Domestic Economy

Construction Permits Up 34.5% in Q2

Construction Permits Up 34.5% in Q2
Construction Permits Up 34.5% in Q2

Municipalities across the country issued permits for 137,431 housing units across Iran’s urban areas during the second quarter of the current fiscal year (June 21-Sept. 21, 2020), indicating a 34.5% increase compared with the previous quarter and a 39.3% growth compared with the corresponding quarter of last year. 
These and other related data were released in the latest report of the Statistical Center of Iran.
The average number of residential units per permit across the country was 2.8 and the average floor area of residential units per permit was 524 square meters. 
A total of 13,822 homes are expected to be built as a result of the permits issued by Tehran Municipality in Q2 to register a quarter-on-quarter growth of 7.8% but a year-on-year decrease of 4.9%, the report said. 
In Tehran, the total floor area of units in buildings stood at 2,426,000 square meters, registering a 6.4% growth QOQ but a 9% decline YOY. 


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