Friday, 23 August 2019 12:33 GMT

MP: Iran annually needs 1.5 million apartments

(MENAFN - Trend News Agency) Baku, Azerbaijan, Feb. 11

By Elnur Baghishov - 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.

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MP: Iran annually needs 1.5 million apartments


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