Sunday Aug 19, 201204:24 AM GMT
Housing market decline in Iran
Sat Aug 18, 2012 9:53AM
Broadcast Date: 17 Aug 2012 Watch on YouTube
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In recent years buying a house and putting an end to the painful monthly dolling out of rent, has become a one of the Iranian family’s main concerns.

In the last 2 decades the rise in property prices and rent has been drastic, and neither has followed any particular pattern or rule.

Contractors and even ordinary people with a bit put by have continued to invest in construction, but supply and demand has never determined the state of the property market.

Every price hike happens for a different reason: The price of building materials goes up, fluctuations in the gold and currency market, the inadequate yields of production in the country, and greedy realtors and property owners.

And of course it’s those with a modest or low income that suffer the most. Each government that comes into power has had long and short term housing plans.

Some have worked to a certain degree, and others have done more harm than good in the long run. In our last program we looked into the government’s policies for improving housing and the Mehr housing plan that was launched during the ninth and tenth government.

We saw how Mehr’s large scale construction projects, offering low interest loans for first time buyers, and offering free land for housing projects, has managed to shed a ray of hope on housing and give lower-income families the chance to own their own home, without worrying about fluctuation in the market.

But in big cities, the housing market isn’t very active. Staggering prices have led to a slump. In this edition of the show we will be looking into this market decline, and what the government is doing to fix the problem.
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