GeneralRent for a Room in Central Tehran Exceeds 100...

Rent for a Room in Central Tehran Exceeds 100 Million Rials

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Following the continued increase in rental prices and the housing crisis in Iran, Iranian regime media have reported monthly rent for a bed in central Tehran at prices ranging from 65 to 106 million rials.

The regime’s ecoIran website has announced that the minimum monthly rent for a bed in central Tehran is at least 65 million rials (approximately $112).

It is worth noting that the minimum wage for a worker with two children is estimated to be around $200.

The website emphasized that the majority of the demand for these dormitories and hostels comes from employees and workers. If the basis of received wages is the Ministry of Labor’s wage for 2024, the minimum cost of renting a single room in the center of the capital for single individuals without work experience is about 69% of their monthly salary, and the maximum rental cost is equivalent to 112% of their monthly salary.

Yesterday, Iranian media also reported on the chaotic state of the housing market, announcing that even with 500 years of current wages and salaries, it is impossible to purchase a 75 square meter apartment.

In a report on Thursday, July 18, the Ettelaat newspaper addressed the issue of rent, stating that over 7 million renting households across the country have experienced heavy increases in housing rent in recent years.

Housing has become a super crisis for households over the past decade. Government promises to solve the housing problem have also gone nowhere. During his election campaign and after taking office, Ebrahim Raisi promised to build one million housing units per year. However, more than three years into his government and after his death, nothing significant has happened in this area, and concerns about the continuation of the current trend persist in Masoud Pezeshkian’s government.

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