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Prices Rise Again; 2% Increase in Housing Inflation in December

Feb 5, 2026 February 5, 2026 2 min read 📰 VOA Persian
📋 Key Takeaway

The housing market in Tehran has seen a 2% inflation increase in December 2023, with average prices reaching over 80 million tomans. Many low-income households are unable to afford housing, despite government promises to build new homes. This situation highlights the ongoing housing crisis in Iran.

🔍 Quick Context Guide
💡 Bottom Line: Tehran's housing market crisis underscores the growing economic difficulties faced by many Iranians, challenging government credibility.

👥 Key Players

Ebrahim Raisi MENTIONED
President of Iran
"As the current president, Raisi's promises regarding housing development are critical to understanding government accountability and public sentiment."
Iranian Government Statistics Center MENTIONED
Government agency providing economic data
"Their reports influence public policy and economic understanding, impacting both citizens and investors."
Research Center of the Parliament MENTIONED
Legislative body providing research and analysis
"Their assessments of housing affordability highlight the socioeconomic challenges faced by Iranian citizens."

📰 What Happened

The housing market in Tehran experienced a 2% inflation increase in December 2023, marking a return to rising prices after a period of stability. The average housing price in Tehran has surged to over 80 million tomans, exacerbating the housing crisis for low-income families.

  • Average housing price in Tehran reached 80 million 600 thousand tomans in December 2023.
  • The first to third deciles of income earners are unable to secure adequate housing.

💡 Why It Matters

🇮🇷 For Iran: The rising housing prices highlight the failure of government promises to address the housing crisis, leading to increased public dissatisfaction.
🌍 Regional: The economic instability in Iran could have ripple effects on neighboring countries, particularly in terms of migration and economic relations.
🌐 International: International observers may view Iran's housing crisis as indicative of broader economic mismanagement, affecting diplomatic relations and sanctions discussions.

📚 Background

Iran has been grappling with economic challenges, including inflation and housing shortages, which have worsened in recent years due to sanctions and mismanagement. The housing crisis is a significant issue for many citizens, particularly low-income families.

Economic sanctions on Iran Housing affordability crisis
📡 Source: STATE MEDIA
📊 Confidence: 70%
As a state media report, the information may reflect government perspectives and could downplay criticism of the administration's performance.

The housing market has returned to a price increase trajectory after several months of price stability and even a slight decrease. The latest report from the government statistics center indicates a 2% increase in inflation in this sector for December 2023. Accordingly, it has been announced that in December 2023, the average price of housing in Tehran reached 80 million 600 thousand tomans, with Region 1 being the most expensive at an average price of 166 million tomans and Region 18 being the cheapest at an average price of 42 million tomans among the 22 regions of Tehran. The average price of housing in Tehran has risen from 10 million tomans in 2018 to over 80 million tomans in December 2023. This summer, the Research Center of the Parliament reported that currently, the first to third deciles are 'absolutely' unable to secure the housing they need, while the fourth and fifth deciles and even part of the sixth decile are 'relatively' unable to do so. Ebrahim Raisi had promised to build one million housing units during the electoral campaign, but to date, no housing has been constructed under this framework. A new layer of renting in Iran; up to 30 million for living in a basement. Loans for not owning a home; buying 8.5 meters of housing with a 960 million toman loan. The housing rental crisis in Tehran; a booming market for single rooms, 10 meters for 3 million tomans rent with a deposit. A newspaper report indicates that the municipality is asleep regarding the capital; Tehran is becoming Chinese.

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Translated from the original and edited for English readers. View original source →

Translation confidence: 90%

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