According to a state-run newspaper, 30% of Iranians live in rented homes while 2.5 million homes are left uninhabited.
“26.6 million Iranians live in rented squalid homes and apartments,” Vatane Emrooz wrote.
The newspaper said that the owners of the 2.5 million uninhabited homes refused to rent their homes or would only rent them out at outrageous prices that almost no one could afford.
The price of rent in large cities has turned into a huge problem for Iranians who live under the line of poverty.
Iranian officials blame everything on the US and say that all economic problems are the result of sanctions. They say that institutionalized corruption and government mismanagement have had little to do with the economic crisis in Iran.
This is while sanctions have had very minimum effects on many economic problems, including the housing market.
According to the latest statistics released by Iran’s Ministry of Roads and Urban Development, the price of housing has risen by an average of 90% in the past year.
A regime affiliated economist recently told Tasnim state-run news agency that US sanctions had not effected Iran’s housing market.
“The sanctions have not effected the housing market,” he said adding that the price hike started in the second half of last year when there were still no comprehensive sanctions.
Iran’s housing market is under the control and ownership of wealthy regime affiliated mafias. Various officials have also dominated large parts of the housing market, pocketing the profit. One of the largest foundations that control the housing market is the Islamic Revolution Housing Bonyad owned by Iran’s Supreme Leader.
This is just one of the many foundations and institutions controlled by Ali Khamenei who has an estimated net worth of 200 billion dollars.
In an unprecedented move yesterday, US President Donald Trump imposed sanctions on the Supreme Leader of the Islamic Republic of Iran as well as on the Supreme Leader’s Office.
According to a White House statement, “The President’s order will deny Iran’s leadership access to financial resources and authorizes the targeting of persons appointed to a certain official or other position by the Supreme Leader or the Supreme Leader’s Office.”
Another institution responsible for Iran’s housing crisis is the Mehr Housing Project, which began under the presidency of Mahmoud Ahmadinejad. It is currently under the control of the Islamic Revolutionary Guards Corps.