Deputy: Residential investment complexes will not solve the crisis due to their high prices

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Deputy: Residential investment complexes will not solve the crisis due to their high prices

Representative Ahmed Al-Moussawi confirmed on Saturday that the establishment of residential investment complexes is not economically feasible due to their high prices.

Al-Mousawi stated in an interview that the average price of a residential unit in investment complexes located in Baqubah ranges from 300-325 million dinars. This means that these units are not designed for the poor, families of martyrs, or those with middle-income. Only the well-off can afford to own them.

“He said, “There are influential people who have taken land in the heart of Baqubah, intending to turn it into residential complexes. In addition, some individuals have seized agricultural lands, bulldozed them, and sold them to the people without any services, which has created major problems. He pointed out that the housing crisis cannot be solved without a comprehensive vision that takes into account the extent of the need of the poor and other segments for housing units.”

He pointed out that “The investment and land leveling file should be reconsidered in a way that serves all segments and addresses the housing crisis while providing basic services.”

Diyala has been facing a severe housing crisis for years, which has resulted in the destruction of agricultural land and the emergence of slums.