EghtesadOnline: New figures show that due to volatile currency fluctuations in recent months, which triggered steep price surges in the housing market and threatened the long-term outlook of the beleaguered housing sector by discouraging new construction.
EghtesadOnline: As Iran's housing sector is hard at work fighting off a returning recession triggered by the currency crisis, the state-run agent bank of the sector is pumping out facilities faster than ever to compensate for a dwindling purchasing and spending power.
EghtesadOnline: After enjoying a short period of growth on the back of stable outlooks and government support, Iran's housing and construction sector has once again contracted in the first six months of the current Iranian year that ended on Sept. 22, a central bank official said.
EghtesadOnline: Members of Tehran Chamber of Commerce, Industries, Mines and Agriculture’s Board of Representatives convened on Tuesday to discuss the latest status of the economy, particularly the anguish caused by the recent currency crisis.
EghtesadOnline: As prices of all goods and services, including apartments, are rising in Iran due to an ongoing currency crisis, the government is pondering on ways to facilitate conditions of homeownership to at least partially offset the declining public purchasing power in the housing market.
EghtesadOnline: The Central Bank of Iran has vowed to curb the rising tide of liquidity, which he blamed as the source of all market volatility, including a currency crisis that has seen the rial drop to record lows since April.
EghtesadOnline: As Iran continues to battle a currency crisis mainly brought about by expectations of worsening international ties because of the reimposition of US sanctions, the country’s housing market has experienced extreme fluctuations, especially in terms of prices, and its future seems completely tied to currency developments in the coming months.
EghtesadOnline: The chief executive of Bank Refah said limited overseas operations and rising inflation driven mainly by the recent currency crisis will pose major challenges to the banking sector in the coming months.
EghtesadOnline: Governor of the Central Bank of Iran says the monetary regulator is still actively pursuing bilateral currency swap agreements as part of the country's broader policies in spite of the ongoing currency crisis.
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.