86% Rise in Tehran Home Prices
The average price of each square meter of a residential unit in Tehran stood at 100.6 million rials ($76.8) in the 11th Iranian month (Jan. 21-Feb. 19), showing a 3% rise compared with the preceding month and an 86% increase compared with the same month of last year.
The latest figures were released by the Planning and Housing Economy Office of the Ministry of Roads and Urban Development, HIBNA, the news portal of Bank Maskan, reported.
The data also show the number of home sales in Tehran increased by 40% in the same period compared with the preceding month to stand at 8,000 deals.
Home sales were down by 50% in the period compared with the same month of last year.
source: Financial Tribune
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