Housing Sector
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IME Reviewing 3 Schemes to Fund Low-Cost Housing Sector
EghtesadOnline: Iran Mercantile Exchange is studying three schemes to help fund the struggling housing sector via the capital market, the IME deputy head for market development said.
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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,…
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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.…
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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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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…
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Salaf Contracts to Help Fund Housing Sector
EghtesadOnline: Plans are underway to launch standard salaf contracts for low-cost housing projects, head of the Ministry of Road's Housing Economy Department said.
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Monthly Housing PMI Declines
EghtesadOnline: The Purchasing Managers' Index for the housing sector in the eighth month of the current fiscal year (Oct. 22-Nov. 20) settled at 50.78 from 53.13 in the preceding month (Sept.…
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Bank Maskan Loans Surge by 46% to $767m in 7 Months
EghtesadOnline: Bank Maskan, the state agent bank of the housing sector, paid 201,360 billion rials ($767 million) in loans during the first seven months of the current fiscal year (March 20-Oct.…
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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…
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IME to Offer Salaf Contracts To Help Lift Housing Sector
EghtesadOnline: The plan to presale housing units through standard salaf contract will be implemented next month at the Iran Mercantile Exchange, the IME deputy for economic studies said.
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Bank Maskan Housing Loans Increase 70% to Over $300m
EghtesadOnline: Bank Maskan, the state agent bank of the housing sector, paid 73.17 trillion rials ($314 million) in loans during the first quarter of the current fiscal year (March 20-June 21).…
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ICC Releases Iran’s First Housing PMI
EghtesadOnline: Iran Chamber of Cooperatives has measured for the first time the purchasing managers’ index (PMI) for the housing sector in Iran, under the Farsi acronym “Shamekh”, for the month…
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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…
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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…
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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…
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Bigger Loans for Real-Estate Developers
EghtesadOnline: Bank Maskan, the state-run agent bank of housing sector in Iran, granted 4,834 construction loans worth 3,659 billion rials ($31.95 million) to real-estate developers during the…
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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…
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$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…
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Bank Maskan Monthly Loans Up 7%
EghtesadOnline: Bank Maskan, the state-run agent bank of the housing sector, granted more than 60,000 loans worth 27,540 billion rials ($230.46 million) in the last Iranian month (June 22-July…
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Bank Maskan Joins Regulated Forex Market
EghtesadOnline: State-owned Bank Maskan, the main lender in the housing sector, is to join the regulated forex market, head of the bank’s department for international affairs said Sunday.
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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…
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Banks to Help Lift Iran's Housing Industry
EghtesadOnline: As home prices continue to rise, the housing sector has resorted to banks to help restore the ailing industry hit by stagflation.
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Bank Maskan Home Purchase Loans Reach $775 Million
EghtesadOnline: Bank Maskan, the state-run agent bank of the housing sector, granted a total of 228,949 home loans worth 113.83 trillion rials ($775 million) in the last Iranian year that ended…
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Iran's Housing Inflation Well Below Average CPI Growth
EghtesadOnline: The consumer price index for the housing sector registered a year-on-year increase of 24.8% in the first Iranian month (March 21-April 20) compared with the similar month of last…
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Iran: Housing Inflation Lags Behind Average CPI Rise
EghtesadOnline: The housing sector registered a year-on-year inflation of 23.6% in the final month of the last Iranian year (Feb. 20-March 20) compared with the similar month of last year.
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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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Iran's Housing Inflation Lags Behind Overall CPI Rise
EghtesadOnline: Iran's housing sector experienced a year-on-year inflation of 24.2% in the Iranian month Dey (Dec. 22, 2018-Jan. 20).
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Iran's Housing Savings Account Scheme Losing Credibility
EghtesadOnline: The Housing Savings Account scheme, the mortgage loan program of the government-owned Bank Maskan, once acted as a stimulus for the housing sector, but not anymore.
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Iran Capital Market Willing to Host Real Estate Deals
EghtesadOnline: Head of the Security and Exchange Organization -the sole supervisory body in Iran's capital market – said the capital market is ready to open new vistas to finance the housing…
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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…