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Iran: Return of Housing Recession Likely

The ailing housing sector went into what turned out to be its worst recession in recent history from 2013 and struggled to get out for more than five years
Return of Housing Recession LikelyReturn of Housing Recession Likely

Experts believe Iran's housing sector is already showing signs of sliding back into recession after enjoying only nine short months of booming activities. 
The main reason behind this is the significant jump in prices over the past few months due to fluctuations in foreign currency markets.

The ailing housing sector went into what turned out to be its worst recession in recent history from 2013 and struggled to get out for more than five years. Experts have since identified a massive price surge in the two preceding years as the main reason behind the prolonged bout.

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