74366
Calm Housing Market Forecast for Tehran in Fiscal H2
Calm Housing Market Forecast for Tehran in Fiscal H2

Calm Housing Market Forecast for Tehran in Fiscal H2

Calm Housing Market Forecast for Tehran in Fiscal H2

The Iranian housing sector, which has just entered a pre-boom phase after a five-year recession, will not register a notable fluctuation in home prices in the second half of the current fiscal year to March 2018, a board member of Bank Maskan, the agent bank of the housing sector, said.
“Not increase in prices higher than the general inflation rate [of around 10%] is predicted,” Abolqasem Rahimi Anaraki also told ILNA.
Hesam Oqbaei, the head of Tehran Association of Realtors, is of the same belief and projects price hikes of not more than 10% for residential units in the coming six months.
However, he conceded that “prediction is hard in the Iranian economy so we cannot speak with complete certainty about any price fluctuation in the housing sector”.
However, the official said that in the second half of the year, “we can surely see an increase in the number of real-estate residential deals to a certain degree, as more liquidity and mortgage loans are injected into the market”.
As Anaraki outlined, current applicants in the housing sector are those who have had their purchasing power boosted by recent bank loans.
But as it has become known for a while, this demand is for smaller and more affordable residential units.
“The recession in luxury apartment markets still persists,” Bank Maskan’s board member said.
According to Oqbaei, in the first three weeks of the current Iranian month ending Oct. 13, a total of 9,382 housing sales were registered in Tehran while the number of rental deals stood at 9,586, which does not indicate a significant change from the corresponding period of last year.
Across the country, a total of 29,054 home sales deals and 32,372 rental deals were registered.

 

Short URL : https://goo.gl/fzK7hR
  1. https://goo.gl/yvk5TM
  • https://goo.gl/xUrM31
  • https://goo.gl/6ENAvm
  • https://goo.gl/UrqjXC
  • https://goo.gl/yQv4HU

You can also read ...

Currently, each US dollar is reportedly being traded for as much as 75,000 rials in Tehran’s black market.
Seventy days after the government decided to unify the US...
Turkey Worries Over Impact of Anti-Iran Sanctions
Turkey’s Economy Minister Nihat Zeybekci said his country “...
Gao Feng
China will maintain normal relations with Iran, the Commerce...
Fintech Event Highlights Women Business Leaders
The 5th round of Iran’s Financial Technology Event known as...
Iran’s startup ecosystem has boomed in recent years.
Privately owned Bank Pasargad is poised to increase its...
Iran’s Minister of Industries, Mining and Trade Mohammad Shariatmadari (L) and Serbian Minister of Trade, Tourism and Telecommunications Rasim Ljajic (2nd R) address a press conference in Belgrade on June 21.
Iranian Minister of Industries, Mining and Trade Mohammad...
Mobile Phone Imports on the Rise
Iran’s cellphone imports bill for the first two months of the...
Train Fares  Rise 10%
Train fares have risen by 10% as of June 22, a member of the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus