Financial Tribune- House prices have not increased in the past four years and that is not expected to change in the foreseeable future, said the minister of roads and urban development.

�We had 650,000 empty housing units back in 2007 and in order to make these houses sellable, inflation should remain low and further price rises should be prevented,� Abbas Akhoundi was also quoted as saying by Banker.ir.

The Central Bank of Iran�s �Monthly Trends in Tehran Housing Market�, published earlier this month, shows that the average price per square meter of housing units in the capital reached 44.9 million rials ($1,400) during the Iranian month of Dey (started December 21, 2016), recording a 9.9% and 4.1% growth year-on-year and on previous month respectively.