It may lead to the continuation of the current situation and gold prices fluctuations." The flight to the suburbs "Renting out houses in return for gold coins is a catastrophe. ![]() Many experts say that the current rental crisis was predictable once the rial crashed and people flocked to the foreign exchange and commodities markets to turn their assets into dollars or gold.Īlbert Boghzian, an economist and a professor at the University of Tehran, said he feared that further economic pressure, such as rent hikes, would ultimately lead to fraud. Mohsen Shemirani, a real estate agent, told Middle East Eye: "We are asking the owners to reduce their rents rate by for example 20 or 30 percent, but they refuse." It may lead to the continuation of the current situation and gold prices fluctuationsĮstate agents report that the number of rental contracts are now declining as many would-be tenants cannot afford to pay. Renting out houses in return for gold coins is a catastrophe. Some landlords are also known to be demanding payment in dollars from their tenants, although such widespread behaviour, while not illegal, is frowned on by the authorities. ![]() If I continue to rent out my apartment in return for rials, then I would face financial loss." ![]() ![]() "I know that many may not be able to afford it,” he said, “but when I see that the currency I may get from my tenants would have less value compared to the previous month, then that leaves me with no choice.
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