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Tehran Q2 Home Prices Increase
Tehran Q2 Home Prices Increase
  1. Economy
  2. Business And Markets

Tehran Q2 Home Prices Increase

  1. Economy
  2. Business And Markets

Tehran Q2 Home Prices Increase

The Statistical Center of Iran has released a report on home prices in Tehran during the summer, indicating that average prices registered a 6% growth compared with the same period of last year. The average price of houses in Iran reached 42.72 million rials ($1,070) during the period. Home prices dropped by 0.2% compared with the first quarter. SCI data also show that the total number of home sales in Tehran City grew by 24.9% compared with the previous quarter. According to SCI, lands and old houses were sold at an average price of 45 million rials ($ 1,128) during this period, marking a 3.3% growth year-on-year. Rents experienced a 9.9% growth during the summer.

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