Housing market situation in September

According to Tejaratnews, the expectation of building one million housing units, announcing the implementation of the Housing Production Leap Law and at the same time reviewing a plan in the parliament that will increase the Ministry of Roads and Urban Development’s oversight of the performance of real estate companies kept housing prices stable in September.

The capital’s housing market is stable and expected in the last month of summer, and the good news about paving the way for mass housing production has saved this sector from the sudden jump in prices that is repeated every year in the last month of summer.

Field observations show that the recession in the housing sector continues with prices stabilizing. Last summer, the situation was reversed and the house in the recession experienced price growth.

Real estate agents are now announcing a halt to the emotional growth of housing in the northern part of the capital city, which, in addition to saturating prices, is followed by another reason called the expectation of housing supply.

Yesterday, the most important law in the field of housing production was announced to the President, which is said to be different from all previous laws, and its implementation can end the hoarding of government lands in the hands of organizations and institutions, and can put the name of well-known builders in the Ministry of Roads. And urban planning to open contracts for the construction of one million housing.

Following the proper implementation of this law, stagnant rules and regulations will be removed, which experts believe in this case, in the first step, there is a capacity to increase housing production by 35% and gradually achieve the annual construction goals of one million units according to the Housing Production and Supply Law. We will.

The Production Leap Act also obliges the Ministry of Industry, Mines and Trade to transfer the real estate system to the Ministry of Roads and Urban Development free of charge within the next month; This issue can help to expand the supervision of the Ministry of Roads and Urban Development in the field of hoarding and reducing vacant houses, and by offering the house to the market, it will once again lead to lower prices or at least price stability.

The parliament is also now seeking to fundamentally reorganize the trading companies, and reorganizing their managerial and supervisory positions is on the agenda. The activity of real estate companies is in the field of land and housing, but their union position is in the Ministry of Silence and they have no connection with the Ministry of Roads and Urban Development as the main custodian of the country. This has left the Ministry of Roads and Urban Development with no legal backing to oversee the performance of real estate companies, which play a large role in pushing up prices.

A bill entitled “Requirement of Official Registration of Real Estate Transactions” has now been drafted by the Parliamentary Judiciary Commission and approved in the parliament, and is currently in the process of resolving the Guardian Council’s objections. In the mentioned plan, a new method for determining the tariffs of trading firms in the field of buying and selling land, housing, mortgage and rent has been identified, which seems to be more effective than the plan to reduce the tariffs of trading firms.

It is said that the annual construction of one million housing units for the next 4 years will compensate for 70% of the backwardness in the field of housing and reduce the population in the housing queue. It has created a good measure of the future housing situation of the country.

In August of this year, the average price of one square meter of housing in Tehran was 30 million and 970 thousand tomans, which compared to the previous month and the same period last year has increased by 30.1 and 34 percent, respectively. A study of the distribution of the number of residential units traded in Tehran by building life shows that units up to five years of construction with a share of 33.2% have the highest share in August.

Source: IRNA

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