Business And Markets

Tehran Housing Dynamics

The number of home sales rose 192.6% year-on-year and 29.7% month-on-month, as prices grew by 54.1% year-on-year and 10% month-on-month
Tehran Housing DynamicsTehran Housing Dynamics

The Planning and Housing Economy Office of the Ministry of Roads and Urban Development has released a report on Tehran's housing market in the fourth month of the current Iranian year (June 21-July 21).
A total of 14,330 homes were sold in the capital city during the period to register a year-on-year increase of 192.6% compared with the same month of last year and a rise of 29.7% compared with the preceding month.
The average price of each square meter of a residential unit in the capital city stood at 209.86 million rials ($893) during the month under review, registering an increase of 54.1% year-on-year and 10% month-on-month. 
Among Tehran’s 22 districts, District 1 registered the highest average home prices with 453.175 million rials ($1,928) per square meter, followed by District 3 with 384.24 million rials ($1,635) per square meter and District 2 with 324.94 million rials ($1,382) per square meter. 


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