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Surge in Tehran Home Prices Continues While Deals Fall: H1 2018

Surge in Tehran Home Prices Continues While Deals Fall: H1 2018Surge in Tehran Home Prices Continues While Deals Fall: H1 2018

Home prices in Tehran soared while the number of property deals significantly declined during the sixth month of the current Iranian year that ended on Aug. 22, the Central Bank of Iran announced. 
This means that the trend of surging prices, coupled with falling property deals in the capital, has continued for the fourth month in a row, reinforcing the possibility of a nationwide housing recession in the foreseeable future since Tehran accounts for two-thirds to half of all property deals in Iran.
Data published by the CBI on its official news website on Thursday indicate that only 10,335 home deals were conducted in the capital during the sixth month of the current fiscal year,

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