Economy, Business And Markets

Tehran Home Sales Up 11.8%

Tehran Home Sales Up 11.8% Tehran Home Sales Up 11.8%

The number of home sales in Tehran during the 12 months to March 20 surpassed 181,200, marking a year-on-year increase of 11.8%, data released by the Central Bank of Iran show.
The report also reveals that during the month to March 20, a total of 12,307 real-estate residential deals were registered, showing a meager rise of 0.5% YOY. 
During the final month of the last Iranian year (ended March 20), residential units built five years or under constituted the highest share of the total sales at 46.5%. Housing units six to 10 years older came next with a 15.3% share.
Keeping up with previous months' trend, Tehran's District 5 registered the highest share of home sales among the capital's 22 districts at 13.3%.  Districts 2 and 4 were next, with each grabbing a 9.9% share of all deals. All-in-all, 73.9% of the residential real estate deals in Tehran took place in 10 districts.


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