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Will Iran's new mortgage plan stimulate housing market?

New plans to increase the ceiling for mortgages in Iran creates unnecessary bureaucracies and is not enough to stimulate demand in the housing market.

EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on their ability to report, film or take pictures in Tehran. 

Construction cranes work on a high rise buildings in the foothills of the Alborz mountains in north Tehran April 15, 2010. President Mahmoud Ahmadinejad has asked 5 million Tehranis to evacuate the capital since they know their sprawling metropolis is due for a massive earthquake. When the last major earthquake hit, in 1831, Tehran was tiny compared to the metro
Construction cranes work on a high-rise building in the foothills of the Alborz Mountains in Tehran, April 15, 2010. — REUTERS/Caren Firouz

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