The Supreme Housing Council recently set a virtual ceiling for the rise in housing rent, which follows the same formula as the resolutions of the heads of the three branches of powers in the last four years.
The council has considered a rate of 25% for the growth of rent in Tehran, as the most important part of the country's rental housing market, Nasser Zakeri, an economist, prefaced an article for the Persian newspaper Shargh with this note. A translation of the text follows:
It is an indisputable requirement to prevent the excessive growth of rents, which has adversely impacted the economy of low-income households.
The rise in rent levels is problematic, as 40% of the country's urban population feels its negative consequences. Ignoring the suffering of this huge population can even undermine security. Therefore, the government's action and decision to regulate the rental housing market as a wise decision is commendable.
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