Business And Markets

Iran: Housing Stagflation Looms

Home prices have been increasing in Iran, as the number of home deals has declined mainly because the housing sector has failed to boost production
Iran: Housing Stagflation LoomsIran: Housing Stagflation Looms

Iran's housing market is bracing for inflationary recession despite a widening home supply deficit, the Comprehensive Housing Plan’s deputy for research said.
Referring to the recent hike in home prices and the consequent decline in home deals, Fardin Yazdani noted that the main reason for this is that the housing sector has failed to boost production.
"In other words, despite strong demand in the housing market over the past year, the supply side has failed to catch up," he was quoted as saying by the news service of the Ministry of Roads and Urban Development.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment