Withdrawal of investors from the housing market

According to Tejarat News, the first fact that is seen when we see an increase in apartments for sale without facilities in the housing market is that non-professional real estate investors are leaving this market. Landlords or a group of so-called “middlemen” who are “open property” and earn income through short-term and medium-term housing transactions, often buy perfect apartments so that they do not have trouble marketing at the time of sale. . But unprofessional investors, such as those who decide to buy a home by converting their other assets such as gold, coins and cars, usually have a limited budget and are therefore forced to buy troubled and low-cost homes.

In recent weeks, following the relative stability of housing prices since the beginning of autumn, the number of sellers who have already made capital purchases has increased. This has led to an increase in the supply of apartments below the average transaction price in Tehran. While the average housing price in Tehran has fluctuated between 30 and 32 million Tomans since the beginning of this year, there are currently a large number of sales files in the housing market that the bid price per square meter of these units is around 20 million Tomans and less. Is. The root cause of the cheapness of these files is the lack of facilities, and it shows that the capital purchases of the last two or three years have now been sent to the housing market as a new supply due to the housing prices.

Of course, in addition to non-professional investors, some professional investors are also filing a number of previously purchased housing units, and it seems that a group of these people also want to convert part of their real estate capital into another asset.

Source: the world of economy