Price crisis, demand recession plague Iran’s housing market
Iran’s housing market is going through a tough time, marked by recession and sky-high prices, shifting from consumer ownership to asset preservation. Over the past decade, Tehran’s housing prices have shot through the roof, driven by speculation and inflation, far outpacing income growth. The purchasing power of the rial has taken a nosedive, making homeownership a distant dream for many. The lack of effective mortgage programs has left genuine buyers on the sidelines, giving investors the upper hand. While rising construction costs might justify current prices, the disconnect between high prices and low demand raises eyebrows. With real estate liquidity drying up, the market is caught in a limbo, between potential recovery and a looming deadlock. Check out page 4 for more.
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