tag Housing Sector

Home Renovation Loans Top $60m Since March 2019

EghtesadOnline: Home renovation loans in underdeveloped urban areas have been paid to 21,348 applicants since March 2019 up until now, Mohammad Hassan Alamdari, an official with Bank Maskan, the state agent bank of the housing sector, says.
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Publish Date:30/June/2021 | 24:27

Iran's Housing PMI Ends Fiscal 2020-21 Lower at 63.9

EghtesadOnline: The Purchasing Managers’ Index for the housing sector in the 12th month of the last Iranian year (Feb. 19-March 20) settled at 63.93 from 64.28 of the preceding month (Jan. 20-Feb. 18), indicating a 0.55% decrease, Iran Chamber of Cooperatives reported.
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Publish Date:14/April/2021 | 15:39

Banks Obliged to Increase Lending to Housing Sector

EghtesadOnline: Parliamentarians have obliged banks and credit institutions to allot a minimum 40% of their lending facilities to the housing sector in each fiscal year.
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Publish Date:09/February/2021 | 20:17

Housing PMI Declines by 3.8%

EghtesadOnline: The Purchasing Managers' Index for the housing sector in the 10th month of the current Iranian year (Dec. 21, 2020-Jan. 19) settled at 58.33 from 60.67 in the preceding month (Nov. 21-Dec. 20, 2020).
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Publish Date:06/February/2021 | 13:08

Housing Loan Ceilings for Youth Savings Account Raised

EghtesadOnline: Bank Maskan, the state agent bank of the housing sector, has increased the amount of loans it offers under the Youth Savings Account to applicants in Tehran by 60%, from 2,500 million rials ($8,503) to 4,000 million rials ($13,605).
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Publish Date:30/September/2020 | 14:15

More Mortgage Loans for Home Buyers in Undeveloped Areas

EghtesadOnline: A total of 9,070 loans from the resources of the "Housing Savings Account" scheme of Bank Maskan, the agent bank of Iran’s housing sector, were granted to applicants planning to purchase new homes in undeveloped urban areas in the last fiscal year (March 2018-19).
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Publish Date:26/October/2019 | 14:48

Bank Maskan Construction Loans Top $230 Million in H1

EghtesadOnline: Bank Maskan, the state-run agent bank of housing sector, granted a total of 62,944 construction loans worth 26,200 billion rials ($230.22 million) to real-estate developers across the country during the first six months of the current Iranian year (started March 21).
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Publish Date:22/October/2019 | 13:20

ICC to Publish Monthly PMI Report on Housing Sector

EghtesadOnline: Iran Chamber of Cooperatives will soon start publishing monthly reports on Purchasing Managers’ Index, under the Farsi acronym "Shamekh", related to Iran’s housing sector, an official with ICC said.
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Publish Date:07/October/2019 | 13:32

Mortgage Applications Under HSA Scheme in Sharp Decline

EghtesadOnline: The number of accounts opened with Bank Maskan, the agent bank of the housing sector for home loans, under the so-called "Housing Savings Account" scheme, registered an average weekly decline of 62% in the nearly first half of the current fiscal year (started March 21) compared with the same period of last year to reach 1,500 new accounts per week, an official with the bank said.
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Publish Date:22/September/2019 | 13:28

$760 Million in Loans to First-Time Homebuyers

EghtesadOnline: Bank Maskan, the agent bank of Iran's housing sector, has paid a total of 89,000 billion rials ($760.68 million) in home loans under the Housing Savings Account scheme since its launch in June 2015.
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Publish Date:17/August/2019 | 10:22

Bank Maskan Loans Top $360 Million

EghtesadOnline: Bank Maskan, the state-run agent bank of housing sector, granted a total of 102,295 loans worth 43,080 billion rials ($362 million) during the first quarter of the current fiscal year (March 21-June 21), indicating an increase of 5.3% in the value of facilities year-on-year, an official with the bank said.
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Publish Date:20/July/2019 | 10:59

Bank Maskan Loans Up 42% in Number, 26% in Value

EghtesadOnline: Bank Maskan, the state-run agent bank of the housing sector, granted a total of 421,800 loans worth 157.14 trillion rials ($1.17 billion) during the 10 months ending Jan. 20.
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Publish Date:24/February/2019 | 11:00

Bank Maskan Loans at $2.6b in 15 Months

EghtesadOnline: The state-run agent bank of Iran's housing sector has doled out loans worth $2.6 billion since the start of the second tenure of President Hassan Rouhani in August 2017, the bank's chief executive said.
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Publish Date:19/November/2018 | 10:17

Tehran Grabs One-Third of All Home Loans to Iranian Provinces

EghtesadOnline: Tehran received about one-third of all home purchase loans allocated to Iranian provinces during the first half of the current fiscal year (March 21-Sept. 22), latest data released by the agent bank of the Iranian housing sector show.
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Publish Date:23/October/2018 | 08:13

Iranian Elevator Manufacturers Look Beyond Borders

EghtesadOnline: Iran’s elevator manufacturing companies have the capacity to build 80,000 elevators annually, but currently they manufacture only 30,000 due to the prevailing recession in the housing sector, the head of the newly-formed Iran’s National Union of Elevator said.
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Publish Date:21/October/2018 | 08:21

Bank Maskan Loans Reach Record High

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.
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Publish Date:10/October/2018 | 05:48

Iran's Housing Sector Rocked by Currency Crisis

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.
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Publish Date:08/October/2018 | 08:54

Iran: Home Loans Surge by 19%

EghtesadOnline: Latest figures disclosed by Bank Maskan, the agent bank of Iran’s housing sector, indicate that the lender has upped the volume of its loans, as the housing market, especially the one in the capital Tehran, is taking a hit due to the prevailing currency volatility.
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Publish Date:23/September/2018 | 05:54