Iran housing boom

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: Lower bank interest rates, which cause more capital to flow toward other sectors including the housing sector, will prove instrumental in triggering a boom in the sector, a board member of Tehran Association of Realtors said.

EghtesadOnline: The Iranian housing market has been mired in recession for the past four years, but while its gradual recovery is almost certain, it will heavily hinge on what President Hassan Rouhani’s government will do to reform the banking system, two housing experts said.

EghtesadOnline: Minister of Roads and Urban Development Abbas Akhoundi has reiterated what has been stressed by many officials in the past few months that the ailing Iranian housing sector is emerging out of recession.

EghtesadOnline: A number of positive factors in the housing sector heralds the end of the long-running recession and the beginning of a pre-boom phase in the key sector, the head of Tehran Association of Realtors has announced.