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The housing sector is languishing for a third consecutive year in recession with no respite in the foreseeable future. Analysts like Hesam Oqbaei, head of Tehran Association of Realtors hold the view that by the next Iranian year (starts March 21, 2016) the key sector will eventually awake from its slumber. However, he adds that if the government fails to take effective action to address the compounding ills of the housing market it may face total insolvency with stagnation persisting for another four years. Other experts like Hussein Abdo Tabrizi, advisor to the minister of roads and urban development, blame opportunists and greedy middlemen who refuse to sell their property waiting for fatter profits. Continue reading