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Rents Likely to Overtake Inflation

Tenants should brace for a difficult year that will entail rent price hikes and fluctuating trends.Tenants should brace for a difficult year that will entail rent price hikes and fluctuating trends.

Iran’s troubled housing sector has entered a new phase in the new Iranian year (started March 21), as it strives to put a longstanding slump behind it, although there are concerns that Iranian tenants are in for a tough year. 
According to the latest report by the Central Bank of Iran published on its website, the indicator of rents in residential units in Tehran and across the country increased by 10.5% and 9.4% respectively during the final month of last year to March 20, compared with the same month of the previous year.
This is while CBI announced the inflation rate for the entire year at 9.6% and home rent deals, usually made in the form of one-year contracts, are highly influenced by the inflation rate.

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