Home Rental Market Defies Governmental Intervention

The government has set new regulations for the home rental market, following a dramatic rise in prices. However, statistics show these regulations have failed to stem the runaway inflation in this sector.
Prices of rented residential homes in Iran’s urban areas increased by 52.3% in the fourth month of the current fiscal year (June 22-July 22) year-on-year, according to the Central Bank of Iran.
In Tehran, the capital city, the home rent inflation was reportedly 47.4%.
The sharp increase in rent levels was even higher than the rise in home prices as, according to the Statistical Center of Iran, average prices in Tehran saw a 45.2% rise during the month under review compared with the similar period of last year.