Business And Markets
0

Tehran Real-Estate Market in Q3

The average land and home prices went up by 86.3% and 44.8% respectively, as average rents increased by 31.1% year-on-year. Consequently, the number of home and rent deals decreased by 27.3% and 7.3% whereas land deals remain unchanged year-on-year
Tehran Real-Estate Market in Q3Tehran Real-Estate Market in Q3

The Statistical Center of Iran has published a new report on home and land prices, as well as rent levels, in the capital city Tehran during the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019).
According to the report, published on SCI’s website, the average price of each square meter of land or land of a rundown residential property (residential units that are considered old to a degree that only the underlying land is useful for construction) in Tehran went up by 86.3% in Q3 compared with the corresponding period of last year. 
Prices increased by 0.4% compared with the preceding quarter (Q2 of current Iranian year from June 22 to Sept. 22, 2019.)

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com