…In the housing sector…The numbers show a decline of 64.9% and 37.5%…the decline in the number of permits issued can result in a shortage in the housing supply in the coming year. This can be very dangerous for the housing market given the age structure of the country.
…the number of permits issued for industrial units has declined for the second year in a row. The figures show a decline of 11.3% in 2007 and an unprecedented drop of 45.7% in 2008.
…Iran’s economic situation, based on the Central Bank’s statistics, is bleak…the bell has started to toll for the Iranian economy.
