Open AccessThe financial crisis in Kurdistan and its repercussions on real estate investment in Sulaymaniyah
Author(s) -
Shorsh Qadir Ali,
Yousif Obaid Hama Amin
Publication year - 2017
Publication title -
govarî zankoy geşepedanî miroyî
Language(s) - English
Resource type - Journals
eISSN - 2411-7765
pISSN - 2411-7757
DOI - 10.21928/juhd.v3n2y2017.pp604-618
Subject(s) - real estate , financial crisis , financial system , investment (military) , finance , liberian dollar , business , real estate investment trust , financial sector , economics , political science , macroeconomics , politics , law
This research aims to explain the financial crisis in the Kurdistan region and its implications on the real estate sector in Sulaymaniyah governorate on the one hand, as well as investigating the causes of the frequency of the financial crisis and its causes, and the presentation of mechanisms and preventive measures for the financial crisis, focusing on the crisis of the real estate sector in Sulaymaniyah Governorate, to determine the implications of the financial crisis on the real estate activity in the province of Sulaymaniyah, and reached research to a set of conclusions that the most important real estate investment in the region was affected by the financial crisis, as the withdrawal of investment projects worth (10) Billions Dollar.
In light of the research proposals were presented a number of recommendations, including the need for radical reforms of the financial system in the Kurdistan region of Iraq and the re-engineering of approved activities in various institutions to ensure that keeping up with the surrounding environment and rapid response to any defect occurs as a result of the country's anticipated exposure to financial crisis.