Data released by the Central Bank of Iran and the Statistical Center of Iran confirm that the housing market in the capital city Tehran is falling deeper into a slump.
According to CBI, a total of 5,416 homes were sold in Tehran during the current Iranian year’s seventh month (Sept. 23-Oct. 22), registering a 10.2% fall compared to the previous month and a 1% decrease compared with the corresponding month of the previous year. It considers it the fourth consecutive month of decline in sales.
This is while SCI says a total of 4,830 residential properties were sold during the month under review across Tehran, down from 5,159 in the preceding month, adding that District 5 saw the highest volume of housing deals with 729, while District 19 had the lowest figure with 31.
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