TODAY.AZ / World news

MP: Iran annually needs 1.5 million apartments

12 February 2019 [14:15] - TODAY.AZ

By  Trend


There is an annual demand for about 1 to 1.5 million apartments in Iran, said Mehrdad Bauj-Lahuti, a member of the Iranian Parliament's Budgeting and Accounting Commission, Trend reports referring to Mehr News Agency.

According to Bauj-Lahuti, there currently exists no stability between the supply and demand in Iran's housing sector, which, in turn, has led to inflation.

Bauj-Lahuti also said the number of homes needed for young Iranian couples annually stands at 800,000.

"Due to this not being met, the demand has been massively accumulated."

Bauj-Lahuti stated that the government should not only build new apartments for the next year (begins March 21, 2019), but also address the issue of deficits of the previous years.



URL: http://www.today.az/news/regions/179087.html

Print version

Views: 484

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: