Iran but not with the United States, and not with Israel—a state which Iran's government has derecognized since the 1979 Revolution. Among Muslim nations, Iran has severe relationship with Saudi Arabia due to different political and Islamic ideologies while Iran is a Shia Islamic Republic and Saudi is a conservative Sunni monarchy. Regarding the Israeli–Palestinian conflict, the government of Iran has recognized Jerusalem as the capital of the State of Palestine, after Trump recognized Jerusalem as the capital of Israel. On 14 July 2015, Tehran and the P5+1 came to a historic agreement ("Joint Comprehensive Plan of Action") to end economic
Construction industry of Iran housing expenses, and the housing sector contributes around 12 percent of employment to the economy. In terms of investment, the domestic rival markets of real estate market are gold, car and the Iranian bourse. Construction is one of the most important sectors in Iran accounting for 20–50% of the total private investment. One of the prime investment targets of well off Iranians as tangible. In Iran, only government employees pay their fair share of income taxes and no one pays a capital gains tax, which has allowed the rich to "squirrel away" their speculative real estate gains abroad. Prices for