How expensive was the “annual” deflation of building materials/construction in the spring? – Tejarat News
According to Tejarat News, the Iranian Statistics Center has recently published a report on the price of construction inputs in the spring of 1402. These statistics show that in this period, the price index of residential buildings in Tehran is 2156.7, which has increased by 13.6% compared to the previous season, i.e. winter 1401.
On the other hand, this index has increased by 39.7% compared to the same period of the previous year and by 39.2% in the four seasons leading to the current season.
Seasonal inflation of construction inputs
In the spring of 1402, the price index of construction inputs in Tehran has grown by 13.6% compared to the previous season, which has experienced a decrease of 21.6% or 8.0 percentage points compared to the previous statistics.
In the spring of this year, among the executive groups, the highest seasonal inflation with 29.5% is assigned to the sanitary faucets group, and the executive group of hardware, rebar, door and window profiles, and fences faced a 3.0% decrease compared to the previous period.
Point-to-point inflation of building materials
Also, according to the report of the Iranian Statistics Center on the price of construction inputs, in the spring season of this year, point-to-point inflation has experienced a decrease of 15.5 percentage points. Point-to-point inflation indicates the amount of price decrease or increase that a product experiences compared to the same season of the previous year.
Last spring, among the executive groups, door and window fittings had the highest point-to-point inflation with 75.1 percent, and the cement, concrete, sand executive group had the lowest price increase with a point-to-point inflation of 19.4 percent in this period. has experienced
Annual inflation of construction materials
The annual inflation of construction materials in Tehran shows that in the three-month period of Spring 1401, the price index of these inputs in the four seasons leading up to the current season was 39.2% compared to the same period of the previous year, which compared to the same period in the previous season was 0. It has gone down by 8 percentage points.
In this season, among the executive groups, the highest annual inflation with 71.0% was related to glass and the lowest inflation with 27.9% was related to cement, concrete, sand and cement group.
The impact of construction stagnation on the price of construction materials
As mentioned in the report of the Iranian Statistics Center, the inflation of construction materials has relatively retreated in the annual period. It should be mentioned that the field observations of Tejaratnews from the summer of this year are also in accordance with the same trend.
For example, size 12 rebar, which cost 4 million 403 thousand 670 tomans per piece in June this year, has experienced a drop in price to 3 million 211 thousand tomans per piece on August 28.
The price trend in the rebar market is also the same. Size 12 ribbed rebar, which was priced at 24,436 Tomans in June, reached 22,600 Tomans on August 28, 1402.
Also, the construction profile of Isfahan, which had a price of 32 thousand 111 tomans in June, now its price per kilo is estimated at 30 thousand 274 tomans.
As mentioned, the current main player in the housing and construction transaction market is the recession. Some consider the same stagnation in construction and the lack of applicants as the reason for the current calmness of the building materials market and its relative price reduction.
Of course, some others consider the current conditions of the dollar price to be effective in this process. The price of the dollar, which had previously risen to the channel of 60 thousand tomans and fluctuated on the channel of 50 thousand tomans for a while, has now entered the channel of 40 thousand tomans again.
Of course, experts believe that these conditions and the reduction in the price of construction materials cannot be considered as an achievement for the development of the housing market, because these conditions are the result of the market stagnation, and with the disappearance of this recession, the increase in prices will resume its course.
Some other experts also say that the continuation of the current conditions in the last months of autumn will cause an inflationary recession in the market; A situation that has existed before in the market of real estate and construction materials.
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