Rental Property Market Ignores Gov’t Intervention

The Market Regulation Headquarters set the ceiling on rent levels for the current Iranian year (started March 21) at 25% in Tehran, 20% in cities with a population of over 1 million and 15% in other Iranian cities on May 19.
Tazirat (a judiciary-affiliated organization dealing with trading offenses) has been tasked with prosecuting real-estate agencies that contravene the regulation, Mehr News Agency reported. 
However, Saeed Lotfi, a member of the Union of Real-Estate Agencies, believes that there is no mechanism to control new contracts.
“If the government is willing to control the rental market, it must strengthen infrastructures. Fortunately, we have the needed infrastructure such as the tracking code system and the Ministry of Industries, Mining and Trade has access to this database. However, the ministry cannot single-handedly enforce measures; other ministries, such as the Ministry of Economy and the Real-Estate Registration Organization of Iran must also get connected to our system,” he said.