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.