SCI Scrutinizes Tehran's Real-Estate Market in Q1

The Statistical Center of Iran has published its latest report on home and land prices, as well as rent levels in the capital city Tehran in the first quarter of the current Iranian year (March 20-June 20), the spring season of fiscal 2020-21. 
According to the report published on the website of SCI, 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 50.4% in Q1 compared with the corresponding period of the year before. Prices increased by 22.6% compared with the preceding quarter (Q4 of last Iranian year.)
The minimum price of each square meter of land or land of a rundown property in the capital city stood at 36.92 million rials ($166) in District 20 while the maximum was at 920 million rials ($4,153) in District 1, bringing the average to 255.1 million rials ($1,151).