Experts: Expect a Sharp Increase in Housing Prices in 1403

A member of the National Association of Builders has predicted a significant increase in housing prices next year, citing the current state of the housing market and government policies. According to Farshid Pourhajjat, the 'pieces of the puzzle' indicate an unfavorable future for the housing market, stating, 'The government has not taken actions in 1402 that would inspire hope for a good future for housing in 1403.' This housing expert pointed out that the government's contractionary policies this year have failed to prevent rising housing prices, and it appears that conditions next year will surpass the government's planning. Pourhajjat also emphasized in a conversation with ILNA on Esfand 11 that due to severe price fluctuations, many housing construction workshops have been halted, and even builders of the National Housing Movement and the Housing Production Leap projects are left in uncertainty and confusion. On the other hand, home sellers are unwilling to sell, claiming that price discovery has not occurred following changes in the dollar price. He noted that the most significant price increases were related to construction materials linked to the steel sector, with one item experiencing a price increase of up to 90% alongside the rise in the dollar price. Other housing experts believe that given the current market trends and the budget the government has allocated for 1403, housing prices will rise next year. According to statistics published by this center in Tehran, housing inflation is nearly equivalent to the national average, with the average housing price in the capital exceeding 55 million tomans. The highest inflation in the housing sector has been reported in Chaharmahal and Bakhtiari province at around 62%. Protests have occurred in Qom against the uncertainty surrounding the pricing of homes known as national housing for Iranians living below the absolute poverty line; the Vice President stated that wage growth should align with the country's economic conditions. Protests continue in various cities, with at least four cities hosting professional gatherings. A government-supporting media outlet admitted that the promise of building one million homes annually has not been fulfilled. Prices have risen again, with a 2% increase in housing inflation in Dey. A new layer of renting in Iran has emerged, with costs reaching up to 30 million tomans for living in a basement. Loans have not led to home ownership; purchasing 8.5 meters of a house with a 960 million toman housing loan.