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SCI Reviews Q3 Real-Estate Market in Urban Areas

SCI Reviews Q3 Real-Estate Market in Urban AreasSCI Reviews Q3 Real-Estate Market in Urban Areas

Statistical Center of Iran has published its latest report on home and land prices in addition to rents, which indicates all have increased across urban areas during the third quarter of the current Iranian year (Sept. 23-Dec. 21), the autumn season of fiscal 2019-20. 
According to the report published on the official website of SCI, 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 urban areas went up by 93.5% during Q3 compared with the corresponding period of last year. Prices increased by 11.7% compared with the preceding quarter (Q2 of the current Iranian year.)
The minimum price of each square meter of land or land of a rundown property in urban areas stood at 879,000 rials ($5.7) while the maximum was at 741 million rials ($4,811), bringing the average to 40.58 million rials ($263). 

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