Tehran housing market’s monthly review

Financial Tribune – The number of home sales in Tehran reached 9,664 during the month ending Dec. 21, indicating an increase of 137% compared with the month before, the Planning and Housing Economy Office of the Ministry of Roads and Urban Development reported.

The average price of each square meter of a residential unit in Tehran stood at 134.74 million rials ($1,036) last month, posting a 6.8% increase month-on-month.

Home prices showed an increase of 40% during the month under review compared with the same month of last year. Each square meter of residential units in Tehran was sold at an average rate of 96.31 million rials ($740) during the month under review.