45% Hike in Tehran Home Prices

After a tumultuous second Iranian month, Tehran's housing market became calmer in the third month that ended on June 21 in terms of home deals, but registered a whopping 45% annual growth in terms of prices.
According to the latest report published by the Central Bank of Iran's official website on Wednesday, a total of 14,886 residential units were dealt by Tehran's registered real-estate agents, down by 22.1% and 3.1% compared with the previous month and the same month of the previous year respectively.
The price of each square meter of residential unit stood at 65.1 million rials ($1,529), up by 8.9% when compared with the second month of the current year. The annual price growth, however, was equal to a staggering 45.8%.