Iran: Housing prices, rents continue to rise as number of deals declines

Financial Tribune – The Statistical Center of Iran has published a new report on home and land prices, as well as rents across urban areas of the country during the first quarter of the current Iranian year (March 21-June 21), which indicates an all-round increase both compared to the previous quarter and to the corresponding quarter of the year before.

The number of property deals, however, except for land, registered a decline.

According to the report, published on the website of SCI, the average price of each square meter of land or land of a rundown residential property (old units where only the underlying land is useful for construction) went up by 148.6% in Q1 compared with the corresponding period of last year.