Banks to Help Lift Iran's Housing Industry

As home prices continue to rise, the housing sector has resorted to banks to help restore the ailing industry hit by stagflation.

Financial Tribune- Bank Maskan, the state-run housing lender is working on a new rescue package for the housing market. The plan is due to be implemented in the fourth quarter of the current fiscal year that ends in March 2020.
The tridimensional package focuses on “real consumers” as opposed to “home dealers” who are indeed jacking up prices for years by engaging in arbitrage, dodgy deals and short selling, ISNA reported.
It includes facilities for “home trade by real consumers,” “construction by real consumers” and “regulating the tenancy market”.

Publish Date: Jul 13, 2019