Iran Real Estate Market News

A total of 65,000 applicants have opened accounts with designated banks of the government-sponsored “National Housing Initiative” so far and 38,000 of them have made the initial payment of…

After months of turbulence and sharp increases, a new report by the Central Bank of Iran shows a semblance of calm has returned to Tehran’s housing market.

Thirty-six percent of all homebuyers in the first four months of the current fiscal year (March 20-July 21) used Bank Maskan loans to finance their homes. A total of 95,000 home deals were…

The Purchasing Managers' Index for the housing sector in the fifth month of the current fiscal year (July 22-Aug. 21) settled at 52.94 from 52.78 in the preceding month (June 21-July 21).…

A total of 9,080 homes were sold in Tehran during the fifth month of the current fiscal year (July -Aug. 21), registering a 35.4% decline compared with the preceding month and a 175.8% growth…

The plan to presale housing units through standard salaf contract will be implemented next month at the Iran Mercantile Exchange, the IME deputy for economic studies said.  “IME plans to…

The National Property and Housing Database has so far identified 2.7 million empty homes in Iran. 

The Guardians Council—a watchdog that ensures laws are in line with the Iranian Constitution and Islamic law—has drawn attention to the flaws in various provisions of new vacancy tax bill…

Properties owned by subsidiaries of the New Towns Development Company are to be sold through the Iran Mercantile Exchange, a board member of the company said.  "We have 19 subsidiaries in…

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…

The Guardians Council–a watchdog that ensures laws are in line with the Iranian Constitution and Islamic law–has sent back the vacancy tax bill to the Iranian Parliament for reconsideration.

Tehran’s housing Consumer Price Index in the 12-month period ending July 21, which marks the end of the fourth Iranian month, increased by 46.4% compared with the corresponding period of last…

The Purchasing Managers' Index for Iran's housing sector in the fourth month of the current fiscal year (June 21-July 21) settled at 52.78 from 64.36 in the preceding month (May 21-June 20).…

Iranian parliamentarians approved revisions to Article 54 of Direct Tax Code on Wednesday, which would make several changes to vacancy tax with the aim of returning empty properties to use as…

The Planning and Housing Economy Office of the Ministry of Roads and Urban Development has released a report on Tehran's housing market in the fourth month of the current Iranian year (June 21-…

A prominent housing expert says vacancy tax would hardly push down rents or home prices in the short run. Fardin Yazdani, the planner of Comprehensive Housing Initiative of the Ministry of…

The government has unveiled its coronavirus aid package for home renters. According to Governor of the Central Bank of Iran Abdolnasser Hemmati, a total of 200 trillion rials ($915 million) out…

Deputy Minister of Roads and Urban Development Mahmoud Mahmoudzadeh said 50% of tenancy agreements extended in the fourth month of the current fiscal year (June 21-July 21) were in conformity…

The gap between the cost of buying and renting is now at its highest level in Iran. The analytical report by the Persian economic newspaper, Donya-e-Eqtesad, using the Statistical Center of…

Out of 179 materials used in construction in Tehran Province examined by the Statistical Center of Iran during the second half of the last Iranian year (Sept. 23, 2019-March 19), copper sheet…

Landlords willing to sign three-year lease contracts will be granted exemption from vacancy tax and other slated tax measures concerning the housing sector, a senior official with the Ministry…

The government will allocate a fraction of the 750-trillion-rial ($3.34 billion) coronavirus bailout to renters, says Minister of Roads and Urban Development Mohammad Eslami.  The interest…

The Purchasing Managers' Index of the hosing sector for the third month of the current fiscal year (May 21-June 20) settled at 64.36 from 60.55 in the preceding month (April 20-May 20), showing…

Stock market authorities are planning to launch a real estate exchange market to help address mounting challenges of the housing sector, a member of the High Council of Securities and Exchange…

The general price index of construction materials for residential properties in Tehran stood at 536.5 in the first quarter of the current fiscal year (March 20-June 20).