Iraq requires 2.3 million homes

The article discusses Iraq's estimated need for 2.3 million housing units to meet the population demand, according to the latest 2024 population census results. This is part of efforts to address the significant housing deficit, which poses a major challenge. The Ministry of Construction, Housing, and Municipalities is working on implementing projects that include more than 2,000 housing units across four governorates and developing the "One Million Land Plots" project for eligible beneficiaries. Iraq's housing sector faces considerable challenges, foremost among them rising costs and the poor alignment between supply and demand, in addition to environmental and financial obstacles. However, the government is moving forward with plans to establish new cities, forge partnerships with developers to reduce prices, support construction financing, and provide affordable loans to citizens. These initiatives are expected to help reduce the housing shortage, create a greater balance in the housing market by increasing supply, and ease pressure on infrastructure, all while the government continues its efforts to confront these challenges and boost housing production.

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