Tehran Housing Inflation at 30%

The annualized inflation of residential buildings in Tehran, the capital city, reached 30.3% in the sixth month of the current fiscal year (Aug. 23-Sept. 22), according to a new report released by the Statistical Center of Iran. 
Year-on-year and month-on-month inflation reached 45.7% and 3.3% respectively.
The report has put average price at 461.11 million rials ($1,388) per square meter, noting that among the capital city’s 22 districts, District 1 registered the highest average price of 910.12 million rials ($2,739) while District 18 had the lowest rate of 241.7 million rials ($727) per square meter.