Real-Estate Market Scenarios in New Iranian Year

The state of housing market in the new Iranian year (started March 21) will be highly dependent on the outcome of the nuclear negotiations in Vienna, Austria, between Iran and world powers over the revival of the Joint Comprehensive Plan of Action, says Fardin Yazdani, a housing expert in an article for the Persian economic daily Donya-e-Eqtesad. 
A translation of the text follows:
The trade sector of the Iranian economy was practically shut down when US sanctions were introduced in the fiscal 2018-19; the cost of doing business increased dramatically and so resources were shifted to the asset market, including real-estate and land. The three years from fiscal 2019-18 to fiscal 2020-21 saw a sharp rise in prices of land and real-estate.