Unwanted Houses
Economy, Business And Markets

Unwanted Houses

Ministry of Roads and Urban Development is trying to sell some  118,000 apartments from the Mehr Housing project which so far have no buyers , said Ahmad Asghari Mehrabadi, deputy minister of roads. Most of the units are in Khuzestan, Isfahan, Alborz and Gilan provinces and also in other parts across the country, news outlets reported. Mehrabadi said that the ministry is revising the regulations to attract buyers. According to some new measures, buyers do not need to be necessarily local residents while formerly applicants had to be living in the same province where the houses built. Officials in each province have been trying to sell the houses since February but apparently with little success.

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