Lifespan of Iranian Buildings Half That of Global Average

Real-estate development by individuals who don’t have the expertise needed in the field has reduced the industry to jerry-building, the managing director of Maskan Investment Group, the parent company of Bank Maskan, Rouzbeh Zahiri Hashemi, said.
“Iran’s construction sector has faced the influx of inefficient and unprofessional investors for years now. The absence of an integrated regulation regarding people who are both investors and builders has led to the decline in construction quality and age, as well as the rapid deterioration of residential properties,” he was quoted as saying by Hibna.