Domestic Economy

Demand for Home Appliance Repair Rises by 90%

Demand for Home Appliance Repair Rises by 90%Demand for Home Appliance Repair Rises by 90%

Demand for home appliance repair has increased by 90% on the back of price hikes, the secretary of Tehran Home Appliance Sellers Association said. 
“The rise in prices and decline in people’s purchasing power have pushed the market into recession. There are practically no customers in the store, except for dowry purchases,” Akbar Pazouki added.
Noting that providing working capital is the only way to help manufacturers boost production, Pazouki said, “Local producers have managed to increase their output by 30-100% in recent years, but their supply has yet to meet the total market demand. Offering loans to producers rather than customers would lead to more production and consequently lower end prices.”


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