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Tehran’s Construction Materials Inflation at 59.6 Percent in Q3

EghtesadOnline: The general price index of construction materials for residential properties in Tehran grew by 59.6% in the four-quarter period to Dec. 20, 2020, which marks the end of the third quarter of the current Iranian year (Sept. 22-Dec. 20, 2020), compared with the previous year's corresponding period.
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Publish Date:31/January/2021 | 19:10

Construction Permits Up 34.5% in Q2

EghtesadOnline: Municipalities across the country issued permits for 137,431 housing units across Iran’s urban areas during the second quarter of the current fiscal year (June 21-Sept. 21, 2020), indicating a 34.5% increase compared with the previous quarter and a 39.3% growth compared with the corresponding quarter of last year.
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Publish Date:19/January/2021 | 14:59

Central Bank of Iran’s Report for 8 Months: Housing Loans Hit $3 Billion

EghtesadOnline: According to a new report by the Central Bank of Iran, 724,255 loans worth 390.94 trillion rials ($3 billion) were given out to different housing subsectors, including for home purchase, construction and repair, during the eight months to Nov. 21.
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Publish Date:01/January/2020 | 11:28

Construction of Rubber Dams in Gilan and Mazandaran

EghtesadOnline: Construction of 11 inflatable rubber dams is underway in the northern province of Gilan to help the region's agriculture, the Energy Minister said Thursday.
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Publish Date:28/December/2019 | 24:54

Heavy-Duty Vehicle Imports Hit by High Tariff

EghtesadOnline: Iran Road Maintenance and Transportation Organization is not capable of purchasing heavy-duty vehicles used for the construction and repair of roads due to the 90% tariff imposed by the Islamic Republic of Iran Customs Administration on their imports, an official with RMTO said.
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Publish Date:15/September/2019 | 10:41

New Timeline for Tehran-North Freeway Completion

EghtesadOnline: The construction of Section-1 of Tehran-North Freeway has made 95.5% progress and the project is expected to come on stream by the end of summer (Sept. 22), according to the newly-appointed head of Mostazafan Foundation.
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Publish Date:29/July/2019 | 10:51

Iran's Biggest Mortgage Provider Extends €14b in 3 Decades

EghtesadOnline: Iran's housing and construction sector has received about 2.09 quadrillion rials (over €14b) worth of loans during the past three decades, according to the state-run agent bank of the sector.
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Publish Date:03/October/2018 | 05:27

Iran: Housing Loans Rise 35% (Mar-Aug 2018)

EghtesadOnline: The total volume of loans allocated to Iran's housing and construction sector by banks and credit institutions during the first five months of the current fiscal year that ended on Aug. 22 jumped by 35%, according to data newly released by the Central Bank of Iran.
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Publish Date:29/September/2018 | 05:44

Construction PMI Bounces Back Above Threshold

EghtesadOnline: The PMI for the construction sector settled at 51.11 in the fifth month of the current fiscal year (July 23-Aug. 22) from 46.7 in the preceding month (June 22-July 22), indicating a 9.44% increase.
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Publish Date:13/September/2022 | 16:08

Tehran Building Permits Down 20%

EghtesadOnline: The process of issuing building permits in Tehran during the third quarter of the current year (Sept. 22-Dec. 20) has been fast tracked compared with Q1 (March 20-June 20) and Q2 (June 21-Sept. 21) of the current fiscal year, but the number of permits issued still shows a 20% decline compared with Q3 of last year, the head of Construction Engineering Organization of Tehran Province said.
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Publish Date:03/January/2021 | 14:37

Construction Sector Expands 5.4 Percent in 2nd Quarter

EghtesadOnline: The gross domestic product of Iran’s construction sector, which is the sub-sector of “industries and mining, sans oil” group, witnessed a 5.4% expansion in the second quarter of the current year (June 21-Sept. 21) compared with the corresponding period of last year, the Statistical Center of Iran’s latest report shows.
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Publish Date:09/December/2020 | 15:26

Experts Analyze Impact of Forex Appreciation on Real-Estate Prices

EghtesadOnline: Prices of construction materials are pegged to the value of the US dollar but the decrease in foreign currency exchange rate won’t necessarily lead to the fall in the prices of construction materials, says Alireza Sarhadi, a housing analyst.
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Publish Date:02/December/2020 | 13:22

2 Dams in Ardabil Near Completion

EghtesadOnline: The construction of Emarat Dam in Germi County in northwestern Ardabil Province is near completion, managing director of Ardabil Regional Water Company said.
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Publish Date:26/November/2020 | 16:14

Tehran Construction Material Inflation Exceeds 40% in Q2

EghtesadOnline: The general price index of construction materials for residential properties in Tehran stood at 698.8 in the second quarter of the current Iranian year (June 21-Sept. 21), according to the Statistical Center of Iran's latest report published on its website.
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Publish Date:01/November/2020 | 13:18

Ilam Dam Projects Appear Untenable

EghtesadOnline: Dam projects in Ilam Province have either been abandoned or making little progress if any and the Energy Ministry has not fulfilled its promises to help accelerate the construction .
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Publish Date:28/October/2020 | 13:40

TPPHC Cannot Retire Ageing Power Plants

EghtesadOnline: So long as construction of new thermal power plants in Tehran Province is not complete he ageing gas and steam units cannot be phased out, head of the Thermal Power Plants Holding Company said.
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Publish Date:12/October/2020 | 20:02

Cement Export Declines While That of Clinker Rises

EghtesadOnline: As of March 2018, Iraq used to be the main export destination of Iranian cement, but it is more than a year now since the neighboring country suspended imports of this construction material from Iran.
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Publish Date:06/October/2020 | 20:08