ISNA: Referring to the share of added value of private buildings of GDP was between 2 to 5 percent during last decade, Seyyed Mohsen Mozdabadi; the secretary of IUESA pointed out, housing domain holds nearly 12% of country’s employment, so that, according to results of some researches, building every 100 square meters of building can create 6 job opportunity.

Highlighting the 9th and 10th government’s expansionary monetary policy caused flourish housing market, but these policies resulted in monetary base increase and liquidity and consequently high inflation, Tabatabaei said.

Saying that contractionary and expansionary fiscal policies of the 11th government froze the housing market, he added, according to the released statistics construction in Tehran decreased 50% compared to last year national average of housing construction has declined 65%.

Pointing that recently a statistics released showed decline in providing housing facilities, he said, according to the report of Central Bank, facilities devoted to the housing domain was 10.4 trillion Tomans in the first 4 months of 2014, this number in the first 4 months of 2015 dropped to 9.5 trillion, therefore, in the current year, the share of housing sector of total facilities was 10.1% while this number was 12.9% in the same period last year.

Adding that while government is trying to decrease the amount of giving credit to housing market and infrastructure domain of new cities, statistics liquidity remains bullish, he said the statistics of research center of Majlis shows that monetary base volume in 12 months ended in June 2014 has increased more than 20 trillion Tomans and it indicates that the government cannot generally inhibit the growth of liquidity by cutting off credit support of Mehr Housing projects.

Emphasizing that the government should both strengthen financial discipline and implement comprehensive policies in order to exit housing domain from recession, vice-Chairman of Board of Directors of IUESA said, “Today and after the relative containment of inflation, the main agenda of the government should be operational exit of recession and housing market can take on part of the process of passing Iran economy from recession atmosphere”.