Increase in transactions of old apartments by home buyers
According to Tejarat News, during the last seven years, the share of units over 16 years old increased from 12% to 29.6% of the total transactions. Housing The city of Tehran has increased. Currently, 66.8% of the total housing purchase and sale contracts in the capital are for units over five years old and 44.4% for units over 10 years old. This is while in 1393, units less than five years old accounted for 58.1% and units with a building age of more than five years accounted for 41.9% of transactions.
During the past year, the share of newly built apartments in the total transactions of Tehran has decreased by 13%. In August, 1,400 units with up to five years of construction accounted for 33.2% of the total number of deeds in Tehran, while this group of apartments accounted for 38.5% of transactions last year.
About seven years ago in December 2014, residential units with a building life of less than five years accounted for about 58% of the total transactions in Tehran, which due to the decline in demand side of this share is in a downward trend, so that in December 2015 this The number has reached 54%, in 1398 it has reached about 40% and in August 1400 it has reached 33.2%.
In fact, the market has reversed and the dominant share of new units has been replaced by middle-aged and old units. Of course, most transactions are done in units of 6 to 15 years.
Homes with a building age of 6 to 15 years now account for 37.3% of total transactions; While in 1393, the share of the mentioned units was 29.9%. This shows that as demand for new units has declined, we have not seen a sharp decline in middle-aged units.
On the other hand, the latest statistics from the housing market of Tehran in August 1400 show low mobility with relative price stability in the southern areas of the capital compared to the previous month. During the past month, 13 districts of Tehran, including 4, 5, 6, 8, 9, 10, 13, 14, 15, 16, 17, 18 and 21, faced an increase in transactions, except for districts 5, 6, 10 and 16, where prices Decreased In other areas, we saw some increase in prices. In terms of transactions, in general, housing purchase and sale contracts in Tehran increased by 8.4% compared to July.
On the other hand, 9 regions including 1, 2, 3, 7, 11, 12, 19, 20 and 22 faced a decrease in transactions. Among these areas, the presence of investors is usually high in four areas 1 to 3 and 22, and the decline in transactions in these areas indicates the low interest of traders in these areas. Out of 320 neighborhoods in Tehran, only 17 neighborhoods are among the so-called stock market and in high demand, and therefore experts believe that the statistics of these 17 neighborhoods should be separated from the entire city of Tehran.
Due to the small number of sales contracts in regions 19 to 22, its monthly fluctuations can not be a criterion for assessing the market in these regions. The four regions 19 to 22 in August accounted for only 5.1 percent of transactions in Tehran and are not among the stock exchange regions in the housing market. Therefore, it can be concluded that most real estate transactions in August were made by the middle and consumer classes.
But the real housing demand curve, which has been declining over the past 3.5 years, has moved up in recent months. Despite the fact that the six-month inflation in the housing market was about 2%, this tolerance is generally considered to be almost zero in terms of general inflation of 45%, and consumer housing transactions are gradually increasing.
According to the indexes received from the housing market in the last five months, and given the relative stability of the parallel markets, hope for the promises of the 13th government economic team, the most important of which is the promise of building one million housing units per year. Tehran is in the price range of 30 million tomans. Housing inflation in Tehran in the last five months has been 2.3 percent, which in the absence of shock from parallel markets, if we encounter the same small growth in the second half and the annual growth of housing prices to about 5 percent is definitely the lowest increase in Will occupy between competing markets.
Source: ایسنا
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