Tenancy Market Awaits Stimulus

The execution of real-estate mega projects is doomed to fail when first-time homebuyers are grappling with affordability. 
This was stated by Fardin Yazdani, a housing expert and the developer of the Comprehensive Housing Plan of the Ministry of Roads and Urban Development, in a write-up for the Persian economic daily Donya-e-Eqtesad. Below is a translation of the text: 
High inflation rates in the tenancy market and the emergence of rental housing as one of the major problems were first reported in the 1370s [the Iranian calendar years from March 1991 to March 2001]. 
Statistics of the time show that 15-18% of Iranian households lived in rented homes. Buildings were constructed by families as their own personal residence; commercial real-estate development that we see today was nascent.