Iranian minister vows growth in housing sector, no price jump
Baku, Azerbaijan, May 31
By Khalid Kazimov – Trend:
An Iranian minster has forecasted that the country’s housing sector would see a considerable growth in near future, ruling out the possibility of any price rise.
Iran's Minister of Transport and Urban Development Abbas Akhoundi has said that there are about 2.6 million empty apartments in the country, Eghtesadonline news website reported.
The latest statistics by the Central Bank of Iran indicates a 6.4 percent surge in the number of trades of residential apartments in the second month of the current fiscal year (starting March 20) in the capital Tehran as 16,400 residential apartments were traded in the capital city in the mentioned period, year on year.
According to Roads and Urban Development Ministry of Iran, housing sector accounts for the seven percent of the country’s GDP and 20 percent of the national income.
The International Monetary Fund (IMF) forecasted that Iran’s GDP growth will stand at 3.3 percent in 2017 posting $368.5 billion.