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proposal for a mixed-use project
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14.79
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In the past few years, the real estate market has experienced tremendous growth throughout Iran. Tehran market has seen dramatic increase in price in many parts. Consequently, there is huge capital flow towards capital city. As the oil price went up in the past few years, the wealth has been distributed between the wealthy people more than the poor ones and now a day because of weak governmental economic policy in Iran, most of this money finally goes to real estate market. Investors don t have many options to put their money in and real estate has shown great performance during the past fifteen years. Real estate market has more than 15% appreciation each year on average and since there is no tax on capital gain, most of the people think that it is a rewarding and stable investment. There are other factors which drives the market in that area which will be more discussed in the book.
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