Tehran Housing Market Under CBI’s Spotlight

A total of 3,917 homes were sold in Tehran during the 11th month of the current fiscal year (Jan. 20-Feb. 18), registering an 11.4% increase compared with the preceding month but a 70.5% decline compared with the same month of last year.
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 283.89 million rials ($1,108) during the month under review, showing an increase of 97.2% over last year’s same month as average prices were registered at 143.97 million rials ($562) then. 
Home prices in the capital city increased by 3.7% compared to 273.86 million rials ($1,069) in the 10th month of the current fiscal year.