Prevalence of pricing in the housing market / 700 million tomans profit in just a few days! – Tejarat News

According to Tejarat News, one of the phenomena that has fueled the increase in housing prices in the past year is speculation and the increase in investment demand in this field.

Now some companies only accept applicants who intend to invest in the housing market for a short period of time. The beginning of the trading season as well as the prospect of increasing prices have also increased their scope of activity.

These real estate consultants offer files below the price in a certain area to the clients and again put it up for sale in a short period of time so that both the investor and the real estate company can profit from the fluctuations of the market.

These units may be bought and sold several times during a year without ever reaching the real consumer!

One of these real estate consultants says: We only accept capital between 2.5 and 3 billion tomans and after a month we sell the purchased unit with a profit between 200 and 300 million tomans. 15% of this investor’s profit is our share!

Experts believe that the increase in the number of transactions in the latest reports on developments in Tehran’s housing market is due to the increase in capital demand. These experts believe that people’s purchasing power to provide consumer housing has decreased significantly.

700 million tomans profit in a few days!

In the meantime, some other real estate consultants have more tempting offers; An activist in this area explains: “The files we have are all below the price. For example, we have been entrusted with a residential unit for which the owner has set a price of two billion and 300 million tomans. It means a lower price than the market! The buyer of this property can earn about 700 million Tomans in a few days. If it takes a month, its price may reach four billion tomans!”

The only fee this real estate company receives is the commission fee that is normally received; But there are also companies that receive both a commission and a percentage of the profit.

The owner of one of these companies says: “In big transactions, we have received up to 30% profit, but in smaller transactions, in addition to the seller’s commission, he also gives us about 10% profit.”

This type of buying and selling often has more applicants in the popular areas of Tehran, and the chance of liquidation of the units in a short period of time is also high.

In general, with the beginning of the trading season, some real estate companies can increase the price of real estate and be another heavy burden on the poor condition of the housing market by setting prices in a certain area in order to gain more profit.

Trading in the housing market

Mansour Ghaibi, an expert on the housing market, told Tejarat News: “The problem is that some of these guilds do not benefit from the way of earning money from buying and selling services or renting and mortgage.” That is, they have their own collection and sometimes they are not familiar with the real estate consulting profession and they do not know the simple legal techniques of the lease, and their main motivation is the commission.”

Ghibi explained in this regard: “Unfortunately, these people have not been properly classified by the union’s advisors, and they burn together. There are offices whose job is only to provide services related to buying and selling, renting and mortgage, and they make a profit from this, and they also work according to the tariff.

He continued: “These also have expert people; But there are people who buy them without expertise and just because they have capital in their office and are lurking in files at a price, and they make a profit by renovating that unit, and this process makes it expensive.”

The effect of traders’ activity on the price increase in the housing market

This real estate expert said about the effect of these people’s activity on the price increase in the real estate market: “These people are literally businessmen and ultimately increase the price in the real estate sector. It is interesting that most of them are in vulnerable areas of the society.

He continued: “These people cannot buy tens of billions worth of properties in the north of Tehran or expensive areas; Therefore, most of regions 9, 10 and part of region 5 and the south of region 2 have been shown. They take the files at a price, and I doubt that real buyers will be found for these houses.”

Ghibi said: “The problem of this story is that these people promise a commission of one percent or higher in order to lure a bunch of real estate consultants. This person in the position of a consultant, instead of giving the house to a local consumer, sells it to a businessman, and companies also buy and sell most of these properties.

He continued: “This process causes false financial circulation in the field of financial real estate and also fuels the increase in real estate prices in the aforementioned areas. Also, in terms of the internal organization in the field of housing, this issue is one of the plagues and damages that make the first-hand property not reach the hands of the real consumer.”

Injection of high prices into the housing market

This real estate expert said about the process of property becoming more expensive in this way: “Of course, we have heard a lot in this case that real estate agents raise the price of property, but I cannot accept this issue; In field studies, it is clear that the profit of a property is higher in sales. I explained the role of mediation and the method of buying and selling because of the high profit and fees, and it is clear and clear.”

Ghaibi explained about this: “If a real estate company knows that someone is an investor and may give a higher commission, it will show the files to him first; The same goes for shopping. These cases exist, but it is not possible for a company to sell a property above its price; “Now buyers also monitor the market and check the files of the area before buying.”

The involvement of mass producers in the buying and selling market

Ghibi also said about the involvement of mass builders in this field: “Of course, in the meantime, a bunch of builders and mass builders who are very appreciative, unfortunately, in addition to construction, have started a real estate business. This event determines the regional price. When someone has a large number of apartments in an area, he announces the price of a new building to the companies, and this becomes a belief so that he can raise his capital. These people are influential in the market and should be identified and requested.”

With the decrease in the value of the national currency, people are now looking for a way to preserve the value of their capital. One of these ways is the flow of this money to the capital markets. Because there is more certainty in the housing market than other parallel markets, people with more capital prefer to enter this market.

But the entry of speculative and business activities following this situation will put a double pressure on the housing market, and in addition to the higher price, units with suitable conditions will not reach the same number of real consumers who are left in this market.

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