Business And Markets

Tehran Home Sales Decline

The number of home sales in the capital city during March 20-April 19 fell by 87.8% on a month-on-month and 63.7% on a year-on-year basis
Tehran Home Sales Decline Tehran Home Sales Decline

A total of 1,243 homes were sold in Tehran during the first month of the current fiscal year (March 20-April 19) to register an 87.8% decline compared to the month before. 
In the month ending March 19, a total of 10,214 home deals were finalized.
The number of home sales in the capital city plunged by 63.7% compared with last year's similar month, the Central Bank of Iran reported. 
A total of 3,423 home deals were concluded in the month ending April 20, 2019.
The average price of each square meter of a residential unit in Tehran stood at 152.95 million rials ($944) during the month under review, indicating a 2.1% decrease compared with the preceding month. Compared with the same month of last year, average prices surged by 35.7%. 


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