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SCI Scrutinizes Iranian Urban Real-Estate Deals in 3 Months

Land, home and rent prices went up by 71.8%, 62.7% and 36.1% while the number of deals declined by 3.5%, 18.7% and 34.3% respectively on a year-on-year basis
SCI Scrutinizes Iranian Urban Real-Estate Deals in 3 MonthsSCI Scrutinizes Iranian Urban Real-Estate Deals in 3 Months

Statistical Center of Iran has published its latest report on home and land prices as well as rents in Iran's urban areas during the first quarter of the current fiscal year (March 20-June 20), the spring season of the fiscal 2020-21. 
According to the report published on SCI’s website, 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 Iranian cities went up by 71.8% during Q1, compared with the corresponding period of the year before. Prices increased by 22.1% compared with the preceding quarter (Q4 of last Iranian year.)
The minimum price of each square meter of land or land of a rundown property in the capital city stood at 1 million rials ($3.7) while the maximum was at 920 million rials ($3,417), bringing the average to 57.14 million rials ($212). 

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