CBI’s Monthly Review of Tehran Housing Market

A total of 8,463 homes were sold in Tehran during the sixth month of the current fiscal year (Aug. 22-Sept. 21), registering a 6.8% decline compared with the preceding month. 
The number saw a year-on-year growth of 203.7% compared with the 2,787 deals in the corresponding month of last year. 
New data published by the Central Bank of Iran on its website also indicate that the average price of each square meter of a residential property in Tehran stood at 242.88 million rials ($832) during the month under review, showing a surge of 91.7% over last year’s same month, as average prices reached 126.67 million rials ($434). 
Home prices in the capital city increased by 5.1% compared to 231.07 million rials ($792) in the fifth month of the current year.