Financial Tribune - New data released by the Central Bank of Iran indicate 3,423 homes were sold in Tehran in the first month of the current Iranian year (March 21-April 20) to register a 73.3% decline compared to the month before and 32.2% compared to the similar month of the year before.

The hike in home prices in the capital city continued their last year�s growing trend.

The average price of each square meter of a residential unit in Tehran stood at about 112.69 million rials ($810), showing a year-on-year surge of about 104% as average prices reached 55.28 million rials ($397) in the similar month of last year.

Home prices in the capital grew by 2.1% compared with 110.41 million rials ($794) in the 12th month of last year.