Business And Markets
0

5% of Neighborhoods Account for 52% of Home Contracts in Tehran

High demand and low supply of homes in popular neighborhoods have led to the shortage of two million residential properties in Iranian cities
5% of Neighborhoods Account for 52% of Home Contracts in Tehran5% of Neighborhoods Account for 52% of Home Contracts in Tehran

Seventeen out of Tehran’s 320 neighborhoods (constituting about 5%) account for 52% of total home deals in the capital city, says an official with Bank Maskan, the state’s agent bank for the housing sector. 
“These 17 neighborhoods are the capital city's best for buyers seeking a deal during all seasons and even at the time of recession,” Davoud Khalajestani was also quoted as saying by Mehr News Agency.
The number of home sales and prices in the popular neighborhoods must not be factored in when it comes to calculating the city’s average home deals and prices, he added.

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