85 billion dollar investment sleeps in empty houses – Tejaratnews
According to Tejarat News, the average price of each residential unit in urban areas of the country at the end of last year was 1.37 billion tomans and the average area was 107 meters. If we consider 1.37 billion tomans as the average value of each vacant house, the amount of liquidity blocked in 2.5 million vacant houses (according to the statistics of 2015) reaches a strange number of 3,425,000 billion tomans, which is approximately It is equivalent to 60% of the total liquidity of the country in December of this year; A figure equal to 85.6 billion dollars (according to the approximate exchange rate of the dollar is 40 thousand tomans).
housing hoarding; The super challenge of Iran’s economy
Although in recent years under the influence of price growth, the estimates of how to make a profit from the real estate market have changed and moved towards the middle and low-income areas of the cities, the production, hoarding and oversupply of large, luxury and luxury properties is not only a problem for investors, but also It has become a challenge for the country’s economy.
Surveys show that about 65% of the units supplied to the housing market of Tehran are houses with a square footage of more than 100 meters, while the share of this square footage group in the final transactions in December 1401 was only 25.8 percent. In fact, on the one hand, we are facing the lack of supply and demand, and on the other hand, we are facing liquidity in large-scale properties. According to the statistics of 2015, there are 500,000 vacant units in Tehran province. Periodic jumps in the price of housing and its ability to align with general inflation, along with neglecting tax bases in the real estate sector, have turned the capital’s housing market into an attractive market for capital accumulation.
The tax on empty houses is less than 1.5 billion tomans!
However, the tax on capital gains has not yet been implemented and the tax collected from empty houses is a small amount. According to the statistics presented on December 19 this year, the income from the empty house tax in the first eight months of this year was one billion and 438 million tomans.
The draft tax on speculation and speculation (tax on capital gains) was finally approved by the parliament on the 5th of June 1400, and it came to the floor of the parliament at the beginning of January 1401. Some of its clauses have been approved and some articles have been referred to the Economic Commission for further consideration. However, it does not seem that this plan will be implemented soon.
More than 70% of housing transactions are speculative
Abolhassan Miremadi, an expert on the housing market, says: During the past decades, the housing market has grown almost 10 times more than other fixed assets and has overtaken parallel markets. Today, instead of being a consumer product, housing has become a capital product, and in the meantime, middlemen and brokers make huge profits. Of course, some people also buy housing to preserve the property value against inflation.
Mir Emadi stated that more than 70% of sales and purchases in the real estate market are of speculative type and emphasized: As long as the capital gains tax is not imposed for frequent sales and purchases of goods such as gold, dollars and real estate, the current situation cannot be controlled.
Source: ISNA