The housing market is shrinking / there is no supply and demand – Tejaratnews

According to Tejarat News, the refusal of both the supply and demand sides to buy and sell has put the housing market on the path of shrinking in terms of the number of transactions and the total value.

According to ISNA, although the housing applicants in Tehran city refuse to buy, surveys show that many sellers of small-scale unkeyed units have also postponed the sale. As a result, most of the apartments in the market are old or large.

According to real estate brokers, the combination of the slowdown in transactions with the increase in housing production costs has led to uncertainty in the perspective of capital returns in the housing market and has fueled the construction stagnation. In this situation, we are facing the pressure of demand for unlocked units, which has caused some owners to postpone the sale.

Although housing prices have been on the path of declining growth rate since July of this year, variables such as general inflation, non-economic risks and construction stagnation have challenged the housing market. According to the statistics of this spring, housing production in Tehran shows a 46% drop compared to the spring of last year.

Surveys show that the majority of files in the housing market are large units located in the northern half of the capital. Although we are faced with a significant supply of small and mid-sized apartments in the 10th district of the capital, but often, there are units that the demand side is not very willing to buy. Most of these apartments are old, and apartments less than 10 years old in this area lack at least one of the elevator, parking or storage facilities.

In this table, a number of apartments that were advertised today, Saturday, October 30, 1401, on real estate sales sites in Tehran.