Iranians floored by sky-high housing costs
A proposal by some Iranian parliament members designed to help renters could leave them locked out instead.
Home prices in Tehran more than doubled in the quarter that ended June 21 compared with a year earlier, after a prolonged period of relative price stability in the properties market.
Extreme fluctuations in the markets for alternative assets like gold coins and currency also caused residential property prices to skyrocket, as investors looked to hedge their capital against value loss. This was largely fueled by Washington’s unilateral exit from the Iran nuclear deal in May 2018.
