Official statistics on income and expenditures of households in Tehran show that urban households in the capital of Iran allocated half of their expenses to housing last year. Some analysts believe that with the increase in housing costs from last year to today, this share has significantly increased.
Didbaniran website wrote in a report on this issue that this proportion in Tehran constitutes half of the households’ expenses, while in Bushehr province, only 21 percent of expenses are allocated to housing.
Although the information published by the Statistical Center of Iran is always viewed with skepticism by the public and experts, this statistic also indicates that the economic conditions in Iran are nearing crisis levels.
According to the same statistics, the average share of housing expenses in Iran as a whole was 38.1 percent.
According to the latest report from the Iranian government’s Statistical Center, the average housing price in Tehran increased to about 806 million rials (approximately $1,357) in January 2024. A development that Tasnim News Agency reported has rendered mortgage loans in Tehran ineffective because with a mortgage from the “Housing Bank,” one can only purchase about 8.3 square meters of housing in Tehran.
This news agency, close to the Revolutionary Guards (IRGC), emphasized in a report on March 10 that the government’s policies have been “ineffective” and have not led to the public welfare in the housing sector.
The reduction in people’s purchasing power is the most important factor in the inability of applicants to acquire housing. In this regard, during the summer of the current year, the Research Center of the regime’s Majlis (parliament) wrote in a report that until the beginning of the 2010s, first to third deciles were practically deprived of access to suitable housing due to their inability to pay bank installments.
Now, these deciles are “absolutely” unable to afford the necessary housing, and even the fourth and fifth deciles and even part of the sixth decile are “relatively” unable to secure housing.
During the his presidential elections campaign, Ebrahim Raisi promised to build one million housing units per year, but with more than two years of his government’s tenure, he has not yet achieved anything in this regard.
