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Iran: Home, Land, Rent Prices Increase as Deals Decline in Q3

Iran: Home, Land, Rent Prices Increase as Deals Decline in Q3Iran: Home, Land, Rent Prices Increase as Deals Decline in Q3

The Statistical Center of Iran has published its latest report on home and land prices in addition to rents, which indicates a significant rise across urban areas during the third quarter of the current fiscal year (Sept. 23-Dec. 21, 2018), marking the autumn in Iran. 
According to the report, published on the website of SCI, the average price of each square meter of residential floor area surged by 60.3% in Q3 on a year-on-year basis. When compared with the previous quarter (summer), prices registered a growth of 17.8%.
The minimum price of each square meter of residential floor area across urban areas during this year's Q3 stood at 864,000 rials ($6.3) with the maximum price registered at 513.72 million rials ($3,749). The average price was 26.23 million rials ($191.45).

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