Iran's CB Data Reveal Seasonal Slump in Housing Market

A total of 2,094 homes were sold in the capital city Tehran during the first month of the current fiscal year (March 21-April 20), registering a 60.3% decrease compared with the preceding month but a 68.5% increase compared with the same month of last year.
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 293.22 million rials ($1,238) during the month under review, showing a rise of 91.7% over last year’s same month as average prices were registered at 152.95 million rials ($645). 
Home prices in the capital city dropped by 3.1% compared to 302.74 million rials ($1,278) in the month before.