Housing Sector Rally Expected to Cool Off
Housing Sector Rally Expected to Cool Off
Saturday, June 09, 2018

Tehran Housing Sector Rally Expected to Cool Off

Saturday, June 09, 2018

Tehran Housing Sector Rally Expected to Cool Off

After a bigger-than-expected rally in home prices in the first quarter of the current fiscal year that started on March 21, housing experts believe the one-off bull run will lose steam as the year moves toward the second half. 
Rejecting claims that the price hike was fueled by the policies of the Ministry of Roads and Urban Development that imposed curbs on the construction of high-rises, Hamed Mazaherian, the deputy housing minister, said the decline in the construction of apartments was due to a drop in demand for building permits.  
Mazaherian traced the surge in house prices to the volatility in “parallel markets” such as gold and currency markets, which caused an investor rush toward the property market, Mehr News Agency reported. 


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/RvuVMb
  1. https://goo.gl/AfzFrv
  • https://goo.gl/zyZ2bi
  • https://goo.gl/XkYfcQ
  • https://goo.gl/ajyxBU
  • https://goo.gl/CQkkig

You can also read ...

FAO Forecasts Iran’s Cereal Output to Rise 12% in 2018
Despite autumn dryness, crop conditions recovered in Iran and...
Iran Housing Market Bracing for Double-Dip Recession: Aug-Sep 2018 Report
New data show property deals in Iran are on a downward...
Iran's Summer Box-Office Revenues Exceed $5 Million
Iran’s box-office revenues exceeded 610 billion rials ($5.19...
Hot Autumn for Tehran Stocks
Tehran stocks rose solidly on Sunday, recording another all...
SCI Puts Iran's YOY Inflation at 25.7%
The goods and services Consumer Price Index for the month...
Iran Privatization Organization's Gravest Dilemma: Volatile Forex Market
The gravest problem facing privatization in Iran is the...
Mobile Internet Services Get Costlier in Iran
Major mobile operators MTN-Irancell and Mobile...
Iran Agrifood Exports Rise 27% to Record High of $2.6 Billion
Around 2.94 million tons of agricultural and food products...

Add new comment