940
Property Prices
Economy, Domestic Economy

Property Prices

Statistical Center of Iran (SCI) said land prices increased 17.2% in the second half of the past Iranian year – which ended March 20, 2014 – compared to the previous year. Based on SCI report, the rent for each square meter of house also increased 14.2% during the period. Currently, 59 percent of Iran’s population live as tenants. Since autumn of 2011, real estate prices in Iran’s major cities, especially in Tehran, skyrocketed and turned developers into overnight millionaires. The increase was in part due to a rise in the price of housing materials and land, which was triggered by a cut in fuel subsidies. Some economists say the huge level of liquidity, which reached 346 billion dollars during the two termed presidency of Mahmoud Ahmadinejad, has been the main cause of the rise in housing prices.

 

Short URL : http://goo.gl/WkV5cd

You can also read ...

CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
Sanctions, Banking Troubles Facing Iranians in Hong Kong
Banking for companies that do business with Iran–as well as...
Surcharge on Forex Rate Difference “Illegal”
The retrospective application of Clause Five of the government...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
Bank Loans Hit €18 Billion in 4 Months
Banks and credit institutions allocated a total of 1.67...
Sesame Oil, Products Imported From  6 Countries
More than 1.38 million tons of sesame oil and products worth $...
Gov’t to Build  2 New Towns
The Iranian government will commence the process of building...

Trending

Googleplus