12 Hrs
Source:
الاقتصادية
Iraqi Central Bank Boosts Home Financing to 3 Trillion Dinars
The Iraqi Central Bank has increased the funding allocated for the purchase of housing units to 3 trillion dinars, an increase of one trillion dinars, in order to meet citizens' demands within residential complexes. This move is part of efforts to support the housing sector, and it is considered an initiative by the government to facilitate faster access to land and ownership documents. The relevant authorities are also directed to streamline the land distribution process based on residence location and need, aiming to ensure fairness in distribution among eligible families and the poor. Additionally, the bank continues to implement procedures for developing and preparing 275,000 ready-to-develop residential land plots across 121 cities in various governorates, with the goal of accelerating homeownership and achieving housing stability for citizens.
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