6184
Real Estate Market Grows
Economy, Business And Markets

Real Estate Market Grows

The real estate industry posted a brief gain in summer (June 22-September 22), followed by a slight drop in the average price of land and residential properties year-on-year, the Statistical Center of Iran (SCI) announced.
According to the report, the average sales of residential real estate in Tehran increased 80.8 percent in summer compared to the same period last year. The number, however, indicated a 13.3 percent drop compared to spring (March 21-June 21) of this year.
Moreover, the SCI reported that the average price of residential real estate edged up 0.8 percent in summer, in comparison with the same season last year.
Considering a 3.5 percent slump in the price of residential properties compared with spring, the average price of one square meter of residential real estate reached almost 38 million rials in Tehran’s metro area.

 Land Transactions Down  
The average price of land and decrepit buildings witnessed a 13 percent decline in summer compared to the same period last year. Moreover, the prices shrank almost 4.6 percent in comparison with spring.
Average price of per square meter of land and decrepit buildings recorded at Tehran’s real estate agencies fell to 42 million rials, which demonstrated a 4.6 decrease compared to the prior season.
As was reported, the number of land transactions in Tehran rose by 18.4 percent compared to the summer of last year.
The SCI report indicated that the average rental rate per square meter of residential real estate in Tehran surged by 8.3 percent in the same period.

Short URL : http://goo.gl/TEQ3Fs

You can also read ...

Call for Prioritizing Financial  Ties During Visit of UK’s FM
Boosting banking relations with Britain is a top priority of...
The world’s 66 steelmakers produced 1.41 billion tons of steel during the 10 months, up 5.6% YOY.
Iranian steel mills produced 17.9 million tons of steel since...
Speculations About Gold Rally
The sudden leap in gold coins’ prices and their unprecedented...
17 Foreign Apparel Brands Licensed
A total of 17 foreign apparel brands have acquired licenses to...
TCCIM Doubles Down on Sound Forex Policies
By keeping the rial overvalued, the administration is in fact...
Iran needs to import around 800,000 tons of rice every year.
The temporary ban on rice imports has been lifted from Nov. 22...
About 1.65 billion shares valued at $108.8 million changed hands at TSE on Nov. 21.
Tehran Stock Exchange's main index gained 513.40 points or 0....
For a Successful  Implementation of IFRS
In the Iranian banking world, the IFRS fever has been running...

Trending

Googleplus