Domestic Economy
0

Tehran Home Sales Drop for Third Consecutive Month

Residential units with a floor area of 50-60 square meters registered the highest number of sales, with a 14.8% share of the total
Tehran Home Sales Drop for Third Consecutive Month
Tehran Home Sales Drop for Third Consecutive Month

A total of 6,033 homes were sold in Tehran during the sixth month of the current fiscal year (Aug. 23-Sept. 22), registering a 22.9% fall compared to the previous month and a 22.5% decrease compared with the corresponding month of the previous year, the Central Bank of Iran announced in its latest report. 
This is the third consecutive month of decline in sales reported by CBI.
The report shows the average price of each square meter of a residential property in Tehran stood at 432.2 million rials ($1,304) during the month under review, registering a 36.3% rise over the preceding year’s same month. 

 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com