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Home Financing Hits Roadblock Amid Runaway Inflation

Home Financing Hits Roadblock Amid Runaway Inflation
Home Financing Hits Roadblock Amid Runaway Inflation

The housing sector has registered a sharp inflation recently, which [prospective home buyers need to tackle either through their own financial resources or banks. 
The effects of a sharp increase in inflation soon appear in the end price of housing. Under the circumstance, you cannot expect individuals to easily offset the deficit caused by the inflation. As this inflation was registered in a short period of time, no positive economic development is expected, Seyyed Mohammad Mortezavi, a board member of Iran Builders Association, said in a write-up for the Persian daily Jahan-e Sanat. 
A translation of the text follows:

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