Markets are fluctuating over the likelihood of an agreement on the revival of the Joint Comprehensive Plan of Action and the lifting of sanctions, as well as Iran’s upcoming presidential election.
The Islamic Republic of Iran News Agency held an online poll on the future condition of four markets, namely foreign currency, housing, auto, and stocks.
A majority of respondents expect foreign currency rates to decline in the next six months and prices in the other three markets to increase.
The survey shows 46.8% of the respondents await a decline, 19.5% anticipate no change and 33.6% foresee growth.
About 39% expect the housing market prices to increase, 31.2% predict no change and 29.8% look forward to a decline.
More than 47% expect car prices to increase, 34.2% forecast a decline and 18.7% anticipate no change.
Over 39% believe that the stock index will grow in the next six months, 33.5% expect no significant change and around 27% foresee growth.
The June 18 presidential elections will induct a new head of government to replace the incumbent Hassan Rouhani.
Candidate registration ended on Saturday, after which the qualifications of participants will be evaluated by the 12-member Guardians Council.
Iran and the US are holding indirect negotiations on a full return to compliance with the Joint Comprehensive Plan of Action, the formal name of the nuclear deal Iran signed with six world powers in 2015.
JCPOA was implemented in 2016, which saw the removal of international sanctions. In exchange, Iran limited the scope of its nuclear program. However, Washington walked out of the deal under the administration of former president, Donald Trump, in May 2018, which unleashed a “maximum pressure” sanctions regime against the Iranian economy.
