Homebuyers in Tehran Favor Smaller Houses - August 2018

A review of data by the Central Bank of Iran shows that residents of Tehran, the bustling capital city accounting for roughly half of all home sales in the country, increasingly favor smaller homes as their purchasing power has dwindled.
The latest report on housing developments in Tehran published by CBI on its official website showed that as the total number of home deals in the city during the fifth month of the current year that ended on Aug. 22 indicated a year-on-year decline of 33.2%, average prices for each square meter of a residential unit signaled a massive 62.1% surge.