Contagion of severe rent inflation to the suburbs of the capital – Tejaratnews
According to Tejarat News, with the decrease in the purchasing power of housing in the country, the amount of rent has increased several times and has caused many problems for tenants.
Since the purchasing power of housing has reached a very low level, renting housing in big cities like Tehran has become the first option. Housing rent, which is usually a percentage of the total price of a residential unit, has faced a high growth in the past months, and now with the arrival of spring 1402 and the proximity of the moving season, it has become a major concern of tenants.
The growth of housing inflation is visible not only in Tehran, but also in the surrounding cities and suburbs of Tehran, and it has not been a few days since spring that this price growth can be seen in the new files uploaded on online sites for buying and selling and renting property, for example ; An 85-meter unit has been announced in Mehrshahr Karaj with a deposit of 250 million tomans and a monthly rent of 5 million tomans, or another 70-meter unit has been announced in Varamin with a deposit of 200 million tomans and a monthly rent of 6 million tomans, or the deposit of another 80-meter unit in Andisheh is 100 million tomans with a monthly rent of 8 million tomans, and in other cities around Tehran, from Pakdasht, Parand, and Islamshahr in the south of Tehran to Pardis, Roudhen, and Damavand in the northeast of Tehran, the housing rental prices also show an upward trend.
This is while the wages of workers in 1402 compared to 1401 increased by only 27% and increased from 6 million 433 thousand 117 tomans in 1401 to 8 million 82 thousand 60 tomans and a person who receives the minimum wage Even in the suburbs of Tehran, he either has to pay all his wages for the rent of the property and has to work multiple jobs for other expenses of his family, or another person in the family takes care of the other expenses.
The rental market is not separate from other markets
Abbas Akbarpour, an expert on the housing market, told “Etimad” about the growing trend of the housing rental market: as the new property rental files on online sites show, unfortunately, the prices in this property market are accompanied by an upward trend, and property owners believe that When the prices have increased in all markets, this market is not separate from other markets and they have no choice but to increase rents.
Referring to the reason for the excessive increase in rent prices in Tehran and the cities around the capital, Akbarpour also clarified: property owners are also trying to protect their capital in some way and they are trying not to be left behind by the existing inflation rate, and the fact that there is an expensive In the rental sector, it cannot be blamed only on property owners, because the tip of the arrow of these high prices is directed towards the economic decision makers, and one should ask, in these difficult economic conditions, why the wages should be so low that they take away the ability to rent property in the desired area from people. and move households to the suburbs.
Rent grows in line with the increase in housing prices
Akbarpour added: What was common in the past was calculated in such a way that the value of the apartment was divided into one-fifth or one-sixth, and the expectation was that they would be able to mortgage these units in full, for example; If the value of an apartment was 6 billion tomans, one-sixth of it would be in the range of one billion or one billion and 200 million tomans, which they would convert this amount into mortgage and rent, and if they did not calculate in this way, they would consider the average rental price per square meter, which Of course, whenever the price of apartments increases, the rental price of the property also increases in the same proportion.
Regarding the deposit of 311 million and 40 thousand tomans and the payment of 4 billion tomans housing facilities to young people in Tehran after a period of 15 years, this housing market expert said: It seems that these 4 billion tomans announced can be used to buy a property after 15 years. It does not have the standard with the appropriate size, because if we consider the rate of inflation in this period of 15 years in the current 50% range, maybe a person who has a deposit and received this amount of loan will be able to finally own a property with a size of 5 or 10 after 15 years. meter and this amount of loan will not be worth much after this period and it is only a proposal to please the youths which will not be effective for them at all.
Source: Online news