Unprecedented Housing Crisis
EghtesadOnline: Indicators testify to a critical, unprecedented situation in the housing sector.
Indicators testify to a critical, unprecedented situation in the housing sector.
The number of years people have to wait to save enough money to buy a residential unit has hit three digits. Nearly half of the population in Tehran is living in rented homes and the share of housing in the budget of Iranian urban households is three times the world average. And as much as 40% of the country’s population is suffering from poor housing. It goes without saying that these critical conditions did not emerge overnight.
Over the past few decades and under different governments, housing indicators have moved in a negative direction and the dimensions of the problem have gradually expanded to become a full-fledged crisis.