Asaad Al Bazouni, a consultant of Basra Governorate and a member of the Parliamentary investment Committee, attributed the upward push in the fees of residential units and real property inside the governorate to the “monopoly” in residential projects.
Al-Bazouni told dinaropinions.com: “with regard to residential funding tasks particularly, there’s a distinction within the fees of residential projects between the Kurdistan location. we find that the residential unit in it’s miles at an affordable fee that does not exceed 100 million dinars, and the charges of houses do not exceed a hundred and fifty million dinars, but in the rest of the governorates there’s a difference in fees.
” He introduced, “through follow-ups, Basra Governorate reaches the highest prices in residential initiatives, because the rate of a house exceeds 500 million the various residential initiatives, and the funding initiatives within the housing sector are granted with the aid of the government without spending a dime to the investor, taking the equivalent of 2% in their value, with the costs of residential gadgets being determined while deciding on buyers to be at a low rate, and the high costs in Basra are due to the present monopoly of those projects, because the investment is for 2 or 3 businesses that belong to certain parties and government that control the lands of Basra, and the state of affairs is apparent in this factor with the selectivity of the tasks and their monopoly, as traders paintings conveniently and moodily in promoting the units and their charges, so we find that the prices are very high.”
Al-Bazouni pointed out that “in comparison to the governorates wherein housing tasks have increased, the issue of monopoly is being interfered with by way of some government our bodies, the Basra funding commission, and the control of the funding commission Council, which has led to remarkable injustice in this remember.”
