Abstract:

The presented paper focuses on the use of system dynamics while evaluating the real estate market in Tehran, Iran, and predicting its future development. The first section provides a brief theoretical overview of the system dynamics approach and its use in the real estate field. This approach is used in the rest of the paper to provide a casual loop diagram of the system and its explanation as well as a stock and flow diagram. This diagram is then used to simulate the behavior of the model within a time frame of 10 years. The last section of the paper focuses on discussing the results and implications for the real estate market in Tehran.