What is the alarm of inflationary stagnation in the housing market / What is the data message of the Statistics Center? – Tejarat News
According to Tejarat News, last week after 10 months of silence, the Statistics Center of Iran published the statistics of developments in Tehran’s housing market. Based on this, housing prices have gone through a relatively decreasing trend since the beginning of this year.
Also, statistics show that the average housing price in Tehran has reached 77 million tomans per square meter this year. This is despite the fact that the average housing price in January of last year was estimated at 55 million tomans per meter. Therefore, it can be said that although the stagnation of transactions has caused a relative decrease in prices in 1402, the housing chart is still bullish compared to last year.
100% increase in housing prices from December 1401
Mansour Ghaibi, a researcher in the field of housing, told Tejarat News: “What can now be pointed out based on the report of the Iranian Statistics Center in the field of housing, is the issue of price increase from Azar 1401 to Shahrivar 1402.” This report shows that since December 1401, the price of housing has been increasing at an average rate of almost 100 percent.
He continued: “In more detail, some areas have experienced price increases of more than 100 percent and others less than 60 percent. This situation shows that inflation in the economic society still has a high impact on increasing the price of services and goods, including apartments.
The impact of government policies on the housing market
Ghaibi also explained about the impact of some government policies, including speech therapy: “The cases that have been said indicate that behaviors such as speech therapy and presenting reports without study in providing reduced prices in the field of housing have not been held accountable by the authorities. “Some ministers have acknowledged a 30 percent price drop, but the data of the Iranian Statistics Center show that this drop was less than 10 percent.”
He continued: “Those who were preparing to enter the market with a psychologically balanced price in the society and buy and sell, it is likely that they will stop reporting again and an absolute confusion will cover the market and take action from the buyer’s side. And whether from the seller’s side, it still goes to Mahaq.”
Ghibi also explained: “This issue shows a kind of disease in the housing sector and the normal course of the process and transactions intentionally introduces inflammation into the market. This type of action affects buying and selling. Indicators and variables effective in increasing or decreasing the price, psychological and political games and unreliable statistics have joined hands so that this market stagnation prevails and we will probably witness an inflationary stagnation in the housing economy in the future as well.”
This housing researcher emphasized: “Now is a good season to buy real and consumer applicants, and applicants should act before other inflammations affect the market.” Therefore, it can be said that contrary to what the government has imagined, recession is not a suitable solution to solve the problems of the housing market, and the impact that this situation inflicts on the body of this sector of the economy is much greater than the rise in prices.
The government should look for a way that has been studied and specially planned and can improve the infrastructure related to this sector.
Read the latest news related to housing in the housing section of Tejaratnews.