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Recession Visiting Iran's Construction Sector

The housing sector, especially in Tehran, is facing another bout of recession due to continuous price hikes that have significantly decreased people's purchasing power
Reasons Behind Recession in Iran's Construction Sector ExaminedReasons Behind Recession in Iran's Construction Sector Examined

Home prices are rising, but not in keeping with the pattern usually seen in Iran. Investors now seem reluctant to put their money in the construction business.   
The housing sector, especially in Tehran, is facing another bout of recession due to continuous price hikes that have significantly decreased the public purchasing power. 
The rise in prices has been coupled with a notable decline in the number of home deals in many of Iran's 31 provinces during the current Iranian year (started March 21). 
Iran's housing sector exited its longest recession in recent memory, which lasted for more than five years, about 10 months ago. That recession is back in sight.

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