Housing Imbalance to Hurt Tenants

Iranians renting homes may be exposed to higher than expected increases in rent prices, as supply and demand are imbalanced, the first deputy of the Tehran Association of Realtors said. “The lack of balance between supply and demand, especially in major cities, has caused rent files to decrease significantly,” Hesam Oqbaei also told the Fars News website. “Whenever demand surpasses supply for any commodity, its prices increase a lot,” he added. As the official predicted, rent prices will go beyond inflation in the coming home deals season and the main reason behind that will be the same imbalance in supply and demand. “It falls to the government, experts, realtors and even the media to manage the psychological atmosphere of the housing sector,” Oqbaei concluded.