Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
Why Buy or Invest in New Real Estate Developments in Iran.
Iran has a young, growing population, with an increasing trend toward urbanization. Cities like Tehran, Isfahan, and Shiraz are expanding, which can drive demand for both residential and commercial properties.
Compared to many other Middle Eastern countries, property prices in Iran can be relatively low, which offers an opportunity for early investors to acquire properties at a lower cost.
Iran is strategically located at the crossroads of the Middle East, Central Asia, and beyond. This could make it an important logistics or trade hub, increasing the value of commercial real estate.
Iran has a rich cultural heritage and numerous UNESCO World Heritage sites. Investment in tourism-related real estate (like hotels, resorts, or serviced apartments) could benefit from growth in both domestic and international tourism if the country's international relations improve.
In summary, buying or investing in new real estate developments in Iran can offer high returns due to favorable property prices, a growing population, and ongoing urban development. However, it comes with risks, particularly in terms of political instability, currency fluctuations, and legal barriers.
