Private Housing Investments Rise
Private Housing Investments Rise
Monday, August 20, 2018

Central Bank of Iran: Private Housing Investments Rise

Monday, August 20, 2018

Central Bank of Iran: Private Housing Investments Rise

The uptrend in private sector investments in the housing sector is the conclusive sign that the long-ailing sector is enjoying a boom period, a senior official at the Ministry of Roads and Urban Development said.
"According to latest reports by the Central Bank of Iran, the private sector's housing activities experienced a positive growth last year, as investments in home construction during the first nine months of the year [ended Dec. 21, 2017] increased by 12% compared with the same period of the year before," Ali Chegini, the head of Planning and Housing Economy Office at MRUD, also told HIBNA.
This is while previous data for the preceding years had indicated falling investments. That was during a long five-year period of recession for the beleaguered housing sector that had failed to rebound following Iran's nuclear deal as other sectors did. The sector also witnessed some of its steepest declines yet during the period, as it contracted by 13% and 17% in the fiscal 2015-16 and 2014-15 respectively. 


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/kuQLHN
  1. https://goo.gl/X9SfFA
  • https://goo.gl/HGdVTe
  • https://goo.gl/NNBY4p
  • https://goo.gl/Uc6Uyw
  • https://goo.gl/6GsCkp

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Add new comment