How expensive was the one-year yield of housing/house prices in 1401? – Tejarat News

According to Tejarat News, year 1401; It was an unprecedented year in the housing market. In this year, the increase in inflation and the resulting expectations, international sanctions, and the rise in the price of the dollar and its increase in the second half of the year finally plagued this market.

Now the cost has reached such a level that providing permanent and high-quality shelter for a large number of Iranian families, especially in big cities, has become a distant and unattainable dream.

On the other hand, the inflation of construction materials and the increase in land prices went so far that the profit of the builders has reached its minimum in the last few years and mass builders no longer have the desire to build housing, this has caused the housing market to face problems from the supply side. .

Also, according to the report published by Iran’s statistics center on Iran’s economic growth in 9 months of 1401, following the shrinking of Iran’s economy, the share of construction in the gross national product has also become negative, while it had a larger share in previous years.

Housing efficiency in the past year

According to Central Bank statistics, the average housing price in Tehran in April 2011 was 34 million and 272 thousand tomans, which is a decrease of 2.4% compared to the previous month and an increase of 16.9% compared to the same month of the previous year. has done.

But from this month onward, the upward slope of the housing market will begin, until in June, compared to May, it will experience its highest price growth of 4.8, from 36,351,000 tomans to 39,414,000 tomans.

The next price jump happened in November with 8.6% growth. In October, each square meter of housing in Tehran was announced at 43 million and 724 thousand tomans, which increased to 46 million and 704 thousand tomans in November.

Stop publishing the average housing price report

Of course, the latest report of the central bank was announced until December this year, which announced the average price as 48 million and 73 thousand tomans.

The Statistics Center has also published the report on the developments of the housing market in Tehran only up to one month later, i.e. December, based on which the weighted average price of housing was recorded at around 55 million Tomans. The Statistics Center had announced the average price of April 1401 as 36 million and 542 thousand tomans.

Housing price efficiency

Therefore, according to the statistics of the central bank, the price of housing has grown by 2.40% from April to December this year and by 5.5% according to the report of the Iranian Statistics Center.

The average housing price based on the arithmetic average of each month has a figure closer to the central bank’s statistics, and for January, it was announced to be about 52 million and 800 thousand tomans.

Of course, according to tomorrow’s economic estimates, the average housing price in Tehran experienced an increase of more than five million tomans in February It seems that in this period, the average price in Tehran has entered the channel of 58 million tomans with continuous growth.

Assuming an average housing price of 58 million tomans, each person must pay three billion and 480 thousand tomans to buy a 60-meter residential unit!

According to the growth of the dollar price and the housing inflation outlook, experts estimate the average housing price to be higher than these limits.

Peyman Molavi, an economist and capital market expert, also stated earlier in the first half of March on TejaratNews’ live Instagram program: The first and most important thing to pay attention to regarding housing and activities in this market is the real interest rate. . As long as a stable negative real interest rate dominates the economy, the trend of price growth in the housing sector will continue. Because when the real interest rate in the country’s economy became positive during the past years, the recession overshadowed the transactions of the housing market.

He added: Currently, the real interest rate is negative 20%, this shows the continued growth of prices in the housing market.

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