EghtesadOnline: The Ministry of Roads and Urban Development has devised a nine-point action plan to help balance the housing market that has seen more than its share of ups and downs in recent months as the country grapples with a major currency crisis.
EghtesadOnline: The number of people, mostly first-time homebuyers who have registered to receive government facilities for boosting their purchasing power in the housing market, is drawing closer to half a million.
EghtesadOnline: Rampaging foreign exchange rates have grabbed many headlines in the past few months and especially the past few days, but the ailing housing sector that recently showed signs of coming out of its five-year recession is liable to take one of the biggest hits.
EghtesadOnline: Head of the Planning and Housing Economy Office at the Ministry of Roads and Housing Development discussed the short- and long-term impacts of the recent foreign exchange market volatility on the housing market.
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: More than 40,000 Housing Saving Accounts have been opened in the third quarter of the current fiscal year to Dec. 21 to mark a whopping jump of 57.6% compared with the same period of last year.
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: A special multilateral task group is amending regulations to usher the services of leasing companies into the Iranian housing market in the foreseeable future, the secretary-general of Iranian National Leasing Association said.
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: Despite the recent buzz in the housing market, the growth in prices has so far been on a par with the inflation rate that hovers around 10%, the head of Tehran Association of Realtors announced.