Real estate in Iran promptly rises in price
29 May 2008From the last presidential elections (when Mahmoud Ahmadinejad has become the President of the country) the real market estate of Iran has started to develop.
The prices for real estate have grown on 50 % in 2005 and on 65 % in 2006 and on 100 % - in 2007. Some economists predict, that the market will develop with prompt rates and further.
Annually 1 million potential buyers of habitation appear in the real estate market of Iran, while the country can enter no more than 600 thousand new houses a year. Thus, according to politician Mohammed Hoshchehreh, shortage in 1,6 million houses is observed in Iran.
The huge role in boom in the local market is played with inflow of the foreign capital, which volumes have increased after Iran for the first time has collided with United Nations’ sanctions in 2006. Receipt of means occurs due to Iranians, living abroad.
Now cost of one square meter of habitation in the country varies from $2 thousand up to $20 thousand.
