Tehran Home Sales Hit 21-Month High: CBI

The number of monthly home sales in Tehran has reached a 21-month high, the Central Bank of Iran’s new report on the capital’s real-estate market shows.
According to CBI, a total of 10,490 homes were sold in Tehran during the second month of the current fiscal year (April 21-May 21), registering a 206.1% jump compared to the month before and a 166.4% rise compared with the corresponding month of the previous year.
The report also shows prices are at an all-time high. The average price of each square meter of a residential property in Tehran stood at 363.52 million rials ($1,140) during the month under review, registering a 26.2% rise over the preceding year’s same month, when average prices stood at 287.97 million rials ($903).