Tehran Real Estate Market Slows Amid Conflict

Real estate prices in the Bazargan district of northern Tehran are experiencing volatility. This price surge has caused a shock among potential buyers, leading to a market recession. The source noted that the recession may not persist if political stability is maintained. Ongoing war is also cited as a factor driving uncertainty in real estate investments that require years to mature. Construction material costs have risen significantly, contributing to market instability. The economic situation is further complicated by local economic fluctuations and instability in material costs. Construction projects have seen a decrease in raw material availability and price volatility over the last two weeks. Investors face high uncertainty regarding the economic outlook for the coming days or weeks. Market participants report that no deals have been concluded since the conclusion of a recent twelve-day war. Construction material prices have become unstable, with some building materials seeing price increases over the last two weeks. Investors express concern over the long-term duration of the economic instability and the role of politics in market fluctuations. Relevant ministries stated that steel and metal production has not been directly impacted by strikes on industrial complexes, but project completion rates have slowed according to the report.