Home Sales Drop 27% as Rent Deals Triple YOY

The Statistical Center of Iran’s latest report surveyed home and land prices, as well as rent levels, in urban areas during the second quarter of last fiscal year (June 22-Sept. 22, 2021). 
The report shows the number of residential home sales declined by 27.6% while that of rent deals rose 202.8% on a year-on-year basis. 
According to the report published on SCI’s website, 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 46.1% in Q2 compared with the corresponding period of the year before. Prices increased by 3.9% compared with the preceding quarter (Q1).