40% increase in housing rent in December – Tejaratnews

According to Tejarat News, the Iranian Statistics Center publishes monthly statistics on the change in the country’s inflation compared to the previous month and the same month of the previous year. Part of these statistics is dedicated to housing inflation and the rental market.

Checking the details of the statistics center’s report on housing market inflation

According to the recent report of this center, the point inflation has reached 48.5 from December 1400 to December of this year, which means that each household has spent 48.5% more than in December 1400 to buy goods and services.

In general, inflation has a point of change in inflation compared to the same month of the previous year. This statistic was 1.48 percent last month. Inflation has increased by 0.4 compared to the previous month, November 1400.

The coefficient of importance of housing and rent

If we examine the tables in more detail, we will find that each product or service has a different importance coefficient compared to the total index. This coefficient for housing and its derivatives is estimated at 1.31%, the coefficient of importance of housing for urban households is 1.34%.

The coefficient of importance for rural households is different and 4.14% is mentioned, which is very different from the statistics of urban households.

The rental market also has its own importance coefficient and among the rest of the statistics, the same 1.31 has been determined for it, which reaches 33.7% for urban households and 1.13% for rural households.

Housing price growth

Housing inflation has increased by 8.2 percent compared to the previous month in December and has reached 41.7 percent compared to the same month of the previous year. In urban households, compared to the previous month, it was 7.2% and for rural households, it was 3.3%. The annual statistics of urban households are 47% and rural households are estimated at 37%.

Rental market inflation

Inflation in the rental market has increased by 2.8% compared to the previous month and has been recorded by 41.6% compared to the previous year.

This statistic is 2.8% for urban households compared to the previous month and 3.4% for rural households.

The annual statistics for urban households is not far from the general statistics and is estimated at 9.41%, while it is 37% for rural households.

These reviews of monthly and annual inflation indicate the growth of inflation in the country; If we examine the events that we have witnessed in the past few years from the perspective of housing inflation, we will also notice the growth of inflation in this part of the economy.

The importance of housing for rural households is less than that of urban households and their annual statistics indicate a lower percentage, but the rate of inflation is higher for this segment of the society compared to November, and this applies to the rental market as well.

Considering the increasing price of land and construction materials, it seems that housing inflation will also go through an increasing trend in January.

The latest data from the Iranian Statistics Center shows that the price of construction inputs has increased by 29% from the summer of last year to this summer.

If this statistic is examined in more detail, we have seen price increase in cement group by 21.4%, electrical installation group by 39.5%, mosaic, tile and ceramic group by 36.8%, building painting group by 8.56%. The glass group has grown more than other groups with an increase of 3.83%.

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