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Home Prices, Rents Hike in Tehran

Home Prices, Rents Hike in Tehran  Home Prices, Rents Hike in Tehran
The average price of each square meter of land or dilapidated residential properties in Tehran was higher by 13.6% when compared with the third quarter of the previous fiscal year to Dec. 21, 2017, and higher by 33.5% when compared with the fourth quarter

The Statistical Center of Iran has released the latest housing data for Tehran, which indicate a significant annual and seasonal hike in prices, rents and deals, manifesting an uptick in the housing sector.
According to SCI’s report published on its official website, the minimum and maximum prices for each square meter of land or dilapidated residential properties in Tehran stood at more than 7.37 million rials ($176) and more than 266.66 million rials ($6,350) during the final quarter of the previous year to March 20, 2018.
This brings the average price of each square meter of land or dilapidated residential properties in Iran’s capital city during the period to more than 59.92 million rials ($1,427), which was higher by 13.6% when compared with the third quarter of the previous fiscal year to Dec. 21, 2017, and higher by 33.5% when compared with the fourth quarter of the year before.

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