Housing prices will fall in the coming months with a recession in the market
A member of the parliament’s civil commission said that the recession in construction was less than in other areas of the construction industry, adding that the recession in the market could lead to a decrease in housing prices.
Seyed Hadi Bahadori, referring to the situation of the housing market in the coming months, said: “In the last two months, due to the outbreak of coronary heart disease, we are witnessing a significant decrease in housing transactions in the country, so that According to statistics, housing transactions in March of last year decreased by about 25 percent, and in April of this year, the decline in housing sales was significant.
The representative of the people in the Islamic Consultative Assembly, stating that of course the intensification of the recession in the housing market in the coming months is not far from expectation, added: it is normal.
He continued: “Of course, the recession in the housing construction market is an intermediate situation, that is, despite the outbreak of the disease, some builders have continued to build, and this has caused the recession in this sector, less than other areas of the housing market.” Be.
Bahadori said that the recession in the housing market will reduce prices in the coming months, adding: “It is clear that when the demand for housing is reduced, prices in this market will decline.”
The member of the Civil Commission of the Majles continued: “Of course, it seems that the decrease in housing prices will be in the short term, and with the increase in sales and purchase transactions, prices will return to the first state. Of course, this does not mean an increase in housing prices. As prices fall, that amount will be offset.
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