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Signs of Calm Emerging From Tehran Housing Market: CBI

The average price of each square meter of a residential property in Tehran stood at 235 million rials ($928) from Aug. 22 to Sept. 5, showing an increase of 1.9% month-on-month
Signs of Calm Emerging From Tehran Housing Market: CBISigns of Calm Emerging From Tehran Housing Market: CBI

After months of turbulence and sharp increases, a new report by the Central Bank of Iran shows a semblance of calm has returned to Tehran’s housing market.
The average price of each square meter of a residential property in Tehran stood at 235 million rials ($928) from Aug. 22 to Sept. 5, which marks the first half of the sixth Iranian month, showing an increase of 1.9% month-on-month. 
Data published by the central regulator on its website also indicate that the number of home sales declined by 37.7% over the 15-day period compared with the previous month’s same period i.e. July 22 to Aug. 21.  

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