Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2014End of 2013End of 2012SourcesVar ID
Total population78.14 million77.15 million76.16 million
WDI
A.1.1
Total number of households  21.19 million
Statistical Center of Iran:
A.1.2
Average household size  3.55
Statistical Center of Iran
A.1.3
Urban population (% of total)72.86% of total72.32% of total71.77% of total
WDI
A.1.4
Urban population growth (annual %)2.01%2.06%2.08%
WDI
A.1.5
A.2 Economy
VariableEnd of 2014End of 2013End of 2012SourcesVar ID
GDP, current prices (U.S. dollars)408,197 USD (millions)388,512 USD (millions)548,590 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)1,016,097 USD (millions)987,115 USD (millions)988,437 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)5,227.36 USD 5,039.3 USD 7,207.19 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)13,012.1 USD 12,803.63 USD 12,985.75 USD
WEO
A.2.4
GDP, constant prices (Percent change)1.28%-1.79%-1.88%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)25%35%41.2%
WEO
A.2.6
GDP, deflator (Index)2354.951886.391227.07
WEO
A.2.7
Consumer price index250.83213.95153.63
WDI
A.2.8
GINI Index 37.3542.02
WDI
A.2.9
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Interest Rates:A.2.15
Average bank deposit rateNot availableNot availableNot available
 
A.2.15.4
Lending rateNot available11%11%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2014End of 2013End of 2012SourcesVar ID
Number of dwelling units:B.1.1
Total Urban  14.78 million
Statistical Center of Iran
B.1.1.2
Characteristics of housing stock:B.1.3
Average dwelling unit size-existing  112.5 sq.mt
Statistical Center of Iran
B.1.3.1
% of substandard dwelling units  .5% of total
Statistical Center of Iran
B.1.3.2
Tenure in urban areas (%):B.1.4
Owner-occupied units  56.4% of total
Statistical Center of Iran
B.1.4.1
Estimated Number of units completed/yearB.1.5
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2014End of 2013End of 2012SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
M2 construction cost for median quality houseB.2.4


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Notes: Parisan bank offers residential construction loans for a maximum of 1.5 years, at a LTV of 70% or 250 million IRR, which ever is maximum.
Notes: Parisan bank offers residential construction loans for a maximum of 1.5 years, at a LTV of 70% or 250 million IRR, which ever is maximum. BankK Maskan offers a maximum if 350 million IRR
Notes: 75% of the dwellings lie in the size range of 75-150 m^2
Notes: Bank Maskan is the largest and only bank that is authorized to issue housing finance.
Notes: Bank Maskan is the largest and only bank that is authorized to issue housing finance.
Notes: Central Bank of Iran is the main lender for the largest & only government owned housing bank.
Notes: Central Bank of Iran is the main lender for the largest & only government owned housing bank.
Notes: In 2008, the Central Bank banned all banks and financial institutions from issuing residentail mortgages excepet Bank Maskan. Others issue short term improvements loans.
Notes: In 2008, the Central Bank banned all banks and financial institutions from issuing residentail mortgages excepet Bank Maskan. Others issue short term improvements loans.
Notes: In 2008, the Central Bank banned all banks and financial institutions from issuing residential mortgages except Bank Maskan. Others issue short term improvements loans.
Notes: In 2008, the Central Bank banned all banks and financial institutions from issuing residential mortgages except Bank Maskan. Others issue short term improvements loans.
Notes: Owned Land and building
Notes: Participation Bonds are issued to fund the financing activities. Buyers receive a share of profit.
Notes: Participation Bonds are issued to fund the financing activities. Buyers receive a share of profit.
Notes: Pecentage of tents, Huts, Sheds and other non stated dwellings
Notes: Under the Mehr Housing finance scheme, developers are provided free government land to build affordable houses and banks are proivided with government guarantees to issue 99-year mortgages to first time home owners.
Notes: Under the Mehr Housing finance scheme, developers are provided free government land to build affordable houses and banks are proivided with government guarantees to issue 99-year mortgages to first time home owners.
Notes: Under the Mehr Housing finance scheme, developers are provided free government land to build affordable houses and banks are proivided with government guarantees to issue 99-year mortgages to first time home owners.