Iran Housing Construction Trends Roiled by Currency Crisis

New figures show that due to volatile currency fluctuations in recent months, which triggered steep price surges in the housing market and threatened the long-term outlook of the beleaguered housing sector by discouraging new construction.
An analysis of data provided by the Central Bank of Iran shows that homebuilders across the country are refraining from starting new projects to meet the housing sector's future needs, the Persian economic newspaper Donya-e-Eqtesad reported.
They are accelerating the completion of existing projects to supply a market that has experienced massive price hikes in recent months and make quick profits.