High prices in Iran’s stunted housing market leave tenants with few options
Summary
Housing prices in Tehran, Iran, are rising faster than most people’s incomes, making it hard for tenants to afford rent. War and economic problems, including sanctions and inflation, have worsened the situation, causing many to seek cheaper living options or stay with family.Key Facts
- Rent for a 20-year-old apartment in western Tehran increased from about $73 to $130 per month.
- Monthly minimum wage in Iran is around $90 to $120 with government help, while average family income is about $400.
- Rents in Tehran have gone up 30 to 40 percent compared to last year.
- Inflation is about 73 percent and rising, putting more pressure on housing costs.
- Many tenants face large rent and deposit payments that are hard to afford.
- Due to the war and economic uncertainty, fewer new housing contracts are being signed.
- Some tenants seek roommates, move to smaller cities, or return to live with parents to cut costs.
- Authorities have limited rules to control rent increases and allow short contract extensions during the war.
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