{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Property seekers being priced out of Tehran housing market' data-url='/boclips/videos/5c54c20ed8eafeecae156d50' data-video-url='/boclips/videos/5c54c20ed8eafeecae156d50' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nProperty seekers being priced out of Tehran housing market\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eAP Television is adhering to Iranian law that stipulates all media are banned from providing BBC Persian or VOA Persian any coverage from Iran, and under this law if any media violate this ban the Iranian authorities can immediately shut...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eAP Television is adhering to Iranian law that stipulates all media are banned from providing BBC Persian or VOA Persian any coverage from Iran, and under this law if any media violate this ban the Iranian authorities can immediately shut down that organisation in Tehran.\u003cbr/\u003eNo Access VOA Persian / No Access BBC Persian\u003cbr/\u003eTehran,Elahieh district, northern Tehran, 20 June 2011\u003cbr/\u003e1. Various Tehran's skyline and buildings\u003cbr/\u003e2. Various close-up of windows of unoccupied apartments\u003cbr/\u003e3. Mid construction crane\u003cbr/\u003e4. Close-up of an idle construction crane\u003cbr/\u003e5. Tilt-down of under-construction building and crane\u003cbr/\u003e6. PAN of construction workers working\u003cbr/\u003e7. Mid of supervising engineer and workers\u003cbr/\u003e8. SOUNDBITE (Farsi) Alireza Farnia, architect and supervising engineer: \u003cbr/\u003e\"it takes a long time to sell or rent out an apartment unit, from three months to one year. In one instance, we waited for a year and a half to sell an apartment. That is due to different reasons like inflation, price rises and soaring construction costs. Consequently, the housing prices climb and less and less people can afford to buy an apartment.\"\u003cbr/\u003e9. PAN interior of an apartment\u003cbr/\u003e10. Wide of buildings in distance and construction worker walking\u003cbr/\u003e11. Close-up of construction worker at site\u003cbr/\u003e12. PAN low-angle of under-construction apartment\u003cbr/\u003e13. Reverse-shot of a construction worker\u003cbr/\u003eTehran, Gorgan street, east of city\u003cbr/\u003e14. Tilt-down of sign reading (Farsi) \"Purchase, Sale, Mortgage and Rent\"\u003cbr/\u003e15. PAN of agents and clients in a real estate agency\u003cbr/\u003e16. Close-up of hand counting traveler's checks \u003cbr/\u003e17. Mid of agent and clients bargaining\u003cbr/\u003e18. Close-up of document folders containing database of houses and apartment for rent or sale\u003cbr/\u003e19. SOUNDBITE (Farsi) Masoud Yaghoubi, real estate agent: \u003cbr/\u003e\"the season of moving and renting is around the corner but this year we are experiencing an unprecedented rise in the housing rates specially in rental payments. The rents have been raised up to about forty percent compared with last year this time. On the other hand, people's purchase power has fallen down to about thirty to forty percent because of heavy living costs.\"\u003cbr/\u003e20. Close-up of Yaghoubi's hand flipping through pages of house date file\u003cbr/\u003e21. SOUNDBITE (Farsi) Masoud Yaghoubi, real estate agent: \u003cbr/\u003e\"more than seventy percent of our clients do not earn even 500-thousand Tomans (about 415 US dollars) a month. It is only out of despair and lack of choice and under the pressure of difficult living circumstances that they sign rental agreements with landlords with unaffordable rental rates around 1-million Tomans (about 900 US dollars) or alternatively they pay 10-million Tomans (about 8,400 US dollars) as the security deposit and 700-thousand (about 580 US dollars) as the monthly rent.\"\u003cbr/\u003e22. PAN of a couple walking into the estate agency searching for a house\u003cbr/\u003e23. Close-up of couple's faces\u003cbr/\u003e24. Mid of clients and agent\u003cbr/\u003e25. Close-up of agent's hand browsing the pages of a file\u003cbr/\u003e26. SOUNDBITE (Farsi) Ali Khooshegir, Tehran resident looking for an apartment: \u003cbr/\u003e\"last year, we used to live in house a number of blocks up this neighborhood but this year we have to search for a new place many blocks down (geographically toward south of Tehran where houses are cheaper and life quality is poorer) our current place. I guess we are going to have to move out of Tehran to other towns next year! although small towns are better places to live but we do not have any social welfare and facilities there.