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Q1 Tehran Real Estate Prices Rise, Deals Fall

The average price of each square meter of land and residential floor area in the capital city went up by 174.6% and 109.6% respectively, as average rent prices increased by 35% year-on-year
Q1 Tehran Real Estate Prices Rise, Deals FallQ1 Tehran Real Estate Prices Rise, Deals Fall

The Statistical Center of Iran has published a new report on home and land prices, as well as rents, in the capital city during the first quarter of the current Iranian year (March 21-June 21), which indicates an all-round increase both compared to the previous quarter and to the corresponding quarter of the year before. 
The number of property deals, however, registered a decline.
According to the report, published on the official website of SCI, the average price of each square meter of land or land of a rundown residential property (residential units that are considered old to a degree that only the underlying land is useful for construction) in Tehran went up by 174.6% in Q1 compared with the corresponding period of last year. 

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