The ineffectiveness of reducing the inflation rate on housing prices Tenants are under pressure
The Minister of Economy explained that the decrease in the inflation rate did not lead to a decrease in housing prices.
According to the economic monitoring report, will housing prices become cheaper? Housing prices continue to rise. Continue the news House price Read on. Unsettled housing market has not only caused a lot of losses to the activists of this trade, but has placed a heavy burden on families. Considering the decrease in the amount of buying and selling housing, it is clear that the recession in this market will not end easily. The deals that exist now are mostly related to sellers who have to sell their property immediately. According to reports, the inflation rate has not reduced the prices in the housing market.
The Minister of Economy said: Since the beginning of 1402, inflation has been decreasing in the market of various assets, including the housing sector, but of course, a decrease in the inflation rate does not mean a decrease in prices.
Ehsan Khandozi, the Economic Spokesman of the Government, in a press conference today, referring to the variables of the real sector of the economy, stated: Although during the past years, growth was accompanied by unemployment or growth without employment, but with the start of the 13th government and during the past two years, the rate of growth has increased. The production and economic growth of the country has also been in the direction of increasing employment.
The economic spokesman of the government added: 907 thousand people were added to the number of employed people this summer and the unemployment rate was 7.2 percent. Also, the participation rate has increased by 0.6%.
Growth of 370,000 employment in the industrial sector
He continued: This summer, there were 8.4 million people employed in the industry sector, which is 370,000 more than last summer. Also, there were 12,459,000 people in the service sector, which is 456,000 more than the summer of last year, when the number of employees in these two sectors hit a record. The number of agricultural workers has increased by 59,000 people, which, of course, is at a low level compared to 1,401.
Khandozi pointed to the housing sector and said: the share of housing costs in the household budget, especially the middle and poor classes, is significant, it puts heavy pressure on the household budget, and the president’s emphasis is to control housing inflation in order to provide more favorable conditions for the people.
Inflation in the housing sector is decreasing
Stating that there was a pause in the publication of statistics in this field for some time, he said: since the beginning of 1402, inflation has been decreasing in the market of various assets, including the housing sector. Of course, a decrease in the inflation rate does not mean a decrease in prices. Rather, the rate of price growth has been promising. The average housing price has decreased by 5% during the summer (September compared to July) in Tehran.
The economic spokesman of the government continued: Point-to-point inflation in September this year was 75.2%, which is 8.9% lower than point-to-point inflation in August.
Khandozi said: monthly inflation was 2.8% in July, 0.7% in August and 1.7% in September.
He continued: Point-to-point inflation in September compared to the price peak we had in May this year (point-to-point inflation in May this year has grown by 121% compared to the previous year), has decreased by 46 percentage points. This statistic shows that the price trend in this important market for the people and important for the government has entered a downward cycle.
The economic spokesman of the government stated: Of course, the one-year inflation ending in September this year has reached 83.9%, which has grown by 1.9% compared to August.
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