\"\u003cbr/\u003e27. Wide of agent and his clients heading to a for-rent apartment\u003cbr/\u003e28. Wide of tenant opening door to the clients and realtor to clients looking around the apartment\u003cbr/\u003e29. Mid of agent showing the couple around\u003cbr/\u003e30. SOUNDBITE (Farsi) Mahshid Shafiee, Ali's wife: \u003cbr/\u003e\"once we visited a house where the owner told us that we could rent it at 4-million Tomans (about 3300 US dollars) as security deposit and 400-thousand Tomans (about 330 US dollars) as the monthly rent. It was a 40-squaremeter house located below the ground floor. Worse than this was the landlord's condition: he told us that we should leave the place in the morning and get back at night (it should be empty during the day)! it means we are only renting a storage room for our furniture. he even told us we should not have any children.\"\u003cbr/\u003e31. PAN of clients, agent and current tenant in apartment\u003cbr/\u003e32. Close-up of under-construction building\u003cbr/\u003e33. Wide of construction worker\u003cbr/\u003e34. Wide of Tehran's skyline\u003cbr/\u003eThe soaring cost of property in the Iranian capital, Tehran, is pricing many people out of the market.\u003cbr/\u003eProperty prices often compete with upmarket districts in Paris, Tokyo, New York and London. \u003cbr/\u003eFor long, purchasing a house or apartment in Tehran was the dream of many residents, but today leasing mediocre accommodation may be just as unachievable.\u003cbr/\u003eOne square meter (10,73 square feet) in these high-rise buildings in Elahieh neighbourhood sells for around 7000 to 12000 US dollars. \u003cbr/\u003eGenerally, swanky houses equipped with facilities such as swimming pools, saunas, Jacuzzis and health clubs are the usual in northern Tehran.\u003cbr/\u003eCurrently a standard and independent system for understanding the true rent and mortgage rates in different parts of Tehran does not exist but a glimpse at the database of real estate agencies reveals that it is impossible to even rent cheaply in Tehran.\u003cbr/\u003eA 50 square meters apartment rents out for 25-thousand dollars a year at least.\u003cbr/\u003eThese figures may be converted into security deposit and monthly debts based on a mutual agreement between owner and tenant.\u003cbr/\u003eAlireza Farnia is an architect and engineer who is in charge of supervising constructions.\u003cbr/\u003eHe believes that owners are not necessarily the only ones to blame for the housing market inflation.\u003cbr/\u003eHe explains that with expensive construction materials, the gross cost of building a house leaves landlords no choice but to increase prices and rents, even if they have to wait for months to find a costumer.\u003cbr/\u003e\"it takes a long time to sell or rent out an apartment unit, from three months to one year. In one instance, we waited for a year and a half to sell an apartment. That is due to different reasons like inflation, price rises and soaring construction costs. Consequently, the housing prices climb and less and less people can afford to buy an apartment.\" Alireza says.\u003cbr/\u003eReal estate has always been seen as a good way to sop up the liquidity flowing into the economy of OPEC's second largest exporter of oil.\u003cbr/\u003eProperty is still the safest and most profitable investment in Iran and over the last decade has brought many investors incredible wealth they could have not achieved through any other investment.\u003cbr/\u003eOne of the most significant, out of many, campaign promises of Mahmoud Ahmadinejad, who was elected Iranian President in 2004 for his first term, was solving the housing problem for low-income Iranian families.\u003cbr/\u003eIn 2008, Ahmadinejad's administration initiated a massive construction project across the country called \"Maskan-e-Mehr\" aimed at attracting the demand from big cities to suburbs and satellite towns by building apartment complexes on cheaper land and selling them through low-interest loans or 99-year home ownership leases.\u003cbr/\u003eIran's Housing and Urban Development Ministry says it has built  1,400,000 houses around the country up to early 2011; nevertheless, housing still remains the number-one challenge for a large portion of the population in the big cities.\u003cbr/\u003eHousing sector experts believe that the project has failed to fully reach its key goals. \u003cbr/\u003eThey argue that while more than 70 percent of the housing demand burden is on big cities, the apartments offered by this project are not attractive to customers because they are located in areas with poor living standards, and residents would have to commute long distances between home and work every day.\u003cbr/\u003eThe Maskan-e-Mehr and other housing policies executed by Ahmadinejad's government did, however, bring stability to the market for more than a year. But in recent months, the stagnated housing market has restarted to boom, specially with rents skyrocketing.