CBI’s Tehran Housing Market Report: Sales Dip 73% as Prices Rise 99% YOY

A total of 2,555 homes were sold in the capital during the ninth month of the current fiscal year (Nov. 21-Dec. 20), registering a 42.8% and 73.2% decline compared with the preceding month and the same month of last year respectively.
Data published by the Central Bank of Iran on its website also indicate that the average price of each square meter of a residential property in Tehran stood at 269.05 million rials ($1,034) during the month under review, showing an increase of 98.9% over last year’s same month as average prices reached 135.25 million rials ($520). 
Home prices in the capital city decreased by 1.1% compared to 271.93 million rials ($1,045) in the eighth month of the current year.