Financial Tribune - The Ministry of Roads and Urban Development will set up a special committee to set rental rates to ensure they won’t exceed consumer inflation, the director of Housing Investment and Economy Department said.

“The committee will consist of nine representatives from the private sector, parliament, real estate agents and the Central Bank of Iran,” Abbas Farhadieh was also quoted as saying by IRIB News

“The committee does not intend to intervene in rental housing deals and will just inform people of rental rates and fees. The government will not impose punitive measures when it comes to rental housing deals, but rather it will give incentives like tax credits to landlords who charge rent fees within the specified range set by the committee.”