According to Khabaronline news agency, after the third imposed war, the housing market faced a huge price jump and the average housing price went from around 120 million tomans to around 250 million tomans. Surveys show that from Mehr 1404 to Mehr 1405, the average housing price in Tehran has increased by more than 130%, and in small cities, the price has increased by around 120%.
Ekungar wrote: While the average price of housing in Tehran is estimated to be around 250 million tomans per meter, the statistics of the Ministry of Roads and Urban Development show that the average price of housing in Tehran is around 200 million tomans. Also, these statistics show that the average housing price in cities is between 52 and 53 million. This is while the average construction cost per square meter of housing has reached 50 million tomans.
The review of the 10-year trend of the housing market shows that the average price of housing in Tehran has increased from around 4 million Tomans in 2015 to around 250 million Tomans in 1405. In other words, housing prices have increased by more than 615% in 10 years.
Of course, in the years 1404 and 1405, the housing price increase was slower than other markets such as gold and currency, and during these years, the largest increase was in the period of 1395-1403, when the housing price increased by 2000% and surpassed the gold and currency market.
While the inflation rate in 2015 was around 8%, currently the inflation rate has reached around 90%, and this issue makes it difficult for the lower classes of the society to buy a house.
One of the most important indicators for measuring the purchasing power of households is the ratio of housing prices to annual income. This index shows how many years of income a household should save to buy a house.
According to official statistics, the minimum monthly wage of workers in 1405 is about 22 million tomans, and the average annual income of an urban household is 30 million tomans, and the price of a 75-meter residential unit in Tehran is estimated to be about 20 billion tomans. A worker has to wait 104 years to buy a house.
Assuming the costs remain constant, even a household with an average urban income in the country needs more than 43 years of full income savings to buy a house in Tehran. Also, assuming a savings of 30% of the income of an average Tehrani household, the time to buy a house reaches about 97 years.
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