The prospect of the housing market in 1402 / the season of conversion of dollars to property is coming? – Tejarat News
According to Tejarat News, the average price of housing in Tehran has been on an upward trend since the beginning of 2011, and in July, the average price per square meter of a residential unit reached 40 million tomans. This trend was upward until December and reached 48 million and 73 thousand tomans; However, after the December report, no new report has been published by the central bank!
The latest statistics of the Tehran housing sector are related to the January report of the Iran Statistics Center, which shows the average price per square meter of a house at 52,800,000 tomans. The weighted average has been announced by this center in January as about 55 million tomans. But what path did the average housing price take in the last two months of the year and what will it do in 1402?
Housing price growth continues?
Peyman Molavi, an economist and financial market expert, told Tejarat News that the housing yield will be at least 30 percent from the end of December 1401 to the end of June 1402. He added: the real interest rate is currently close to negative 20%; As long as the real interest rate in Iran’s economy is negative, the growth of the housing market or the boom period of this market continues.
Molavi continued: The price growth in the housing market will exceed the inflation of 1402, which has a perspective higher than 50%, in the whole country. He also said: It seems that by June 1402, the average housing price in Tehran will exceed 62 million tomans per square meter.
This financial market expert also said about the dollar price of housing: the dollar price of housing will fluctuate in 1402, and based on these fluctuations, opportunities will be created to convert dollars into property.
not publishing statistics; Dealing with transparency!
Molavi also said about the non-publishing of the report on the developments of the housing market in Tehran in the last few months: it is a traditional matter that no more statistics are published when the price increases. By not providing the data, it appears that people cannot find out the prices themselves. This process causes problems in the analysis by investors and investors.
Should we buy housing or not?
He explained about the possible impact of currency openings on the housing market: Any currency opening that happens will not change the real estate market, because the housing boom and bust period is based on the real interest rate. If the real interest rate is negative, the real estate market is receptive to money and capital.
Molvi also said about the opportunity to buy housing: it is recommended that those who have been waiting for an opportunity to buy housing take action. Also, those who have saved dollars should note that the year 1402 can be the year when we face fluctuations and jumps in the price of the dollar, which is when the opportunity to buy property is created and they should not miss it; They should turn this capital into a house.
He explained about this buying opportunity: the real estate market in Iran is considered a low-risk market, and by creating collateral, it is possible to receive and create debt and use negative real interest rates for investors.
It should be noted that as experts believe, the possibility of improving foreign relations in 1402 and improving the process of foreign currency entering the country will not have a significant impact on housing prices.
At the same time, some other experts also say that due to the high price in this field as well as the prospect of increasing inflation and its impact on things such as the price of construction materials, the housing market will enter its recession period from around May.
Now, we have to see what path this productive market will take in the end considering these things and the increase in inflationary expectations in the society, and what is the slope of the price increase?
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