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Housing sector sees almost complete rebound
Scope to invest untaxed money, low lending rates jack up sales
The real estate and housing industry passed a relatively good year thanks to policy support for purchasing property with untaxed income as well as cheap bank loans.
In the budget of the current fiscal year, the government allowed the use of untaxed income to purchase property, land and apartments in certain areas, without having to answer for the source.
Besides, banks provide home loans at very cheap interest rates of below 10 per cent as a secured investment for the lenders, according to industry players.
العراق 2020 newsabah.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsabah.com Daily Mail and Mail on Sunday newspapers.