Iran's Housing Crisis Deepens as Prices Soar, Wages Stagnate
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Housing prices in Tehran have risen 84% since last year according to new data from Iran's Statistics Center. The average price per square meter is now about $1,600, a 20-fold increase in 8 years.
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Buying property has become nearly impossible for most Iranians, with average monthly salaries around $200. Workers now spend 100% or more of their wages on housing costs.
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Iran's budget deficit is increasing due to high inflation and failed economic policies. The government has been covering deficits by borrowing from banks, raising its debt.
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Only 4% GDP growth in 2022 despite claims of over 5% growth in early 2023. Such statistics are questionable given lack of positive currency or inflation trends.
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45 million of Iran's 88 million population now live in poverty, yet the regime spends heavily on missiles and militias instead of its people.