Home prices in Tehran continued to increase while the number of property
deals declined in the third month of the current Iranian year (ended
June 21), latest data released by the Central Bank of Iran show
According to CBI, 5,986 homes were sold in the capital during the
period, signaling a year-on-year decrease of 59.8% compared with the
14,886 deals of the corresponding month of last year
The number of property deals dropped by 50.6% compared with the preceding Iranian month
The average price of each square meter of a residential unit in Tehran stood at about 132.99 million rials ($1,023) during the month, showing an annual surge of 104.3%, as average prices reached 65.1 million rials ($500) in last year’s same month
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