Financial Tribune- The Iranian housing sector is witnessing a notable increase in residential deals in a sign of imminent recovery, but a deputy roads and urban development minister said this will not translate into higher prices. I can assure you that we will not experience price jumps in the coming months and the next year [starting March 21],...

Financial Tribune- Iran will need to build more than five million new homes in the next decade to fulfill its household requirements, the deputy for housing at the Ministry of Roads and Urban Development said. Hamed Mazaherian made the statement in his speech at the two-day Fifth National Conference on Applied Research in Civil Engineering, Architecture ...

Financial Tribune- According to projections made in the governments comprehensive plan for the housing sector, one million residential units must be built annually for the next 10 years, a deputy roads and urban development minister said. About half of this need for residential units pertains to renovating worn-out units located in designated distressed ...

Experts believe the housing market, hit by the recession over the past two years, will eventually receive an impetus, as the Money and Credit Council raised the mortgage ceiling on May 19. According to the approvals of the council, mortgage ceiling in Tehran would increase to 800 million rials ($27,000 at official exchange rate) for first time buyers ...