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26-08-21
Iran: establishment of real estate stock exchange to promote transparency in market
(MENAFN)According to deputy transport and urban development minister, real estate stock exchange to trade lands and houses is going to be initiated in Iran Mercantile Exchange (IME) in the second six months of this Iranian year.
There was collaboration between the ministry and IME since some months ago and some positive results were already implemented on this subject, according to Mahmoud Mahmoudzadeh, the deputy minister for housing and construction affairs.
Many efforts were set to plan to the needed infrastructure in this regard; also the establishment of such exchange is corresponding to the government’s policy of providing housing units for the poor.
The exchange was planned to be established in the middle of the last Iranian month (early July 2020), stated the head of Tehran Stock Exchange (TSE).
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