TEHRAN – The Ministry of Roads & Urban Development expects the boom in the real estate market to continue in the new Iranian calendar year of 1397 (started on March 21), IRNA reported on Tuesday.

According to Ali Chegini, managing director of the ministry's Planning and Economy Office, house prices as well as the number of deals started rising since last year’s H2 and requests for construction licenses and investments in construction also began to grow.

“The market is expected to follow last year’s upward trend in the current year as well,” the official said.

EF/MA