Economy, Domestic Economy
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Gov’t Urged to Build Houses

Gov’t Urged to Build HousesGov’t Urged to Build Houses

Increasing the construction of housing units seems to be the only way to eliminate middlemen and their minions from the housing market, Hamed Ghadermarzi, a member of the civil construction committee of the parliament told ILNA on Friday. The lawmaker suggested that to manage the housing market, the government should increase the number of housing unit to meet the maximum demand for them. Previously, the parliament passed the capital gains tax on real estate law to stop middlemen from continuous buying and selling of housing units and also to control the market via limiting the free flow of liquidity. However, the law did not prove successful since the middlemen paid the taxes by increasing the end price of the buildings.

 

Financialtribune.com