Islamic Republic of Iran : Strategies for the Housing Sector

The objective of this Housing Sector Strategy Report is to assist the Government of Iran in aligning its housing policy with its overall national policy of growth-led distribution. The study opens with an overview of Iran's macroeconomic circumstances and the effect its volatile oil-dependent economy has had on the housing sector. It discusses the principal challenges posed by the housing sector, with particular reference to demographic pressures, centralized and supply-oriented housing policies, and segmented markets along income. The remainder of the report examines policies and identifies bottlenecks affecting major sectors: the performance of land markets since the 1979 Revolution; housing subsidies; housing finance including the size of the mortgage market, accessibility to housing loans, and the state's approach; and the construction industry, it's organization and the related regulatory and institutional frameworks. In each area policy recommendations are given. Three overall recommendations are to sever the links between Government and financial institutions and construction companies; develop the private sector's role in the construction sector and reduce the relative dominance of quasi-public companies; and revise and simplify building codes and regulations to balance safety requirements with demand for housing and Iran's available pool of skills and materials.

Bibliographic Details

Main Author:	World Bank
Format:	Policy Note biblioteca
Language:	English en_US
Published:	Washington, DC 2004-05
Subjects:	AFFORDABLE HOUSING, BANKING SERVICES, CAPITAL GAINS, CONSTRUCTION, CREDIT POLICIES, CURRENT PRICES, DEVOLUTION, ECONOMIC GROWTH, EMPLOYMENT, FINANCIAL LIBERALIZATION, FINANCIAL MARKETS, FINANCIAL SERVICES, FREE BANKING, GROSS DOMESTIC PRODUCT, HOUSING, HOUSING CONSTRUCTION, HOUSING COOPERATIVES, HOUSING CREDIT, HOUSING DEMAND, HOUSING EXPENDITURE, HOUSING FINANCE, HOUSING FINANCE SYSTEM, HOUSING LOANS, HOUSING MARKETS, HOUSING POLICIES, HOUSING POLICY, HOUSING PRICES, HOUSING SUBSIDIES, HOUSING SUPPLY, ILLEGAL SETTLEMENTS, INCOME DISTRIBUTION, INFLATION, INSURANCE, LAND DEVELOPMENT, LAND PRICING, LAND SUPPLY, LAND USE, LAWS, LEASING, LEGISLATION, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, MACROECONOMIC STABILITY, MORTGAGE, MORTGAGE MARKET, MUNICIPALITIES, NATIONAL BUDGET, PRIVATE HOUSING, PRIVATE SECTOR, PRIVATE SECTOR PARTICIPATION, PRODUCTIVITY, PUBLIC AGENCIES, PUBLIC COMPANIES, PUBLIC ENTERPRISES, PUBLIC SECTOR, REAL ESTATE, REAL ESTATE MARKETS, REGULATORY FRAMEWORK, RENTAL HOUSING, SAVINGS, SECONDARY MARKETS, SECONDARY MORTGAGE MARKETS, SUBSIDIARY, TAX, TAX INCENTIVES, TAX SUBSIDIES, TAXATION, URBAN DEVELOPMENT, URBAN LAND MANAGEMENT, URBAN PLANNING, URBAN SERVICES, URBANIZATION,
Online Access:	http://documents.worldbank.org/curated/en/2004/05/4069545/iran-strategies-housing-sector http://hdl.handle.net/10986/15676
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