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Prices on Iran's housing market decreasing

Business Materials 11 April 2022 14:53 (UTC +04:00)

TEHRAN, Iran, April 11. Iran's housing prices are starting to decline as the government is building more affordable housing units, said a member of Supreme Housing Council Ahmad Donyamali, Trend reports citing ILNA.

The government and parliament are stressing that the construction of 4 million apartments for low-income families will help reduce high rent in the housing market.

Ahmad Donyamali said the government is pursuing to offer more mortgages for the low-income families, to purchase apartments in within the National Housing Movement Plan.

The Iranian government's landmark housing plan aims at building about 4 million apartments in the next 4 years.

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