Rise in Home Rents to Match Inflation
EghtesadOnline: Rents for residential units will increase at the same rate as the inflation rate that is currently hovering around 10% in the next fiscal year (starting March 20), the head of Tehran Association of Realtors said.
“Rents always depend on home prices and since housing prices are predicted to rise at the same level as the inflation rate or 2% more than inflation, rents will also rise to the same level,” Mostafa Qoli Khosravi also told Fars News website. He added that supply and demand are the other factor influencing rents, in addition to home prices. “So we hope the number of tenants will not increase during the next year,” Financial Tribune quoted him as saying.
Send comments