Tehran Mayor: 51% of People in Tehran are Renters

The mayor of Tehran stated that 51% of the people in Tehran are renters.

According to Alireza Zakani, the mayor of Tehran, 51% of the people in Tehran are renters.

He announced this figure during the signing ceremony of a housing construction agreement between the Tehran Municipality and the National Land and Housing Organization. In this plan, residential units are to be produced in Tehransar, located in district 21 of the Tehran Municipality.

The severe housing shortage, especially in large cities and particularly in Tehran, has led to a rapid increase in house prices and rent. A significant portion of the income of households without housing is spent on housing. Given the inflation in the prices of other essential items, this situation puts severe economic pressure, especially on the lower-income classes.

The government of Ebrahim Raisi began its work with the promise of constructing several million housing units and solving the housing crisis, but it does not seem to have achieved significant results in this area. With the depreciation of the rial in recent years and the increase in inflation rates, housing prices in Iran have also risen, and consequently, rent rates have increased as well. Over the past year, the astronomical surge in currency prices has further fueled price increases.