Resource information
The objective of this Housing Sector
Strategy Report is to assist the Government of Iran in
aligning its housing policy with its overall national policy
of growth-led distribution. The study opens with an overview
of Iran's macroeconomic circumstances and the effect
its volatile oil-dependent economy has had on the housing
sector. It discusses the principal challenges posed by the
housing sector, with particular reference to demographic
pressures, centralized and supply-oriented housing policies,
and segmented markets along income. The remainder of the
report examines policies and identifies bottlenecks
affecting major sectors: the performance of land markets
since the 1979 Revolution; housing subsidies; housing
finance including the size of the mortgage market,
accessibility to housing loans, and the state's
approach; and the construction industry, it's
organization and the related regulatory and institutional
frameworks. In each area policy recommendations are given.
Three overall recommendations are to sever the links between
Government and financial institutions and construction
companies; develop the private sector's role in the
construction sector and reduce the relative dominance of
quasi-public companies; and revise and simplify building
codes and regulations to balance safety requirements with
demand for housing and Iran's available pool of skills
and materials.
