The supply in the housing market increased – Tejaratnews
According to Tejarat News, the situation of the housing market has stabilized in the last days of April.
The group of silent sellers have gradually entered the housing market as the last days of April and the holy month of Ramadan approach. Surveys show that the real estate market in Tehran has reached relative stability, and for this reason, the supply volume of newly built units and less than 10 years has increased compared to the beginning of this month.
In the early days of 1402, buyers and sellers withdrew from the capital’s housing market. Refusal to supply newly built units is more noticeable. On the other hand, some buyers expect the fluctuation of offered rates to subside.
Field reports from Tehran’s housing market show that the number of high-quality units offered for sale has increased since the beginning of this week. It seems that in the second half of April, the offered rates have reached a relative stability and this has caused some builders and owners of newly built units, less than 10 years old and with full facilities, to be encouraged to sell.
On the other hand, some ads are sold at lower rates than the region’s custom. Also, under the group of files, the phrase “discount on the basis of the transaction” is inserted. Real estate brokers believe that the growth of the stock market has attracted some stray capitals and will lead to a slowdown in the housing market.
Experts’ prediction of the housing market in the new year
A housing market expert, predicting property prices in 1402, emphasized the need to use all capacities to build four million residential units, such as foreign participation, private sector investment, and public participation and cooperatives.
The CEO of the Union of Construction Cooperatives of Tehran city added: field surveys show that the volume of housing transactions was high in the winter of last year and exceeded 10 thousand housing transactions in Tehran. This is the cultural reaction of the society, which shows emotional behavior in such a way that when the prices accelerate, the market comes out of the recession completely temporarily, and when the prices calm down, it plunges into a deep recession again.
Source: ISNA