Tehran Province, wherein lies the capital city, has the most expensive residential land in the country.
According to the findings of the Statistical Center of Iran, during the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019), 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 stood at 137.84 million rials ($872) in Tehran.
Alborz Province was a distant second regarding residential land prices with each square meter valued at 15.96 million rials ($101), almost eight times cheaper than Tehran’s average price.
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