Tehran Home Sales Fall 60% as Prices Rise 90%

Home sales in Tehran decreased by 59.3% and 1.2% during the 10th Iranian month (Dec. 22, 2018-Jan. 20) compared with the same period of last year and the preceding month, respectively.
This was announced by the Planning and Housing Economy Office of the Ministry of Roads and Urban Development, Iran Chamber of Commerce, Industries, Mines and Agriculture reported. 
The average price of each square meter of a residential unit in Tehran stood at about 97.7 million rials ($842) during the 10th month, which shows an annual surge of 89.9% and a month-on-month rise of 1.5%.