Business And Markets

Iran's CB: Tehran Housing Prices, Sales Surge

Average home prices during Nov. 22-Dec. 21 grew by 21.1% over last year’s same month and by 1.8% compared to the previous month while the respective figures for the number of home sales increased by 282.5% and 33.8%
Tehran Housing Prices, Sales Surge
Tehran Housing Prices, Sales Surge

The Central Bank of Iran’s latest data on Tehran’s housing market show sales are picking up alongside prices. 
During the ninth fiscal month (Nov. 22-Dec. 21), a total of 9,772 homes were sold in Tehran, registering an increase of 33.8% compared with the preceding month and a 282.5% 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 325.9 million rials ($1,093) during the month under review, showing a surge of 21.1% over last year’s same month, when average prices stood at 269.06 million rials ($902). 


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