Iran: Nationwide Home Sales Grow Unlike in Tehran

Unlike in Tehran, home sales in other Iranian provincial capitals have been up 3% in the eighth month of the current Iranian year, Aban (Oct. 23-Nov. 21), compared with the same month of the last year.

According to a report by the Persian daily Donya-e Eqtesad, home sales across all Iranian cities, except for the capital city, saw a 52% rise in Q1 (March 21-June 21) and a 44% growth in Q2 (June 22-Sept. 23) compared with their corresponding quarters of the last year.

Home sales in Tehran were down over 40% in the first two months of Q3 (Mehr and Aban) over same months of the last year but the overall home sales in other Iranian cities increased by 39% in Mehr (Sept. 23-Oct. 22) and 3% in Aban YOY.