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Iran: Demand for Rental Housing to Increase Prices in Summer

People who buy a home with the intention of engaging in speculative business are in the majority and they adjust rents to conform to changes in purchasing power, inflation and home prices
Demand for Rental Housing to Increase Prices in SummerDemand for Rental Housing to Increase Prices in Summer

With summer comes new demand for rental housing in Iran. 
Although the pace of price hike in the rental market was slower than that of housing purchase prices, experts expect landlords to increase rents this summer to make up for rising inflation and costs resulting from last year's devaluation of local currency.  
“Unlike most developed countries, the rate of living in owned residential properties in Iran is higher than that of rental properties,” Fardin Yazdani, housing expert and the official in charge of the Comprehensive Housing Plan of the Ministry of Roads and Urban Development, wrote in the Persian daily Donya-e-Eqtesad. 

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