Fiscal 2020-21 Increase in Rental Housing Expenses Unprecedented

The share of housing in the Iranian households’ spending budget has reached an unprecedented high. 
According to official statistics, households living in urban areas spent an average of 43% of their monthly expenses on rent in the Iranian year ending March 2021. 
Tenants spent 28% of their living expenses on paying rents in the mid-2000s, one of the relatively calm periods in the rental market, given the 30% conventional share of housing costs in household expenditure.