23391
No Tumult Expected in Housing Market
Economy, Business And Markets

No Tumult Expected in Housing Market

A senior housing official has predicted stability in the real-estate market until the end of the current Iranian year (March 19, 2016).

Hamed Mazaherian, deputy minister of roads and urban development, said on Thursday records of supply and demand indicate a steady housing market throughout the second half of the fiscal year.

Mazaherian also forecast a halt in rising rents, saying that an annual hike in home rents usually occur in early summer but hoped the upward trend would diminish next month, IRNA reported.

 “Our data show that landlords have raised rents at a rate lower than inflation and we hope them to keep rents well below the inflation rate by yearend,” he said.

Mazaherian hoped that the housing industry, which is in the midst of one its worst recession, would soon begin a recovery. “A boom in the housing market not only helps pull the country out of recession but would also create plenty of jobs which will in turn prop up the economy,” he maintained.

Short URL : http://goo.gl/atlRav

You can also read ...

Italian investment companies remain active in Iran, despite...
Iranian Insurance Firms' Premium Income Exceeds $1.2b in H1 (Mar-Sep 2018)
Iran insurance industry earned 183 trillion rials ($1.28...
Iran, India Leading Global Ammonia Capacity Growth
Iran and India will continue to lead the global ammonia market...
Iran Auto Industry Hither and Thither
Over the past few days, Iran’s beleaguered auto industry has...
Iran-Russia Non-Oil Trade Sees Over 80 Percent Hike (September 2018)
Iran traded 956,662 tons of non-oil commodities worth close to...
US Sanctions Against Iran Ridicule Int'l Norms
Foreign Ministry Spokesman Bahram Qasemi on Wednesday...
First-Timers Constitute 20% of Tehran Homebuyers
First-time homebuyers have accounted for a 20% share of total...
Iran Slips 1 Spot in WEF's Global Competitiveness Index
The World Economic Forum’s “Global Competitiveness Report 2018...

Trending

Googleplus