The average price of each square meter of a residential property in Tehran increased by 2.5% to reach $1,273 in the year ending March 2015 compared with $1,242 in the year ending March 2014, the Persian daily Etemad reported, citing the Ministry of Roads and Urban Development.
The rising trend in home prices stopped in the year ending March 2016 to reach $1,200 per square meter, i.e., a 5.7% decline year-on-year.
Home prices remained unchanged ($1,200 per square meter) in the year ending March 2017.
In the following year (March 2017-18), the housing market saw an average 6% rise in prices per square meter of a residential property, i.e., $1,272.
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