New scheme to make home buying affordable

Financial Tribune – Stock market authorities are planning to launch a real estate exchange market to help address mounting challenges of the housing sector, a member of the High Council of Securities and Exchange said.

According to Hossein Selahvarzi, who also is vice president of Iran Chamber of Commerce, Industries, Mines and Agriculture, the real estate market will be the fifth bourse in Iran’s capital market.

Selahvarzi said launching a real estate bourse will help improve transparency in the key housing sector, the ICCIMA news portal reported.

“It will be an opportunity to make the [housing] market competitive and improve transparency. This will also help in setting a benchmark,” he said, speaking on the sidelines of a meeting with senior stock market officials on Saturday. The session discussed the feasibility of the plan.