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It is disastrous that 55 percent of people's income in Tehran is spent on housing.

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Tuesday 2025/05/27 - 17:38News Code:18796

For major developers, buying a piece of land and holding it is more profitable than building housing.

Hossein Daroudian, an economic issues analyst: For most builders, purchasing land and holding it is more profitable than constructing housing. The share of housing in household income nationwide was 28 percent in 2011, which has now increased to 41 percent.

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