Iran Economy NewsHouse Rent Prices at Record High in Iran

House Rent Prices at Record High in Iran

-

After claims by Ehsan Khandouzi, the Minister of Economy of the Iranian regime, regarding the government’s optimal performance in the area of ​​rental rates, the state-run Donya-e-Eqtesad newspaper questioned this claim in a report, stating that investigations show, “In the thirteenth government, the housing rental market has recorded the highest growth in rental rates in history, according to official rental data.”

According to an April 17 report by Donya-e-Eqtesad, official figures related to housing rent inflation in Tehran indicate that from 2021 to the end of 2023, “rents increased annually by 45 percent, 44 percent, and 52 percent respectively.”

The report emphasized that the “most inflamed period of tenancy” has been during the presidency of Ebrahim Raisi, and judgment based on “official data” shows that this government has not succeeded in “regulating rental rates.”

In this context, in November 2023, Iranian media, citing official statistics published in this section, emphasized that the contracts of tenants in 2023 saw a 55 percent increase compared to the previous year, which is more than twice the “historical average of this rate.”

Donya-e-Eqtesad had also written at that time that in the past four and a half years, the rate of increase in rental costs in Tehran has been higher than the rate of increase in prices of other household items.

According to this report, the increase in rental rates has been affected by the increase in housing prices, which has also led to the disruption of housing market rules.

In the same vein, on November 6, 2023, Donya-e-Eqtesad wrote that statistics indicate a record registration of residence in houses up to 40 square meters in the capital during the current year.

The report stated that the share of “very small” houses of up to 40 square meters in Tehran’s transactions has increased from 3.3 percent in 2018 to over 5.2 percent.

The critical conditions of housing and rental rates have also been evident in the official reports of government centers, to the extent that the Majlis (parliament) Research Center also referred to the issue of increasing evictions from the housing market in August 2023 in a report and wrote that deciles one to three are not absolutely able to provide the necessary housing for their residence, and even some of the sixth decile are “relatively” unable to provide the housing needed for their residence.

Latest news

Child Laborers: The Silent Victims of Poverty and Inflation in Iran

On June 15, the state-run Shargh newspaper published a report on child labor titled "Childhood on a Work Shift,"...

Iran’s Regime Executes Political Prisoners Javad Zamani and Abolfazl Saedi

Iran's regime hanged two young men, Javad Zamani and Abolfazl Saedi, in the early hours of Tuesday, June 16,...

Iran’s Healthcare System on Verge of Crisis as Nurses Migrate En Masse

The crisis of nursing staff shortages in Iran, driven by the migration of nurses, has once again come into...

Volker Türk: At Least 40 People Executed on Security-Related Charges in Iran

Recent remarks by Volker Türk, the United Nations High Commissioner for Human Rights, have once again drawn international attention...

Iran’s ‘No to Executions Tuesdays’ Campaign Marks 125th Week

On Tuesday, June 16, the "No to Executions Tuesdays" campaign entered its 125th week, once again demonstrating the determination...

Cyberattack on Iranian Regime Banks Causes Widespread Disruptions in Banking Services

A cyberattack seriously affected the financial resources of the Iranian regime. A widespread disruption in Iran's banking network beginning...

Must read

Argentina Orders Trial in Absentia for Iranian Regime Officials over 1994 AMIA Bombing

An Argentine judge has ordered that ten individuals—including several...

Homes demolished in northeast Iran city

Iran Focus: Tehran, Jun. 12 – State Security Forces...

You might also likeRELATED
Recommended to you