Donya-e-Eqtesad review finds the claim of a 50 percent crash in housing loan bond prices is inaccurate

The newspaper Donya-e-Eqtesad reported in its edition of Monday 3 August 2026 (12 Mordad 1405) that content circulated over the previous 48 hours by some social media news channels, claiming a 50 percent crash in the price of housing loan bonds, does not match the reality of that market.

Based on the paper's review of traded prices for housing purchase facility bonds on the Iran Fara Bourse, the average price per bond in recent days of Mordad was about 80,000 tomans, down 24.5 percent from 106,000 tomans in Mordad last year. Since the start of 1405, the monthly average price has consistently been below the equivalent months of 1404, with an average decline of 13 percent; in Tir the decline was 21 percent. Each bond is worth 500,000 tomans of housing loan entitlement, so obtaining a 500 million toman loan in Tehran requires 1,000 bonds.

The report adds that the current level is not a record low either: the historical average price since 1389 is 79,000 tomans, with historic troughs recorded in Shahrivar 1392 at 38,000 tomans and Mordad 1398 at 36,000 tomans. The paper attributes the recent decline mainly to last year's increase in the loan ceiling, which had lifted bond prices to 136,000 tomans in Dey and Bahman, together with a deepening slump in home purchases and the eroding purchasing power of the loan.