\u003cbr/\u003eSummer is the moving season and a busy time for brokers when the school holidays begin and families set out for real estate agencies .\u003cbr/\u003eIt is not a matter of moving to a newer, better and more spacious apartment for many tenants anymore.\u003cbr/\u003eEvery year, renters are worried they will not be able to afford even their current homes.\u003cbr/\u003eOn June 22, the government laid down a new law making it illegal for house owners to increase their rents more than 7 to 9 percent in the new rental agreements, in an attempt to restrain the market. \u003cbr/\u003eHowever, the reality is different. Real estate agency files indicate a 30 to 40 percent rise in the monthly rate compared to the summer of 2010.\u003cbr/\u003eMasoud Yaghoubi is a broker in Gorgan street, an overpopulated district in eastern Tehran, known for its fairly cheaper houses.\u003cbr/\u003eHe leafs through pages of his paper database in hope of finding a case to match the financial means of his client.\u003cbr/\u003e\"the season of moving and renting is around the corner but this year we are experiencing an unprecedented rise in the housing rates specially in rental payments. The rents have been raised up to about forty percent compared with last year this time. On the other hand, people's purchase power has fallen down to about thirty to forty percent because of heavy living costs.\" Masoud says.\u003cbr/\u003eHe can give countless accounts of tenants who sign rental agreements which are beyond their means.\u003cbr/\u003eTehran's geographical shape signifies a wide range of economic and cultural differences between the more affluent north and poorer south.\u003cbr/\u003eMoving toward the south, traffic gets worse, streets are more congested with houses,  and the population is denser. \u003cbr/\u003eAli Khooshegir and Mahshid Shafiee are a young couple whose landlord has doubled their current apartment's rent for the new lease and they have to move out to a cheaper house.\u003cbr/\u003eAli says every year they have to downgrade their neighbourhood due to inflation.\u003cbr/\u003eHe predicts they won't be able to live in Tehran if this situation continues \"although small towns are better places to live but we do not have any social welfare and facilities there.\" Ali says.\u003cbr/\u003eMahshid Shafiee, who is also at the end of her tether after weeks of searching, complains about how unfairly they have been treated by some landlords.\u003cbr/\u003e\"once we visited a house where the owner told us that we could rent it at 4-million Tomans (about 3300 US dollars) as security deposit and 400-thousand Tomans (about 330 US dollars) as the monthly rent. It was a 40-squaremeter house located below the ground floor. Worse than this was the landlord's condition: he told us that we should leave the place in the morning and get back at night (it should be empty during the day)! it means we are only renting a storage room for our furniture. he even told us we should not have any children.\" she says.\u003cbr/\u003eAbout 35 percent of Tehran's population, that was about 14-million in 2009 according to Iran's National Organization for Civil Registration, are renters.\u003cbr/\u003eThe official figures of Statistical Centre of Iran show that the housing market in Tehran experienced a 34.4 percent climb in rents in 2010 compared to 2009, and the increasing trend still continues.\u003cbr/\u003eThe average monthly income of each Iranian is approximately 730-thousand Tomans (about 608 US dollars), an official report by Iran's Central Bank says. \u003cbr/\u003eMeanwhile, the costs of living for an average Iranian family, that is parents and two children, is about 1-million Tomans (about 833 US dollars) per month, according to the same report.\u003cbr/\u003eThere is no definitive figure to determine the poverty line in Iran but different economic sources state that a four-member family earning less than 500 US dollars a month is deemed to be poor considering the current living costs in Iran.\u003cbr/\u003eIran's Central Bank has officially announced that 14-million Iranians live under poverty line.\u003cbr/\u003eExperts say governmental measures over the past 32 years in the housing sector have only decelerated the housing costs temporarily in big cities but none has been successful in lowering them.\u003cbr/\u003eThey warn that the ongoing circumstances would soon put more and more tenants, who already have to pay 100-percent of their monthly income for their accommodation, under the poverty line.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' 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