“We have on our agenda a variety of measures, including levying taxes on vacant homes and other property, and offering tax exemptions on the construction and renting of small homes,” Abbas Akhoundi was also quoted as saying by IBENA on Monday. Akhoundi was speaking to reporters on the sidelines of an international exhibition on construction industry in Tehran. “These measures, along with proposals put forth in the banking sector, are going through approval procedures in the government, Majlis and the Money and Credit Council, the details of which will be announced in due course,” he said.The government is struggling to rebalance supply and demand in the housing market by reversing a trend in the construction industry toward building larger homes, which are unaffordable for most people, especially the potential first-time home buyers, Financial Tribune reported.