Small homes in Tehran exceed housing inflation

Financial Tribune – Price changes across three groups of housing in Tehran based on the area of the home show that residential units with an area of 40 to 60 square meters—the first choice of first-time homebuyers in addition to speculators—have experienced the highest price

Smaller homes in Tehran have experienced more significant price hikes compared to larger ones as demand for the former increases, a review of figures for the initial seven months of the current fiscal year that ended on Oct. 22 shows.

According to the Persian economic daily Donya-e-Eqtesad, price changes across three groups of housing in Tehran based on the area of the home show that residential units with an area of 40 to 60 square meters—the first choice for first-time homebuyers in addition to speculators—have experienced the highest price jumps.

Among Tehran’s 22 districts, 4 and 5 registered the highest demand and the largest number of home deals. This year, the two districts constitute about 25% of all home deals conducted in Tehran.