Tehran home sales fall as prices soar

Financial Tribune – The Central Bank of Iran on Tuesday released its latest data concerning Tehran’s housing market, indicating that the volume of home deals has significantly declined as prices have jumped for the third month in a row.

According to a report published on CBI’s website, the number of home deals registered in Tehran during the fifth month of the current fiscal year that ended on Aug. 22 stood at 12,006, which was lower by 11.2% and 33.2% when compared to the month before and the same month of the previous year respectively.