178 years of waiting to buy a house / People do not live to buy a house!

According to Tejarat News, the average time for people to become housewives is longer than their lifespan. Hamshahri recently reported that it would take 77 years for middle-class people to buy a house in Tehran. The world of economics, however, had said that the average time people take home is 88 years. Now new statistics have been published about the lowest income decile of the society.

A spokesman for the parliament’s civil commission said it would take 178 years for members of the first decile of society to buy a 75-meter house in Tehran. Nothing more than a century and a half!

According to the latest reports of the Central Bank, the average price per meter of a residential unit in Tehran in September has reached 31 million tomans. This means that a household must spend 2 billion and 300 million tomans to buy a 75-meter unit in the middle area of ​​Tehran.

3 centuries of waiting to buy a house in Tehran!

Meanwhile, according to the published reports, the monthly income of the families of the first decile is one million and 645 thousand Tomans. Accordingly, if a first-decile household saves its total annual income and does not spend even one rial, it will take at least 116 years for a first-decile household to be able to buy a 75-meter house in an average area of ​​Tehran.

But in principle, statistical calculations show that the household eventually saves one-third of its income and spends the rest. But if that were the case, it would take 348 years for a top-tier household to buy a home with one-third of their monthly income.

But now Abdul Jalal Eri, a spokesman for the parliament’s civil commission, has said that the waiting period for buying a 75-meter apartment in Tehran is 178 years for the first decile, 109 years for the second decile and 79 years for the third decile.

This is a statistic that, according to this member of parliament, was announced by the Ministry of Roads and Urban Development at the meeting of this commission. Housing prices have risen so much that even the waiting time for high-income deciles to become homeowners has increased significantly. According to this member of parliament, the waiting period for buying a house for the first decile has reached 25 years.

With rising housing prices, buying a home has become a dream for income deciles. People, however, have to be tenants. But the problem is that the increase in rents has been such that it consumes a significant portion of households’ monthly income.

According to the MP, 41.5 percent of people’s income is spent in large provinces and 60 percent of people’s income is spent on housing in metropolitan areas. Rising costs of buying and renting housing have forced some tenants to rent shared housing.

Tejarat News recently published a report showing that two families have jointly rented a 70-meter unit.