Housing Prices Expected to Stabilize: Economist

You can envisage a wide range of options and developments about Iran’s housing market in the near future, under the prevailing macroeconomic conditions. Nevertheless, the most probable scenario for the housing market is that it will remain relatively stable in the coming months. This was stated by Fakhreddin Zaveh, an economist, in a write-up for the Persian economic daily, Donya-e-Eqtesad. A translation of the text follows: 
In economic studies, housing is considered a durable commodity which, apart from its consumption aspect, is considered an asset. Over the past few years, the asset part of housing has overshadowed its consumer-commodity part. Today’s high prices come from the combination of regular increases in the country’s housing market and price shocks stemming from non-economic risks.