Financial Tribune - Bank Maskan, the state-run agent bank of the housing sector, is considering the possibility of increasing the ceiling of home loans while reducing their interest rates to boost the people's purchasing power that has taken a serious hit due to recent hefty price hikes.

Abolqasem Rahimi Anaraki, CEO of the bank, announced in a press conference on Tuesday that the bank is closely watching the hike in home prices and considering a rise in its loan ceiling for better supporting real demand represented by middle or lower class Iranians.

"In this vein, proposals have been made [to the government] that we hope will be reviewed and acted on so they can compensate for a portion of recent price changes," he was quoted as saying by ISNA.