Tehran Building Permits Down 20%

The process of issuing building permits in Tehran during the third quarter of the current year (Sept. 22-Dec. 20) has been fast tracked compared with Q1 (March 20-June 20) and Q2 (June 21-Sept. 21) of the current fiscal year, but the number of permits issued still shows a 20% decline compared with Q3 of last year, the head of Construction Engineering Organization of Tehran Province said. 
“The number of construction permits issued in Q1 and Q2 was 55% and 38% lower than the corresponding figures of last year,” Saeed Saeedian was also quoted as saying by Hibna.  
“The rise in prices of building materials, the general inflation and increase in land prices and the fact that most construction workshops were closed or semi-open due to the outbreak of coronavirus are the main reasons behind the unusual state of housing sector this year. The recession, which has overshadowed real-estate development, is evident in the declining number of construction permits.”