The Impact of Oil Shocks on Housing Price in Iran

Nowadays housing is not considered merely as a matter of shelter anymore. But it is also considered as a political and economic commodity. Not only housing is one of the most important assets for householders, who hold it to accept higher risks in financial markets, but also it is an indispensable good without any substitute. Recent decades, housing sector has encountered inflationary recessions and booms along with interminable price growth in Iran. This inflation rate is as a result of excessive increases in liquidity, which is due to the spending of oil dollars. However, the inflation rate... Mehr ...