Domestic Economy

Iran's Q3 Real-Estate Market in Urban Areas Reviewed

The Statistical Center of Iran has published its latest report on home and land prices as well as rent levels in the country’s urban areas during the third quarter of the last Iranian year (Sept. 22-Dec. 20, 2020), the autumn of fiscal 2020-21. 
According to the report published on the website of SCI, the average price of each square meter of land or land of a rundown residential property (residential units that are considered old to a degree that only the underlying land is useful for construction) in Iranian cities went up by 118.4% in Q3 compared with the corresponding period of the year before. Prices increased by 20.9% compared with the preceding quarter (Q2 of the last Iranian year).
The minimum price of each square meter of land or land of a rundown property in the capital city stood at 793,000 rials ($3.17) while the maximum was at 1.55 billion rials ($6,200), bringing the average to 88.65 million rials ($354.6). 


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