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.