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Housing Prices Break Records Amidst Recession

The housing market is caught in a strange situation; on one hand, transactions are at a complete standstill due to people's reduced purchasing power, and on the other, prices continue their upward trajectory.
house

Housing Prices Break Records Amidst Recession

The housing market is caught in a strange situation; on one hand, transactions are at a complete standstill due to people's reduced purchasing power, and on the other, prices continue their upward trajectory.

According to the Shahr-e-Bourse, the current state of the housing market is a clear example of “stagflation.” Despite a sharp decrease in the number of property transactions and real buyers being unable to enter the market, prices are still rising. Economic experts believe this phenomenon is not so strange, and housing, like other goods, is adjusting itself to the general inflation in the country.

A housing market expert states in this regard that when inflation exists in the economy, it is natural for the prices of assets like property to increase, even if there is no demand for it. He predicts that as long as inflation is not controlled, expecting a decrease or even stability in housing prices is far-fetched, and this uneven upward trend will continue. This situation puts extra pressure on tenants and those who dream of owning a home.

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