Iran to tackle housing problems by 2013

Business Materials 12 May 2011 16:36 (UTC +04:00)

Azerbaijan, Baku, 12 May/Trend/

The Iran government plans to solve housing problems in next 2 years, Fars News reported quoting the minister of housing and urban development.

"Iran speeded up developing projects to expand opportunities for housing construction," Ali Nikzad said.

Iran has faced problems with housing construction over the past few years. According to the Fifth Five-Year Economic Development Plan, government should build more than 800,000 houses annually, though the figure reaches only 450,000 for now.

Demographic increase over the past 30 years alongside with inflation put government with a housing problem.

The statistics indicate Iran needs 3 million houses, and the figure is continuing to grow. Official figures show 40 percent of Iranians are in needs of houses.

Iran's Fifth Five-Year Economic Development Plan is part of the 20-Year Outlook Plan (2005-2025), which is the country's main blueprint for long-term sustainable growth.