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Iran: Housing Prices, Rents Continue to Rise as Number of Deals Declines

The average price of each square meter of land and residential floor area went up by 148.6% and 82.2% respectively, as average rents increased by 29.1% year-on-year
Iran: Housing Prices, Rents Continue to Rise as Number of Deals DeclinesIran: Housing Prices, Rents Continue to Rise as Number of Deals Declines

The Statistical Center of Iran has published a new report on home and land prices, as well as rents across urban areas of the country 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, except for land, registered a decline.
According to the report, published on the website of SCI, the average price of each square meter of land or land of a rundown residential property (old units where only the underlying land is useful for construction) went up by 148.6% in Q1 compared with the corresponding period of last year. 

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