people of Baghdad ».
However, Zidane believes that these projects will not solve alone the housing crisis, but itwill ease them a bit, stressing that the private sector is one of the rules the real estate market and controlling prices, if only saw the next term Other major projects , such as the building of good residential complex (Rasheed Airport earlier) and other complexes are close to the city center, especially as the Iraqi citizen , preferably near the center ofcities and commercial centers and industrial areas.[/rtl]
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