Latest figures provided by the Planning and Housing Economy Office of the Ministry of Roads and Urban Development show the average price of each square meter of a home in Iran's capital city, Tehran, stood at 82.41 million rials ($588) in the last Iranian year (ended March 20, 2019), signaling a year-on-year surge of 71.1%.
This is while a total of 130,396 home deals were signed during the period under review, which is 29.2% fewer compared to the preceding year.
The report also shows the average price of each square meter of a residential unit in Tehran stood at 110 million rials ($785) during the final Iranian month of last year (Feb. 20-March 20, 2019), registering a 95.4% increase compared with the previous year's similar month.
April 13, 2019 19:36
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Tehran Home Prices Surge 71% in 2018-19
A total of 130,396 home deals were signed in the last Iranian year that ended on March 20, 2019, with the average price of each square meter of a home standing at about 82.41 million rials ($588)
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