84357
Forex Fluctuations Pose Threat to Housing Market
Forex Fluctuations Pose Threat to Housing Market
Tuesday, April 10, 2018

Tehran: Forex Fluctuations Pose Threat to Housing Market

Tuesday, April 10, 2018

Tehran: Forex Fluctuations Pose Threat to Housing Market

Rampaging foreign exchange rates have grabbed many headlines in the past few months and especially the past few days, but the ailing housing sector that recently showed signs of coming out of its five-year recession is liable to take one of the biggest hits.
Hesam Oqbaei, the deputy head of Tehran Association of Realtors, concedes that if the fluctuations continue, they will damage the housing sector, but won’t increase home prices very much.
“If foreign currency rates are not controlled and keep on rising, they will surely influence the housing market,” he told ILNA, but added that as the housing market saw notable price hikes last year, it does not have the capacity to experience another significant increase.
“Price growth will be between 10-15%,” he predicted.
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/Z1HSpF
04/10/2018
  1. https://goo.gl/YDAV1a
  • https://goo.gl/jPmgZE
  • https://goo.gl/gcxwSi
  • https://goo.gl/zSQVqM
  • https://goo.gl/ktasF2

You can also read ...

Stadler Rail’s business with Iran is worth billions of Swiss francs.
In early March, the Swiss Embassy in Tehran gladly announced a...
Grab Clinches Deal With HSBC
Ride-hailing startup Grab has secured a $370 million five-year...
Iran to Increase Exports to US Despite Sanctions
A senior Iranian trade official has announced that the country...
Audi CEO Arrested Over Diesel Scandal
Audi CEO Rupert Stadler was arrested in Munich on Monday in...
Trends in Housing Sales, Rents
The Statistical Center of Iran has presented crucial data...
Iran Proposes to Set Up IMO Offices in West Asia
The Ports and Maritime Organization of Iran has announced its...
Gov’t Limits  Forex Supply  to Importers
The government has curbed the allocation of foreign currency...
Over 2.55 billion shares worth $169.2 million were traded at TSE on June 18.
Tehran stocks showed no signs of backing down on their rally,...

Add new comment

Trending

Googleplus