Housing market in big cities has been flourishing over the last few months, experiencing a maximum of 20 percent increase in prices. According to Ali Chegini, Head of Planning Department at Ministry of Economic Affairs of Iran, although 43 percent of the recent sales were on apartments of 40 to 70 square-meter, but these sizes form only 12 percent of the new construction projects. This has created an imbalance between demand and supply. The Iranian household dimension has been decreasing over the past decades and this trend should continue for the next decade. On the other hand, the number of one-person households is growing and has reached 2 million, i.e. 8% of total Iranian household. All these facts, plus a growth rate of 2 percent for the household over the next decade, indicate that the housing market will see demand for small size apartments.
The price of housing in Tehran has grown by 30% compared with last year, and the western part of Tehran, especially small apartments have seen the largest growth. Shahrvand writes that the price of construction […]
The Ministry of Roads and Urbanization announced that in the first 9 months of the current Iranian fiscal year, housing transactions have increased by 9% compared to the same period of the previous year. “In […]
Unlicensed builders will no longer be able to receive construction loans by 2021. One of the problems in the Iranian housing market over the past year has been the reduction of available houses resulting from […]