Private Sector Housing Investment Rises

 The volume of investments made by the private sector in Tehran’s ailing housing sector in the first half of the current fiscal year to Sept. 22 has registered a 34.8% increase compared with the same period of last year, the governor of the Central Bank of Iran announced. “The same figure for metropolitan cities indicates a 7.9% rise, other regions have witnessed a 5.3% increase and all urban areas saw a 12.6% hike,” Valiollah Seif was also quoted as saying in a meeting with several members of parliament. According to Seif, the number of housing deals in the eighth and ninth months of the fiscal year that respectively ended on Nov. 21 and Dec. 21 indicate a year-on-year rise of 20.4% and 50.96%.