Bank Maskan home purchase loans reach $775 million

Financial Tribune – Bank Maskan, the state-run agent bank of the housing sector, granted a total of 228,949 home loans worth 113.83 trillion rials ($775 million) in the last Iranian year that ended on March 20, 2019.

“Tehran received up to 30% of all home loans allocated to Iranian provinces. A total of 70,135 home loans worth 39.31 trillion rials [$267 million] were allocated to prospective homebuyers in Tehran last year,” Masoud Izadi, the head of Bank Maskan’s Public Relations Office, was quoted as saying by HIBNA.

Three provinces, namely Khuzestan, Alborz and Isfahan, followed Tehran respectively in receiving the highest shares of total home loans allocated nationwide.