Tehran housing upturn endures

Financial Tribune – The CBI report shows a total of 13,264 homes were sold in Tehran during the 11th Iranian month (Jan. 21-Feb. 19) to register a 24.1% rise compared to the previous month

Latest data released by the Central Bank of Iran show Tehran’s housing market continues to pick up, leaving behind a long spell of inflationary recession.

The market has been energized over the past several months, thanks to an increase in the number of home deals.

Prices are continuing to rise, albeit slowly compared to a few months ago, in line with the country’s overall inflation rate, which stands at 37%.

The inflation rate had been on a downtrend since a couple of months ago.

Mehdi Soltan-Mohammadi, a housing expert, told Tehran Chamber of Commerce, Industries, Mines and Agriculture in an interview that home prices have increased significantly over the past two years.