Most Banks Have Shut the Door to Homeownership

As per rules banks must earmark 20% of their loans to the housing sector; however "they show little if any interest in doing so despite the 18% return," a board member of the Iranian Builders' Association said.
"There have been serious disputes over home loans in the past as it was seen as one key factor in controlling inflation. The Majlis approved measures as per which lenders were required to increase the share of mortgages in their lending portfolio," Iraj Tahmaseb was quoted as saying by Tasnim News Agency. 
Banks are seemingly worried about long term loans, he said and “simply refuse to play by the rules.”