63200
300% Home Price Rise in Previous Gov’t
300% Home Price Rise in Previous Gov’t

300% Home Price Rise in Previous Gov’t

300% Home Price Rise in Previous Gov’t

The two-term government of former president, Mahmoud Ahmadinejad, was responsible for a whopping surge in home prices throughout the country, the head of Tehran Association of Builders said.”During 2005-12 [when Ahmadinejad was in office], home prices increased by about 300% with the wrong policies of the previous administration being one of the main reasons,” Hassan Mohtasham also told ILNA.Referring to this rise as “unprecedented” in the history of Iranian economy, the official added that the country’s currency was heavily devalued and led to a rise in the prices of many things, including housing. Mohtasham predicted that the housing sector will enter a boom phase in the second half of the current Iranian year (Sept. 23-March 20, 2018) and prices will increase by up to 15%.

 

Short URL : https://goo.gl/G2Is8C
  1. https://goo.gl/l4fQVg
  • https://goo.gl/w8W9r9
  • https://goo.gl/AcmWH1
  • https://goo.gl/DlB41g
  • https://goo.gl/9U4jRa

You can also read ...

Italy's Ansaldo Set to Produce Power From Iran's South Pars Gas Flares
Italy's Ansaldo Energia signed a memorandum of understanding...
Fate of Cryptocurrency in Iran Hangs in Balance
Virtual currencies are slowly but steadily gaining traction...
IRISL Returns to the Fold of Int’l Shipping Giants
The Islamic Republic of Iran Shipping Lines plans to replace...
Dairy Exports to Hit $1b
Iran is one of the top milk producers and has ambitious plans...
Money and Credit Council Approves Liquidity Risk Management Rules
Money and Credit Council, a top financial decision-making body...
1st Currency ETF  in the Pipeline
The Iranian capital market’s first foreign currency exchange-...
84% Rise in Rice Imports
More than 1.05 million tons of semi and wholly milled rice...
Iran Insurance Growth at 20%
The collective figure of Iranian insurance companies’ premiums...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus