EghtesadOnline: A housing official has ruled out any immediate impact of the ongoing rally in the foreign exchange market on home prices but says that in the medium term, a weaker rial would make the housing market bullish.
EghtesadOnline: Despite the recent surge in the value of gold coin and foreign currencies in the Iranian market, home prices remain unaffected and the sector’s experts believe the housing market will remain steady through the end of current Iranian fiscal to March 20, 2018.
EghtesadOnline: The Iranian housing sector, which has just entered a pre-boom phase after a five-year recession, will not register a notable fluctuation in home prices in the second half of the current fiscal year to March 2018, a board member of Bank Maskan, the agent bank of the housing sector, said.
EghtesadOnline: The average house price in Tehran during the last month of summer (Aug. 23- Sept. 22) increased by 9.7% from a year ago—a measure of the cost per square meter of floor space.
EghtesadOnline: The new property taxes are in line with constructors' incomes and the state of housing market, therefore it will not impact home prices, the chief of Iranian National Tax Administration said.
EghtesadOnline: As attested by officials in the past few weeks, there will be no surprise price hike similar to the ones witnessed a few years ago, assured a deputy minister of roads and urban development.
EghtesadOnline: The average house price in Tehran stood at 43.7 million rials ($1,165) per square meter, registering a year-on-year increase of 3.6%, the latest report of the Central Bank of Iran for the first month of the Iranian New Year (started March 21) said.