Iran Housing Sector in Danger of Sliding Back Into Recession

Iran’s housing sector will soon slid back into recession in view of ongoing volatilities in the foreign exchange market, which have rocked prices during the past few months, the deputy of Tehran Association of Realtors said.
“Whenever price growths in parallel markets exacerbate, home prices also go up, but the end result will be recession for the housing sector,” Hesam Oqbaei also told ISNA.