Tehran Housing Market Rebounds
Tehran Housing Market Rebounds
Monday, May 28, 2018

Tehran Housing Market Rebounds

Monday, May 28, 2018

Tehran Housing Market Rebounds

Following a very weak performance during the first month of the current Iranian year, Tehran's real-estate market has registered a healthy growth in the number of residential deals during the second month to May 21.
The latest report by the Central Bank of Iran published on its official website, which employs data from the Tenement Management Information System, indicates that the number of home deals in Tehran during the second month of the current year reached 19,100, which signals a respective increase of 278.7% and 16.7% when compared with the previous month and the same month of last year.
As CBI pointed out in its report, the huge 278.7% increase is because traditionally, the first month of the year sees the lowest volume of home deals, as half of it is taken up by Norouz holidays. However, the first fiscal month showcased a performance even weaker than anticipated as only 5,000 residential deals were registered in Iran's capital, lower by 6.3% compared with the first month of the year before.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/75NVYp
  1. https://goo.gl/dHk46J
  • https://goo.gl/HmTo5H
  • https://goo.gl/4pW8pW
  • https://goo.gl/RArxNT
  • https://goo.gl/yQ3pHf

You can also read ...

Central Bank of Iran Against Market Intervention
Central Bank of Iran's Governor Abdolnasser Hemmati said the...
New Forex Initiative Unable to Tip Scales
The new forex initiative has only managed to fix major policy...
VDMA Backs Iran Trade
Germany’s plastics and rubber machinery trade association,...
Equity-Based Sukuk Return to Iran Capital Market
The government is set to clear part of its debt to Social...
Musk Bid for Tesla Still Murky
Tesla Inc’s board named a special committee of three directors...
Tehran Shows 4th Biggest Upturn in Economist’s Livability Index
Tehran is one of the top five cities in the world to have...
Over €81m Worth of Airport Equipment Purchased  Post JCPOA
Iran Airports & Air Navigation Company, an arm of the...
S. Korea Bans Recalled BMWs Over Fire Fears
The South Korean government has said it will ban about 20,000...

Add new comment