4 Predictions of the housing market / will house prices increase? – Tejarat News

According to Tejarat News, the year 1401 was one of the unprecedented years for housing; This productive market was on the rise especially in the last months of the year until, according to the latest report published by the Iranian Statistics Center in January, the average price per square meter of a residential unit in Tehran reached about 55 million tomans. Experts believe that currently the average price has reached at least 60 million tomans.

Meanwhile, with the decrease in people’s purchasing power, the level of demand has decreased, especially for newly built houses, and on the other hand, the significant decrease in the profit of mass builders has also reduced the amount of apartment construction in the country.

The state of the housing market these days

The prospect of rising housing prices in the coming months has increased demand, especially from those who intend to invest in this market.

Meanwhile, market participants believe that property owners prefer to keep their capital at least for a short period of time with the aim of increasing housing prices.

Now we have to see how the behavior of buyers and sellers in this market will change with the beginning of May and the trading season.

Housing market outlook

As it was said, due to the critical situation of the macro economy, the rising prospect of the inflation rate and the government’s budget deficit, the experts predict that housing prices will rise until the end of the year.

They believe that with these conditions, the situation will become much more difficult for first-time homeowners and people’s purchasing power for housing will exceed this critical limit to the extent that marginalization and informal settlements will increase, especially in a metropolis like Tehran.

Experts look at the future of the housing market

Farshid PourhajatIn this regard, the Secretary of the National Association of Mass Builders told Tejarat News: Based on what can be inferred from the field, the housing production situation is still the same as last year, and the same procedure can continue in 1402. So far, nothing new has happened unless there are changes in planning and policies.

He continued: “Any program that is used is subject to time, and this disease that was created in the last 10 to 12 years cannot be solved easily.”

Peyman MolaviIn this regard, the economist and expert of financial markets told Tejarat News: the yield of housing will be at least 30% from the end of December 1401 to the end of June 1402. He added: the real interest rate is currently close to negative 20%; As long as the real interest rate in Iran’s economy is negative, the growth of the housing market or the boom period of this market continues.

Molavi stated: The price growth in the housing market will exceed the inflation of 1402, which has a perspective higher than 50%, in the whole country. He also said: It seems that by June 1402, the average housing price in Tehran will exceed 62 million tomans per square meter.

Mahmoud OladIn this regard, the housing market expert told Tejarat News: As a result of the lack of supply created during the past years, we will witness a high growth in demand.

He stated: Even if the sanctions are lifted and the situation improves, the issue regarding the improvement of housing market conditions is different, because it takes one to two years to provide a unit for supply, and the market responds to the supply in that period of time. is not.

Fardin Yazdani Another housing market expert also told Tejarat News about his prediction of the future of this market: I think the process of production reduction will continue, except for a small amount of production that is within the framework of the National Housing Movement Plan, and maybe its construction will continue up to 100-200 thousand units. .

He continued: Considering the increase in the dollar rate, it seems that the increase in housing prices will continue and the fever of the property market will also increase, including land and housing.

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