Mortgage Applications Under HSA Scheme in Sharp Decline

The number of accounts opened with Bank Maskan, the agent bank of the housing sector for home loans, under the so-called "Housing Savings Account" scheme, registered an average weekly decline of 62% in the nearly first half of the current fiscal year (started March 21) compared with the same period of last year to reach 1,500 new accounts per week, an official with the bank said.
“The number of new accounts opened in Tehran and towns with a population of over 200,000 has decreased by 25% and 19%, respectively. However, a 9% rise has been recorded for new accounts opened with Bank Maskan in small cities with a population of fewer than 200,000,” Mohammad Hassan Moradi was also quoted as saying by IRIB News.