The effect of the recent P4 + 1 negotiations on the housing market
According to Tejarat News, Abolhassan Mir Emadi stated: The jump in the housing market in the last three years was like a fever that reached its peak last year. It was natural for the market to move horizontally a bit to reach equilibrium. The same thing happened and this year housing prices in Tehran stabilized and we even saw a decrease in prices in some neighborhoods.
He added: “On the other hand, now, under the influence of political and economic conditions, we are seeing a strange confusion in the markets and the prices of goods.” For example, the price of each kilogram of rebar reached about 25 thousand tomans and again decreased to about 14 thousand tomans. This shows that the markets are in a state of confusion due to uncertainty in the political and economic situation.
The housing market expert said that the purchasing power of housing is the most important factor affecting housing prices: “Until last year, some investors and property sellers announced numbers that had no specific basis.” In the north of Tehran, the housing rate reached 150 million tomans per meter, which, of course, was somewhat balanced this year, but it is still a long way from the purchasing power of the people.
Mir Emadi also considered the fluctuations of the dollar in the housing market effective and said: “In the past months, it was thought that the price of the dollar would remain in the range of 25,000 Tomans, but now we see that the lack of results in the P5 + 1 negotiations caused the dollar to reach over 30,000 Tomans.” This will affect the prices of goods, including housing, in the medium term; Because the exchange rate has a direct effect on the price of goods.
Regarding the housing price forecast until the end of this year, he said: “Currently, the housing market among the parallel markets has a lower inflation growth rate and will maintain the same rank until the end of the year, but prices will not decrease.” My prediction is that the negative effects of the lifting of sanctions in the first round will increase housing prices by 10 to 15 percent by the end of the year.
Therefore, according to the report, in November 1400, the average price of one square meter of housing in Tehran was 32 million and 9 thousand tomans, which has increased by 1.2 and 17.7 percent, respectively, compared to the previous month and the same period of the previous year. The number of transactions in this month was about 7.3 thousand items, which compared to the previous month and compared to the same month last year shows an increase of 33.5 and 63.5 percent, respectively.
Source: ایسنا