According to Tejarat News, the Housing Economics Office of the Ministry of Roads and Urban Development has reviewed 18 axes on the latest developments in housing and the economy.
The axes of some of the studies conducted on housing and economic developments include the study of the share of housing in value added, the study of private sector investment in residential buildings, changes in production profits and investment growth in housing (Tehran percentage), the share of housing and construction in employment, Investigating the share of housing in the cost of urban households, developments House price In Tehran, the number of transactions in Tehran in the period 2009 to 2009, housing price changes in different parts of the country, housing price changes in different parts of the country without taking into account the city of Tehran, housing price changes in different parts of Tehran, housing price changes In different areas of Tehran, excluding areas, it is higher than average.
The other part of the study also includes developments in the average purchase per square meter of housing in dollars, comparing the average price per square meter of housing in dollars and per capita income in selected countries (2020), the average price per square meter in dollars and per capita income in Middle East countries. 2020), examines the price bubble index in the housing market of Tehran, compares the annual price growth rate of parallel markets (2009 to 2009), and examines the fluctuations (shocks) of housing prices and exchange rates.
According to the studies conducted in November of this year, the average purchase and sale of one square meter of a residential unit is equal to 59 million and 398 thousand Tomans in region one, and this figure is equal to 11 million and 904 thousand Tomans for region 18 of Tehran.
Surveys of housing and currency price fluctuations Surveys conducted in the Office of Housing Economics indicate that one of the main reasons for the increase in housing prices is the growth of liquidity and inflation expectations. The report of that office examines one of the examples and concludes that at a time when the liquidity index of housing prices has exceeded its long-term trend, there is pressure to increase housing prices in later periods. Accordingly, in 1997, the greatest pressure to increase housing prices came from the shocks created in the liquidity index to housing prices, and the effects of this shock on the huge increase in housing prices in 1998 are significant.
This report indicates that the share of value added in the housing sector has decreased to 4.7% from 2009 to 2009. Also, private sector investment in Tehran and in all urban areas of the country had a downward trend from 1992 to 1995 and has been slightly upward since 1995.
Statistics on private sector investment in residential buildings show that in 1995-96, housing production profits rose from 70 to 120, and in 1997 and 1998, housing production profits fell to 64 and then 60 percent for two consecutive years, respectively.
The share of housing and construction in job creation in the country is low and has been declining. Reports indicate that the share of housing and construction in employment has decreased from 13.1% to 12.6% in the 10-year period between 2009 and 2009.
The share of the housing sector in household expenditures reached its highest level of 36% in the 10-year period between 1988 and 1998, which is an increase of 3.4% compared to 1988. This index for the city of Tehran in 1996 was equal to 49 percent.
The trend of housing price developments in Tehran is also upward. Studies show that the average price of housing transactions in Tehran is on the rise. So that the average price of housing transactions in Tehran in the first 8 months of 1998 was equal to 12 million and 617 thousand Tomans and in the first 8 months of this year this figure has reached 27 million and 828 thousand Tomans.
Housing price developments in Tehran also show a huge difference. According to the studies conducted in November of this year, the average purchase and sale of one square meter of a residential unit is equal to 59 million and 398 thousand Tomans in region one, and this figure is equal to 11 million and 904 thousand Tomans for region 18 of Tehran.
The report of the Housing Economics Office on the study of the price bubble index in the housing market of Tehran also indicates a significant increase in rents.
According to experts, one of the indicators of the price bubble in the housing market is the ratio of the average price to the average rent per square meter of housing. According to studies conducted since 1998, this index has increased significantly and has reached 23.
In the first eight months of this year, it was equivalent to 37%, which is more than twice the long-term average. According to statistics, the long-term average of this index for the city of Tehran is 18.