Tehran Residential Buildings’ Inflation Exceeds 28 Percent

The annualized inflation of residential buildings in Tehran, the capital city, stood at 28.4% in the fifth month of the current fiscal year (July 23-Aug. 22), according to a new report released by the Statistical Center of Iran. 
Year-on-year and month-on-month inflation reached 44% and 1.8% respectively.
The center has put average price at 451.48 million rials ($1,521) per square meter, declaring that among the capital city’s 22 districts, District 1 registered the highest average price of 854.49 million rials ($2,879) while District 17 had the lowest rate of 222.68 million rials ($750) per square meter.
The SCI data also show a total of 6,852 residential properties were sold during the month under review across Tehran, down from 8,685 in the preceding month.