Tehran Housing Prices, Sales Continue Uptrend

The latest data on Tehran’s housing market released by the Central Bank of Iran show the uptrend in sales is continuing alongside rising prices.
During the 10th fiscal month (Dec. 22-Jan. 20), a total of 9,800 homes were sold in the capital city, registering an increase of 0.5% compared with the preceding month and a 179.3% jump compared with the same month of last year. 
The CBI data also show that the average price of each square meter of a residential property in Tehran stood at 329.4 million rials ($1,176) during the month under review, showing a surge of 20.3% over last year’s same month, when average prices stood at 273.9 million rials ($978). 
Home prices in the capital city increased by 1.1% compared to 325.9 million rials ($1,163) in the ninth month of the current year.