SCI Reviews Iran’s Urban Real-Estate Market 

The Statistical Center of Iran has published a new report on home and land prices, as well as rent levels in the country’s urban areas during the third quarter of last fiscal year (Sept. 23-Dec. 21, 2021). 
The report shows the number of residential home sales grew by 43.2% as that of rent deals rose 257.1% 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 24.7% in Q3 compared with the corresponding period of the year before. Prices increased by 2% compared with the preceding quarter (Q2).