Re-advised the Minister not to buy housing

Re-advised the Minister not to buy housing
  • 2020-08-19
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For the third time in a year, the Minister of Roads and Urban Development has advised people not to buy houses at the moment in order to reduce the inflammation of the housing market, but the growth of housing prices has continued.

According to the International Iranian Stone Exhibition, it was in July last year that Mohammad Eslami, the Minister of Roads and Urban Development, who believed that housing prices were a bubble, advised applicants to avoid buying houses in order to reduce prices. Despite the fact that after that, the transactions dropped sharply and even in Tehran, with less than three thousand items, in September of last year, it reached its lowest level, at least since 1987, which, of course, was accompanied by stability and some price drop until November. The market has been on an upward trend since December last year.

Although some experts believe that not buying a cure prescription is not to stabilize the housing market and this market is affected by exchange rate fluctuations and of course is faced with a shortage of construction and supply of small and cheap housing, but Islami aims to lower housing prices. Once again in June this year, he told people not to buy a house for now.

Meanwhile, in July of last year, at the same time as the first recommendation of the Minister living in Dadman Building, the average price per square meter of housing in Tehran was thirteen million, three hundred and fifty thousand tomans, and in July of this year, it reached about twenty-one million tomans.

However, Mohammad Eslami recently said for the third time in response to a question whether he still advises people not to buy a house: At that time, the housing market was inflamed and is still inflamed and there is no price in the real market.

When will the people see the result of the plans of the government and the parliament in the housing market? He explained: "The results of the measures have already started, and God willing, the first series of houses of the" National Housing Action Plan "will be handed over to the people in the leading provinces this summer."

 Eslami said: "During the implementation of the" National Housing Action Plan "in some provinces, people will receive land and some will be connected to projects. In fact, we have established an active flow in the housing debate.

The Minister of Roads and Urban Development, in response to the question whether the delivery of houses to the National Housing Action Plan will lead to a reduction in housing prices or not, said: The reduction in housing prices is not a function of supply and demand, but a function of economic conditions.

* ISNA