The housing market is changing/increasing demand for 20-year-old properties!

According to Tejarat News, the report central bank Regarding the developments of the housing market in May of this year, it indicates an increase in demand for the purchase of old residential units in the groups of “11 to 15” and “more than 20” years of construction.

According to TejaratNews’ follow-up of some trading companies, it seems that factors such as lack of residential land, severe inflation of construction costs, followed by the drop in circulation of housing construction in metropolises, especially in high-demand areas in the capital, have caused the price gap of newly built apartments with The units of several years of construction will be more than before. As a result, applicants have no choice but to buy residential units with a long building life.

Reducing the supply of newly built units to the housing market

On the other hand, the lack of supply of ready-made residential units by some investors has made the purchase of long-lived apartments in popular areas of the capital to be the only option on the table for consumer buyers.

Also, by looking at the comparison of some advertisements of newly built and several years old units on the site Wall You can find out about the price difference of these two categories in popular areas of Tehran, including areas 5, 10 and 2.

Opportunities and limitations of purchasing housing for the elderly

But the occurrence of such an event in the real estate market can have opportunities and limitations.

Mansour Ghaibi, an expert in the field of housing, said in a conversation with Tejarat News: “It is true that consumers have become interested in buying apartments with a high construction age.” Because the price of such properties is more reasonable from the point of view of the consumer society.

He further said: These days, new builders are facing many problems, including the high prices of land, permits, materials and materials. For this reason, the cost price of unopened residential units is much higher than the renovation of old properties. Therefore, the market of renovation and reconstruction these days has become more prosperous than in the past.

This real estate expert said: Investors and traders prefer to seek permission to demolish and renovate these types of properties, considering the value of the land. They want to use the capacity of such lands in a good way.

Should we buy a newly built property or how many years has it been built?

Ghaibi said: Naturally, everyone buys housing according to their budget. Newly built units have more up-to-date and reliable facilities. But this does not mean that there is no possibility of benefiting from space and suitable opportunities in old properties.

He added: If we look at this issue from an economic point of view, maybe the units built for several years with large land area will be valuable properties for investment.

Are the units over 20 years old?

But considering the low useful life of buildings in Iran, are the units built for 20 years or more in the jargon term?

Ghaibi said in this regard: Our definition of the property in question is that its ability to live and benefit from facilities has been reduced to a minimum or has lost such a possibility.

He said: There are old buildings in the city that have up-to-date capabilities both in terms of structural design and mechanical electricity. As a result, it is not possible to use the word Kalangi for them. The age of the building is not enough criterion for a property to be cheap, and such a thing has no economic justification.

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