Housing Market Performance Poor
Economy, Business And Markets

Housing Market Performance Poor

Housing Price Index shows the real estate market has had the worst performance among its rival markets in the Iranian month of Shahrivar (Aug.23-Sep.22), ISNA reported Tuesday.
The latest data shows other markets such as forex rates and gold have witnessed minor fluctuations and in some cases slight price declines.
Tehran Stock Exchange, gold bullion coins and foreign exchange rates have respectively recorded -14.1, -2.7 and 7.7%  growth rates year-on-year  with the  inflation rate hovering close to 11.7% .One-year or longer-term bank deposits, however,  have yielded the best returns at 20%.
Checking the pattern of indices specific to the housing sector in comparison with rival markets and Consumer Price Index shows that in the month ending Sep. 22, foreign exchange rates experienced the highest growth and Housing Price Index the lowest rates while the equity market and Iranian gold coins have more or less adjusted with the rate of inflation.

Short URL : https://goo.gl/hdjgD2
  1. https://goo.gl/IqdhkK
  • https://goo.gl/5R1UaU
  • https://goo.gl/OtfYEx
  • https://goo.gl/o7Zfer
  • https://goo.gl/0pzZux

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...