Tehran home sales, prices rise

Financial Tribune – The number of home sales in Tehran stood at 11,046 as the average price of each square meter of a residential unit in the capital city stood at 190.71 million rials ($968) during the third month of the current Iranian year (May 21-June 20)

The number of home sales in Tehran stood at 11,046 during the third month of the current Iranian year (May 21-June 20), indicating an increase of 80.3% compared with the same month of last year, but a decline of 4.5% compared with the preceding month.

The announcement was made by the Planning and Housing Economy Office of the Ministry of Roads and Urban Development.

The average price of each square meter of a residential unit in the capital city stood at 190.71 million rials ($968) during the month under review, registering a year-on-year increase of 42.1% and a month-on-month rise of 12.1%.

Among Tehran’s 22 districts, District 1 registered the highest average home price with 424.99 million rials ($2,157) per square meter, followed by District 3 with 332.98 million rials ($1,639) per square meter and District 2 with 289.54 million rials ($1,469) per square meter.