The Statistical Center of Iran has published a new report on home and land prices, as well as rent levels, in the capital city Tehran during the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019).
According to the report, published on SCI’s website, the average price of each square meter of land or land of a rundown residential property (residential units that are considered old to a degree that only the underlying land is useful for construction) in Tehran went up by 86.3% in Q3 compared with the corresponding period of last year.
Prices increased by 0.4% compared with the preceding quarter (Q2 of current Iranian year from June 22 to Sept. 22, 2019.)
February 16, 2020 18:50
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Tehran Real-Estate Market in Q3
The average land and home prices went up by 86.3% and 44.8% respectively, as average rents increased by 31.1% year-on-year. Consequently, the number of home and rent deals decreased by 27.3% and 7.3% whereas land deals remain unchanged year-on-year
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