House prices in Parand decreased by 30% / Has the season for buying housing arrived? – Tejarat News

According to Tejarat News, the grip of the recession on the real estate market since the beginning of this year has affected all aspects of the housing sector in Tehran. One of these dimensions is the price spectrum, which before the beginning of 1402 was on an unbridled and upward trajectory, and now with the locking of transactions, it has first stabilized and then decreased relatively.

Of course, this situation is not unique to Tehran, and in a short period of time, it has also spread to new cities like Parand. One of the real estate consultants in this area says, “The prices were constantly increasing until March, but the transactions were also going on. When the new year started, the number of transactions decreased; “Now the prices have decreased compared to last year, but the number of buyers is not comparable to last year.”

Residential units in Parand are divided into two categories: personalized and Mehr housing, based on field observations, Mehr housing units have experienced a sharper price drop than other units.

The reason for the decrease in house prices in Parand

One of the owners of real estate companies explained to Tejarat News about this: “In general, if you consider that housing units have more buying and selling, because a high percentage of them were not bought for residence, and now people who need their money try to “They should sell their surplus property anyway.”

This housing market activist in the new city of Parand considers the price drop in the last few months to be the result of this. He says, “The market is officially asleep, this situation was more intense in the summer. “The same people that I said need their money, over time and not finding customers, decided to sell their properties at a discount, and that’s what brought the prices here.”

The stability of currency prices and the reduction of apartment prices

Of course, some activists of the Parand Shahr housing market do not see the recession as the only reason for this downward price trend. One of them states in this regard: “Last year, the fluctuations in currency prices and the resulting excitement among people were also effective in housing prices and purchases and sales. Everyone had found the opportunity to buy the currency to maintain their currency and make a profit, but with the relative stability and the fever of excitement subsided, the transactions also fell asleep.

Comparison of house prices from the beginning of 1402 to today

Real estate market activists say that this stagnation and price reduction exists in Tehran itself, but its existence is more evident in new cities. A real estate consultant admits that most of the files have experienced a 20-30% price reduction compared to Eid 1402. Assuming a file that was worth one billion and 700 million tomans at the end of 1401, now, after eight months, it has decreased to one billion and 250 tomans. Also, another file, which was sold for two billion tomans in the same period, now has no customers for one billion and 500 million tomans.

Field observations show that now Mehr housing apartments in Parand start from 18 million tomans per meter and reach 25 million tomans per meter. Personalized files also have an average of 30 to 45 million tomans per meter. This is despite the fact that before this, the price floor of Mehr housing was about 24 million tomans per meter.

Consequences of recession in the housing market

Some experts believe that the stagnation created in the market was caused by the will of the government so that it can put the inflammation in the housing market to sleep. But now, after months of stagnation in transactions, it can be said that the impact of the recession on the housing economy was much greater than the upward trend of prices last year. Now, despite the relative decrease in prices, there are fewer buyers and sellers left in the market and the arena is practically empty.

Of course, experts and activists of the housing market believe that now is the right time to enter the housing market, especially for consumer buyers, but despite this, people and investors are still sitting outside the pit and waiting to enter the market in better conditions.

Read the latest news related to housing in the housing section of Tejaratnews.