Business And Markets

Residential Rents Rise by 46.4%

The average residential rent in Iran’s urban areas has increased by 46.4% in the ninth month of the current Iranian year (Nov. 22-Dec. 21) compared with the similar month of the year before, according to the latest data released by the Central Bank of Iran.
The rise in rent levels stood at 41.3% in Tehran, the capital city.
The changes were reportedly 2.5% and 3% for Iran’s urban areas and Tehran respectively compared to the previous month.
Government officials began to enforce measures to control the ever-rising housing rents in early 2020, such as setting a cap on the rise for three years in a row. 


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