The adoption of a proposed construction cost low for resolving the housing crisis



Views 31 Date 10/19/2016 - 16:36

Economy News / Continue ...


The real estate market is witnessing once in a while volatility in prices per square meter between one region and another, as other elements play a role in determining real estate prices, whether intended for housing or non-resident business, but that real estate prices in the final outcome is subject, like other commodities, to the principle of supply and demand determined a combination of factors and conditions.

And these factors and economic conditions talked Academy Wesal Dr. Abdullah Hussein, adding that: recipes from Asarsouk Property instability where volatility is contained in all the time and when it is like any other commodity governed by the laws of supply and demand in the market.

And showed Hussein that these laws are affected by several indicators, including the security situation, which is reflected on prices, either by sale or in the rent, and the geographical area and the location of the drug plays a role in it, as well as affected by the real estate prices, if located in the narrow streets or in commercial streets.

Economists attributed the volatility to the subject property to the principle of supply and demand, stressing the need to be real and not artificially limited supply as compared to an increase in demand to help heavily on high real estate prices, including a sale or rent is difficult to curb

Jmahaa.

Hussein has provided another solution to reduce residential property prices through the adoption of houses and low cost technology that can reduce construction costs as well as being environmentally friendly, so that construction costs no more than 35 million Danarlmessahh 200 meters

Square.

She noted that the urban planning of cities (urban planning) practice in most countries of the world system and plays a role in maintaining the shape of the city and to identify areas of homes with the availability of services, and are now seeing houses with an area of ​​27 meters and sometimes less, it is strange to find that Saralmitr box to house a space 27 meters higher than the price of the house with an area of ​​100 meters, because the citizen Amadtrellhra due to crisis

Housing.

It showed that increasing the number of Baghdad residents has affected the price of the property in the capital, bringing the price per box of the property with him or her limbs in the rest of the provinces, there are areas where Saralmitr box more than two million other Denaromnatq much lower. He noted that the number of Baghdad residents up to 8 million people reason to accelerate the construction of modern villages and Baghdad stretched horizontally and vertically to accommodate population increases and to control the rising cost of homes sold prices or leased, noting that the splitting of the family increases the demand for purchase or rent Houses.

Project Basmajh

Hussein described the project as a Basmajh residential project is successful, urging the adoption of the establishment of such projects because it will contribute to the low cut residential land prices and the role, calling for the need to circulate Basmajh experience in other provinces.


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