By Salam Jabbar Shihab, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
Real Estate and the Banking Intermediary Between Sellers and Buyers: Will the Real Estate Market Boom or Collapse?
Several macroeconomic factors are driving the development of Iraq's real estate market. The Iraqi economy benefits from high revenues, and there is a genuine and growing demand for housing. As a result, demand is expected to increase by more than 6% annually in the coming years.
If Iraq can successfully integrate the banking system with real estate transactions, it could open up new opportunities for investment, economic growth, and improved financial governance.
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