Tehran Housing Market Review

A total of 5,102 homes were sold in Tehran during the third month of the current fiscal year (May 22-June 21), registering a 29.6% increase compared with the preceding month but a 52.7% decrease 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 296.73 million rials ($1,206) during the month under review, showing a surge of 56.6% over last year’s same month, as prices averageed 189.48 million rials ($770). Home prices in the capital city grew by 3% compared to 287.96 million rials ($1,170) in the second month of the current fiscal year...