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.