The Iranian government is capable of preparing the ground for economic reforms by planning a measured cleansing of real-estate market from speculative practices, Nasser Zakeri, an economic expert, said.
What follows is a translation of his write-up in the Persian daily Shargh:
Statistics show that the ratio of residential properties to households is not large. However, you can’t find a person denying the crisis that looms over the real-estate market.
Out of 26.4 million households in Iran, over one-third (and counting rapidly) lives in rented homes. Soaring home prices have caused affordability to drop dramatically in recent years; many newlywed couples have given up on the dream of owning a home...
Add new comment