Economy & Housing
The number of real estate deals in Iran has dropped 70 percent in the past Iranian calendar month of Esfand (ended on March 19) which is also the last month of the Iranian calendar year, ILNA reported quoting the vice chairman of Iranian Real Estate Agencies.
Referring to the coronavirus outbreak affecting the housing sector, Hesam Oqbaei said 70 percent is the highest drop this sector has experienced over the past three years.
According to a recent report released by the planning and economic affairs department of Iran’s Ministry of Transport and Urban Development, the housing price in Tehran city has dropped two percent in Farvardin, which is the first month of the Iranian calendar year (March 20-April 19).
Deputy head of Tehran Real Estate Association says rent prices in the country’s housing market are not expected to increase drastically and will stay under the inflation rate, IRNA reported on Saturday.
India's domestic rebar prices have continued to fall, despite receding monsoon rains in October, as construction activity remained constrained because of a lack of funds.
The number of real estate deals in Tehran City fell 73.7 percent in the fifth Iranian calendar month of Mordad (July 23-August 22), compared to the same month in the past year, Tasnim news agency reported citing the data released by Ministry of Transport and Urban Development.
The number of real estate deals in Tehran City fell 64.6 percent in the fourth Iranian calendar month of Tir (June 22-July 22), compared to the same month in the past year, IRIB reported citing the data released by Central Bank of Iran (CBI).
Despite the recent surge in the value of gold coin and foreign currencies in the Iranian market, home prices remain unaffected and the sector’s experts believe the housing market will remain steady through the end of current Iranian fiscal to March 20, 2018.