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Economic parliamentary: payment on credit will not solve the housing crisis

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Economic parliamentary: payment on credit will not solve the housing crisis
The time on Sunday, November 25 2 / November 2012 10:31 | |






Baghdad / Orr News

Confirmed the parliamentary economic committee on Friday, the payment on credit law alone does not solve the housing crisis in the country, but you need to enable investment to solve the whole problem.



Said Commission decision Mahma Khalil Agency (UR) that "the law of payment on credit read two readings and is now flattened vote," adding that "this law will not solve the housing crisis and Sakpl financial Iraq indebted".



Khalil said that "the housing crisis is not resolved only activating investment and move Jlth", adding that "the House of Representatives calls and demands for activating investment but the economic environment of Iraq is appropriate to attract investment companies."



Khalil between that "Kurdistan was friendly housing crisis and benefited from the investment law and enter the investors for the construction of housing units which solve the housing problem there."



The government has decided to reduce the prices of housing units allocated to the martyrs and victims of terrorist operations indicating that the resolution included reducing the prices of residential units from 200 million to 60 million dinars, and pay 20% of the amount in advance and installments and the rest of the money over 25 years to the beneficiary.



The Iraqi provinces suffer from severe housing crisis due to the inability of citizens with limited income from building and private housing units because of the high prices of land and materials .

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