TEHRAN- Average real estate price rose 5.7 percent in the capital Tehran throughout the tenth Iranian calendar month Dey (ended on January 20), compared to the previous month, according to a report by the Statistical Center of Iran (SCI).
Based on the SCI data, the average cost for one square meter of a domestic system in Tehran stood at about 550 million rials (about $1,375) throughout the discussed month.As formerly reported by the Central Bank of Iran (CBI), the typical real estate rate rose 16 percent in the capital Tehran during the last month of the previous Iranian calendar year 1400 (ended on March 20, 2022), compared to the exact same month in the preceding year.Based on the CBI information, the typical rate for one square meter of a residential system in Tehran stood at 351.2 million rials (about $924) throughout the last month of the past year, up 6.2 from the previous month, and 16 percent from the same month of the preceding year.Housing prices in Iran have actually been constantly increasing over the previous 3 years due to numerous internal and external factors.Although, in early May 2022, the chairman of Real Estate Agencies Union said, This [Iranian] year is the year of lower housing costs; this condition will continue in the country for the next 2 years, and we will see a continuous decline in housing rates .
Mostafa Qoli Khosravi described a report launched by the Central Bank of Iran in regards to housing price in the very first Iranian calendar month Farvardin (ended on April 20, 2022), and stated: The government is attempting to compensate the housing lack in the nation with the National Housing Movement plan, and this strategy is being prepared and carried out in numerous metropolitan and rural areas .
He stated that there is currently lack of about 720,000 real estate units in the country, adding: Every year, shabby houses are added to this number, for that reason, the existing government means to compensate for the housing deficit by acknowledging this lack and application of National Housing Movement.
The market will react favorably to the boost in supply, and the conclusion of the government plans consisting of Mehr Housing and National Housing will control the unrestrained growth of housing rates, he further predicted.After National Housing Action Plan (started in 2018), National Housing Movement is the governments second major program to provide inexpensive real estate systems for the low-income classes.The operation for the building of 209,212 domestic units of the National Housing Movement began in early February 2022.
National Housing Movement to build four million housing units in four years is one of the major strategies of the present government in the real estate sector.According to the strategy, out of these 4 million domestic units, 3.2 million units will be constructed in cities and 800,000 units in villages, some of these units are presently being constructed after providing lands and preparing the necessary conditions.MA/ MA