October 28, 2020 18:11

Tehran Housing Inflation Up 100%

The average price of each square meter of a residential property in Tehran stood at 267.2 million rials ($931) during the seventh month of the current fiscal year (Sept. 22-Oct. 21), showing a surge of 110.1% over last year’s same month

The Central Bank of Iran's latest report on Tehran's housing market shows the sector’s year-on-year inflation has exceeded 100%.
According to CBI, the average price of each square meter of a residential property in Tehran stood at 267.2 million rials ($931) during the seventh month of the current fiscal year (Sept. 22-Oct. 21), showing a surge of 110.1% over last year’s same month when prices averaged 127.15 million rials ($443).
The YOY inflation of the housing sector was last above 100% in the month ending June 21, 2019.
Home prices in the capital city increased by 10% compared to 242.88 million rials ($846) in the sixth month of the current year.

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Rate of Inflation in Iran