Financial Tribune – Misguided economic policies in Iran have led to the inefficiency of financial market, prompting investors to switch from production of tradable goods and services to non-tradable goods such as housing
Iran’s floor area per person has increased to 27 square meters to equal that of Germany and France, up from 25 square meters in the fiscal 2006-7.
The figures are lower than in Egypt, Morocco, Azerbaijan and South Korea, according to the Institute for Management and Planning Studies’ latest findings, Hibna reported.
As per the United Nations’ definition, floor area per person is defined as the median floor area (in square meters) of a housing unit divided by the average household size. This indicator measures the adequacy of living space in dwellings. A low value for the indicator is a sign of overcrowding.