Housing prices in Tehran have increased ’20-fold’ over the past 10 years

A member of the parliament’s presidium announced on Tuesday, citing official statistics, that “land prices in Tehran have increased by an average of approximately 40-fold and housing prices by approximately 20-fold over the past 10 years.”

According to ISNA news agency, Mojtaba Yousefi said in an open session of parliament that the lower three deciles of society would need to wait 120 years to purchase a 70-square-meter unit.

Previously, Ahmad Donyamali, a member of the Supreme Housing Council, had stated that 90 percent of the income of low-decile households is allocated to housing and food sectors.

In recent years, media outlets in Iran have published reports regarding housing conditions, high rental rates, and the dramatic surge in housing prices, particularly in major cities such as Tehran.

These figures were announced as Ali Khodaei, the worker representative on the Supreme Labor Council, declared on Tuesday that studies show the poverty line in Iran is having an income lower than 10 million tomans per month.

He told the News Online agency that based on studies conducted by the Supreme Labor Council, the poverty line in 1399 (Iranian year) was approximately 8 million tomans.

Ali Khodaei’s comments were made in response to the announcement of 5 million tomans as the poverty line in Tehran and 4 million tomans in other Iranian cities by the deputy minister of welfare at the Ministry of Labor.

Previously, Morteza Bakhtiari, head of the Relief Committee, had stated: “The poverty line rose from 950,000 tomans in 1390 to 10 million tomans in 1399.”

Currently, the minimum monthly wage for a married worker covered by labor law is approximately 4 million and 500,000 tomans.

Source: Radio Farda