Financial Tribune - Home prices in District 18 increased by 227%, District 10 by 214%, District 9 by 203%, District 17 by 199% and District 20 rose by 197% in the past couple of years

Housing prices in five out of 22 districts of the capital city, Tehran, nearly tripled over the past two years.

According to a report by ISNA, home prices in District 18 increased by 227%, District 10 by 214%, District 9 by 203%, District 17 by 199% and District 20 rose by 197%.

The lowest price growth from Feb. 20, 2018, to Feb. 20, 2020 were registered for homes located in District 2 with 160%, District 1 with 167%, districts 5 and 12 with 171% and District 6 with 172%.

From Feb. 20, 2019, to Feb. 20, 2020, districts 20, 18, 12, 17 and 19 posted the sharpest price rises with 101%, 70%, 54%, 51% and 49% while districts 1, 2, 13, 14 and 22 had the lowest increase of home prices with 37%, 38%, 39%, 40% and 40% respectively.