Are the official reports of the decrease in housing prices true? – Tejarat News
According to Tejarat News, the Minister of Roads and Urban Development announced: Housing production has a 30% contribution to reducing inflation in the country. According to the Ministry of Roads and Urban Development news website, Mehrdad Bazarpash pointed to the 30% share of housing production in reducing the country’s inflation and said: Banks are actually moving towards reducing the inflation rate by providing the necessary resources to advance the projects of the National Housing Movement. .
He also pointed to the reports of official authorities regarding the decreasing rate of housing inflation in the country and noted: the participation and support of various institutions in the production of housing will play an effective role in reducing the overall rate of inflation.
The trustee of the policy-making body in the housing sector has announced the existence of official reports that confirm the decrease in the housing inflation rate, but it is not clear which authorities produced these reports and why they are not made available to the public? Since January 1401, the publication of the monthly reports of the central bank on the trend of price changes and the volume of housing transactions in Tehran has been stopped, while in the last two months, the Minister of Roads and Urban Development and some other government officials have denied the existence of official reports on the decrease Housing prices have been announced. However, the content of these official reports is still out of the reach of the public and the media, and practically, the beacon of the market has not even flickered for months. (Economian World)
What are the consequences of housing price statistics?
The world of economics wrote earlier in a report: The new consequences of housing price statistics by official institutions have been revealed in the form of a golden pass to housing inflation. The last comprehensive report published by the Iranian Statistics Center on housing price and rent developments in the country is related to one year and one season ago, i.e. the winter of 1400, and the central bank has not published monthly reports on housing price pulses in Tehran since 6 months ago. The appearance of the story is that the politician has prevented the release of official statistics to prevent the market from being disturbed and thus to control inflation. But the fact is that the policy of imprisoning housing statistics has not achieved this goal.
Investigations show that, from the point of view of a group of official experts, preventing the release of official statistics on housing price changes is considered a big political error, and in the meantime, not only lawyers, but also ordinary people have suffered from this situation. A common example is when people refer to an official expert when they intend to receive facilities from the banking network in exchange for the best deed of a property. In these cases, it is necessary to estimate the value of the property so that the banking network can pay a facility equivalent to a part of the property’s value based on the credit rating of the applicant. Now, it is more difficult than ever to accurately estimate real estate prices in the absence of official statistics on transactions. The turning off of the real estate market guide has forced housing price discoverers to seek refuge in the informal market, and this method, which used to be one of several common price discovery methods, has now become the only method they use. In other words, referring to real estate brokers to find out the price of housing these days has become the only possibility to obtain information about some real estate cases, and this is while obtaining accurate information from the brokers, considering that there is always an equation of benefits at different levels. High housing prices are defined for them, if it is not considered impossible, it must be a very difficult task. Some experts say that in recent weeks, it was not affected by the announcement of housing price changes and inflationary changes in this market, which happened to be positive at one point, and if the official statistics were published, it would probably be reflected in the form of zero or negative inflation, due to changes in the proposed prices of property sales. There has been a change in the market and a group of sellers have turned to announcing prices higher than expected.
This situation has actually led to the sending of some official experts to the informal market and has disrupted the price discovery process by them. Therefore, the chaotic situation of the housing market caused by the non-disclosure of statistics is considered as a golden pass to housing inflation.