Video | house price in 1354; Why does the earth grow every hour? Mitzpe the housing market: ◀ a famous Iranian film called "Khan Harab", produced in 1354 by the Iranian cinema.
It has a significant description of the "housing price spike crisis" in the "Tehran of the 1950s". ◀ Old movies and series, one of them is "The Tenants".
Usually because of the stories they tell about "past property prices".
It is very interesting for today's generation. ◀ But when you put such cinematic narratives of the real estate market next to "Iran's economic situation", significant findings can be obtained from such investigations. ◀ This video is a 76-second clip from the film "Khan Harab" in it.
An hourly jump of the land price and the daily growth of the house price in 1354 in Tehran are described. ◀ 51 years ago, land in Tehran, which was much more abundant than today, cost 1100 tomans per square meter. ◀ In the same year when Tehran had 10 districts and after 1355 it will become a city with 12 districts. The price of a normal house was less than 500 thousand tomans. In 1354, Tehran's housing market faced a "shock of rising prices" due to what was called "the outbreak of the Dutch disease in Iran's economy". A year ago, the global oil price shock occurred, and as a result, the flow of oil revenues in Iran's economy caused the growth of liquidity and the growth of the inflation rate in 1354 to almost 10%, twice that of the previous years. At that stage, "the importation of all kinds of goods needed by the people because of oil income" on the one hand and the increase in production prices on the other hand, effectively destroyed the efficiency of the productive sectors in the economy, as a result some of the liquidity and funds went to the land and housing market, which managed to control its price through imports, and this caused property prices in Tehran to jump. ◀ "Khan Harab" is the story of a family from Tehran whose father sells his house to buy land in order to "profit" from the "increase in real estate prices" in Tehran in 1354. ◀ But the hourly increase in land prices causes this person's budget to lag behind the price growth in the distance between the sale of the house and the purchase of the land.