Q1 Construction Permits Under Review

The Statistical Center of Iran has published new data on the number of building permits issued in Tehran as well as other urban areas. 
Municipalities across the country issued permits for 103,410 housing units across Iran’s urban areas in the first quarter of the current fiscal year (March 21-June 21), registering a 26.6% decrease compared with the previous quarter before but a 1.2% growth compared with the corresponding quarter of last year. 
The average number of residential units per permit issued in Q1 across the country was three and the average floor area of residential units per permit was 591 square meters. 
A total of 11,055 homes are expected to be built as a result of the permits issued by Tehran Municipality in Q1, to register a quarter-on-quarter decline of 17.2% and a year-on-year decrease of 13.8%. 
In Tehran, the total floor area of units in buildings stood at 2,084 square meters, registering an 11.4% and 8.6% decline QOQ and YOY respectively. 
The average number of residential units per permit in the capital city was 7.9 and the average floor area of units per permit in the capital city was 1,494 square meters.