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Tehran’s Housing Market Pulling Out of Slump

Average home prices grew by 17.7% over last year’s same month and by 1.2% compared to the previous month while the respective figures for home deals increased by 63.5% and 33.5%
Tehran’s Housing Market Pulling Out of Slump
Tehran’s Housing Market Pulling Out of Slump

The Central Bank of Iran’s latest data on Tehran’s housing market show sales are picking up after a slump. 
During the eighth fiscal month (Oct. 23-Nov. 21), a total of 7,304 homes were sold in Tehran, registering an increase of 33.5% compared with the preceding month and a 63.5% jump compared with the same month of last year.
Published on CBI’s website, the data also indicate that the average price of each square meter of a residential property in Tehran stood at 316.31 million rials ($1,090) during the month under review, showing a surge of 17.7% over last year’s same month, when average prices stood at 271.93 million rials ($937). 

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