Iran’s housing crisis aggravated by reluctant sellers

Iran’s enduring housing recession has cost many Iranians their dream of homeownership while depleting their purchasing power due to higher rent. The housing sector is unlikely to return anytime soon to the days when it was Iran’s best investment option.

The “Iranian dream” is the same around the world. Iranian families work hard to own a place they can call home, whether it’s a small apartment in Tehran or a house built of mud and stone in a village. Until recent years, the demand for housing was amplified by a volatile economy in which real estate presented the safest option for investment. This made housing one of the most prosperous sectors of the national economy.

Read more: http://www.al-monitor.com/pulse/ru/originals/2017/05/iran-housing-residential-property-market-recession.html#ixzz4ih0bSQ6s

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s