Housing prices today, 15 Azar 1401 – Tejarat News
According to Tejarat News, average House price Today, Tuesday, December 15, 1401, a meter of 46 million and 700 thousand Tomans was reported in Tehran.
One of the housing market experts says: People usually consider the changes in the currency market as a sign of future inflation, and in such cases, they buy goods that can protect their capital against inflation. Based on this, the fluctuations in currency prices that started in October caused changes in inflationary expectations, which led to the movement of capital towards the housing market and appeared in November.
Mehdi Ravanshadnia, referring to the increase of 6.8 percent House price The city of Tehran added in the past month: It is obvious that as long as the trend of exchange rate and inflation is increasing, the price growth in parallel markets such as gold and housing will also continue.
Ravanshadnia emphasized: Another issue is the unbridled increase in the price of construction materials. The cost of housing construction in the country has increased so much that now in some regions of the country, the construction rate is more than the land price. Whereas before, the price of the land determined the cost price.
He said: The increase in the price of construction inputs has caused us to face a strange stagnation in construction. We need 800 thousand to 1 million residential units in the country every year; While the current production is less than half of this number. Of course, permits have been issued this year, which are mainly related to the National Housing Movement Plan, but this project has also been stopped in some parts. In fact, the permit is issued, but the completion of the work is not enough.
Factors of housing price growth in Tehran
This real estate expert stated that newly built units have gradually become rare in the real estate market and added: In the current inflationary conditions, sometimes we see that some sellers stop selling. This lack of supply has also become a factor for the growth of prices.
Mehdi Ravanshadnia said about the status of the National Housing Movement project: In the past year, attention was focused on the annual production of one million residential units, but no significant output was seen. This frustration led to further inflation. The applicants of this project decided to return to the market and buy with any level of ability.
Referring to 8000 transactions in November 1401 in Tehran, Ravanshadnia said: Comparing this number with the last two years shows that the number of transactions is not very low and shows a normal figure. We had 2,500 transactions in some months, and the figure of 8,000 units is a significant number that shows the release of some of the society’s funds to the real estate market.
He considered the most important ways to stabilize the housing market to control general inflation and increase construction, and said: Outside of the housing sector, inflation and currency price growth must be curbed. In the inner part of housing, there is no other way than production. This production should be in proportion to the demand, which is currently a major part of the demand for small-sized units.
Housing prices in Tehran
Therefore, according to the report, in November 2011, the average price of one square meter of housing in Tehran was 46 million and 700 thousand tomans, which has increased by 6.8 and 45.9 percent compared to the previous month and the same period of the previous year, respectively. According to the announcement of the Central Bank, in November, the number of transactions was 8000, which shows a growth of 47.8% and 9.6% compared to the previous month and the same month of the previous year.
Source: ISNA
To read more, the stock market is doomed to grow/ Which market should we invest in? read the
Follow the latest housing news from Tejaratnews.